NORTH RALEIGH MINISTRIES INC (EIN 200496814) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

MARCO RAMIREZ

Phone

9198446676

Tax Period

2024-01-01 to 2024-12-31

NORTH RALEIGH MINISTRIES INC, founded in 2005, is a community nonprofit in the Religion sector that reported $5.6M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $991K, a strong 18% operating margin.

Mission

TO EQUIP FAMILIES AND INDIVIDUALS IN CRISIS WITH THE RESOURCES AND SKILLS NEEDED TO ACHIEVE STABILITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,332,991

Program Service Revenue $0

Investment Income $75,527

Other Revenue $150,333

TOTAL REVENUE $5,558,851

Expense Breakdown

Grants Paid $353,305

Salaries & Benefits $2,503,507

Fundraising Expenses $145,498

Program Expenses $3,954,190

Other Expenses $1,711,477

TOTAL EXPENSES $4,568,289

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,558,851	$4,318,458	+0.3%
Expenses	$4,568,289	$3,671,374	+0.2%
Net Income	$990,562	$647,084	+0.5%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

312

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$150,675

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES BREEDING	CHAIR	6.00	Officer Director	$0	$0	$0
BRANDI GEREW	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LIZ DAVID	TREASURER	1.00	Officer Director	$0	$0	$0
RHONDA DAVIS	SECRETARY	3.00	Officer Director	$0	$0	$0
DICK WILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
PAM LEAMAN	BOARD MEMBER	3.00	Director	$0	$0	$0
JOHN HOLTON	BOARD MEMBER	1.00	Director	$0	$0	$0
DONNA PYGOTT	EXECUTIVE DIRECTOR (ENDING 10/31/2024)	40.00	Officer	$144,922	$5,753	$150,675

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$5,558,851	$4,568,289	$7,964,421	$990,562
2023	$4,318,458	$3,671,374	$6,684,513	$647,084
2022	$5,054,097	$3,338,870	$6,285,593	$1,715,227
2021	$3,470,740	$2,767,713	$2,243,323	$703,027
2020	$2,985,740	$2,985,502	$1,824,190	$238
2019	$2,571,056	$2,239,995	$1,551,505	$331,061
2019	$2,571,056	$2,239,995	$1,551,505	$331,061
2018	$2,227,149	$1,996,595	$1,201,165	$230,554

NORTH RALEIGH MINISTRIES INC