FAMILY RESOURCE CENTER SOUTH ATLANTIC

EIN: 201257901 501(c)(3) Human Services

Raleigh, NC

Total Revenue
$1,147,626
Total Expenses
$1,107,404
Total Assets
$180,446
Net Assets
$105,575
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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
2004
Legal Domicile
NC
Principal Officer
Betty M Corbett
Phone
9198349300
Tax Period
2024-07-01 to 2025-06-30

FAMILY RESOURCE CENTER SOUTH ATLANTIC, founded in 2004, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $1.1M left a modest 4% surplus.

Mission

THE FAMILY RESOURCE CENTER SOUTH ATLANTIC (FRCSA) DELIVERS EFFECTIVE AND QUALITY SERVICES FOR NC COMMUNITIES PROVIDING PREVENTION AND INTERVENTION SERVICES TO STRENGTHEN FAMILIES AND COMMUNITIES TO ULTIMATELY HELP INDIVIDUALS AND FAMILIES ACHIEVE SELF-SUFFICIENTY. MOST SIGNIFICANT ACTIVITIES INCLUDE EARLY CHILDHOOD EDUCATION, REENTRY SUPPORT, SUPPORT FOR FAMILIES WITH SPECIAL NEEDS CHILDREN, SUPPORT FOR FAMILIES SUFFERING FROM THE PANDEMIC, AND RESPONSIBLE FATHERHOOD.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,147,626
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,147,626

Expense Breakdown

Grants Paid $0
Salaries & Benefits $803,923
Fundraising Expenses $0
Program Expenses $823,579
Other Expenses $303,481
TOTAL EXPENSES $1,107,404

Year-over-Year Comparison

2024 2023 Change
Revenue $1,147,626 $1,310,942 -0.1%
Expenses $1,107,404 $1,327,895 -0.2%
Net Income $40,222 $-16,953 -3.4%
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

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Governance

Voting Members
4
Independent Members
4
Employees
22
Volunteers
1

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
0
$0
Total Directors
5
$19,875
Key Employees
1
$19,875
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VANESSA HICKMON EXECUTIVE DIRECTION 40
Director Key Emp
$19,875 $0 $19,875
BETTY M CORBETT BOARD CHAIR 2
Director
$0 $0 $0
SANDRA CASSIDY BOARD MEMBER 2
Director
$0 $0 $0
MELVIN JACKSON BOARD MEMBER 2
Director
$0 $0 $0
LINDA JOHNSON SPENCE BOARD MEMBER 2
Director
$0 $0 $0
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
2025 $1,147,626 $1,107,404 $180,446 $40,222
2024 $1,310,942 $1,327,895 $155,578 $-16,953
2023 $1,311,321 $1,526,366 $161,732 $-215,045
2022 $1,833,822 $1,857,827 $298,993 $-24,005
2021 $2,260,698 $1,955,000 $330,152 $305,698
2020 $2,172,226 $2,214,952 $161,157 $-42,726
2019 $2,309,561 $2,286,707 $203,493 $22,854
2018 $2,259,517 $2,249,385 $156,815 $10,132
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