RALEIGH, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO EQUIP FAMILIES AND INDIVIDUALS IN CRISIS WITH THE RESOURCES AND SKILLS NEEDED TO ACHIEVE STABILITY.
FOOD SUPPORT:CURBSIDE GROCERY ASSISTANCE AND FOOD SUPPORT IS OFFERED TO THE COMMUNITY WITHIN OUR SERVICE ZIPCODES IN RALEIGH. GROCERY SUPPORT ALLOWS FAMILIES AND INDIVIDUALS TO ENGAGE IN...
FOOD SUPPORT:CURBSIDE GROCERY ASSISTANCE AND FOOD SUPPORT IS OFFERED TO THE COMMUNITY WITHIN OUR SERVICE ZIPCODES IN RALEIGH. GROCERY SUPPORT ALLOWS FAMILIES AND INDIVIDUALS TO ENGAGE IN RELATIONSHIP-BASED SUPPORT, LEAVING NOURISHED AND WITH A PLAN TO MEET THEIR FUTURE FOOD NEEDS. NRM IS RECOGNIZED AS A GOLD CERFIFIED HEALTHY FOOD PANTRY THROUGH THE FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA, AND THROUGH THE NC DEPARMENT OF HEALTH & HUMAN SERVICES HEALTHY FOOD ACCESS PANTRY PROGRAM. IN ADDITION, NRM ALSO PROVIDES FOOD SUPPORT WHEN ENROLLED IN ONE OF OUR VARIOUS COACHING AND PASTORAL CARE PROGRAMS. THIS IS DONE THROUGH TAILORED FOOD ASSISTANCE OR THROUGH OUR SELF-SHOP MARKET. DURING 2024, WE WERE ABLE TO PROVIDE 188,560 POUNDS OF CRISIS FOOD ASSISTANCE AND SUPPORT TO INDIVIDUALS IN OUR SERVICE AREA IN NORTH RALEIGH. IN 2004, WE IMPLEMENETED A NEW PROGRAM NAMED "MINDFUL MEALS". THIS PROGRAM WAS IMPLEMENTED TO ADDRESS THE NEEDS OF OLDER ADULTS IN OUR COMMUNITY EXPERIENCING FOOD INSECURITY, SOCIAL ISOLATION, AND DIET-RELATED HEALTH RISKS. EACH SESSION IS 7 WEEKS LONG. PARTICPANTS PREPARE AND COOK HEALTHY MEALS TOGETHER AND TAKE HOME WHAT THEY PREPARED FOR THE WEEK.
THRIFT SHOPPES:THROUGH DONATIONS FROM THE COMMUNITIY, NRM IS ABLE TO PROVIDE QUALITY, GENTLY USED CLOTING AND HOUSEHOLD ITEMS AT A LOW-COST TO SUPPORT THE MISSION OF NORTH RALEIGH MINISTRIES...
THRIFT SHOPPES:THROUGH DONATIONS FROM THE COMMUNITIY, NRM IS ABLE TO PROVIDE QUALITY, GENTLY USED CLOTING AND HOUSEHOLD ITEMS AT A LOW-COST TO SUPPORT THE MISSION OF NORTH RALEIGH MINISTRIES. PROCEEDS FROM OUR SHOPPES PROVIDE SUPPORT TO OUR CRISIS AND DEVELOPMENT CENTER PROGRAMS AND HELP INDIVIDUALS AND FAMILIES IN OUR COMMUINTY FIND STABLITY AND HOPE.
OTHER PROGRAM SERVICES:NORTH RALEIGH MINISTRIES PROVIDES PASTORAL CARE AND COACHING PROGRAMS. NRM OFFERS 2 DIFFERENT COACHING PROGRAMS- JOURNEY AND TRANSITIONS. PARTICIPANTS PARTNER WITH A...
OTHER PROGRAM SERVICES:NORTH RALEIGH MINISTRIES PROVIDES PASTORAL CARE AND COACHING PROGRAMS. NRM OFFERS 2 DIFFERENT COACHING PROGRAMS- JOURNEY AND TRANSITIONS. PARTICIPANTS PARTNER WITH A PROFESSIONAL COACH TO TRANSFORM THEIR LIFE WITH PURPOSE AND ARRIVE AT A PLACE OF FINANCIAL PREPAREDNESS. OUR COACHES ARE TRAINED IN EVIDENCE BASED INTERNVENTION TO HELP CLIENTS WORK THROUGH FINANCIAL AND RELATED CHALLENGES. WE HAD A 19% INCREASE IN PARTICPATION DURING 2024. DURING OUR PASTORAL CARE PROGRAMS, PARTICPANTS IN OUR COMMUNITY RECEIVE ENCOURAGEMENT ON THEIR PATH TO EMOTIONAL AND SPIRITUAL HEALING, EMERGING MOTIVATED TO TACKLE THE STRESSFUL AREAS OF THEIR LIFE. THIS IS ACHIEVED BY ONE OF OUR 3 AREAS OF PASTORAL CARE: GUIDANCE AND SUPPRT, BUILDING HOPE SMALL GROUPS AND/OR OUR PATHWAYS PROGRAM. DURING 2024, THE PASTORAL CARE TEAM CONNECTED WITH 156 INDIVIDUALS RECEIVING CRISIS FOOD ASSITANCE WHO SOUGHT SUPPORT BEYOND FOOD. THE PASTORAL CARE TEAM ALSO CONNECTED WITH 386 COMMUNITY MEMBERS WHO CAME TO US IN A FIANCIAL CRISIS. WE ALSO PARTICPATE IN VARIOUS OUTREACH AND EDUCATION OPPORTUNITIES IN OUR COMMUNITY. OUTREACH ENABLES US TO WORK WITH SURROUNDING COMMUNITY MEMBERS AND PARTNERS TO MEET THE NEEDS OF OUR COMMUNITY AS WELL AS EDUCATE HOW NRM SUPPORTS THE LOCAL COMMUNITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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