CAROLINA FAMILY CONNECTIONS (EIN 205541568) - 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

2006

Legal Domicile

Phone

7045689753

Tax Period

2024-07-01 to 2025-06-30

CAROLINA FAMILY CONNECTIONS, founded in 2006, is a small nonprofit in the Human Services sector that reported $767K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $844K exceeded revenue, resulting in a 10% operating deficit.

Mission

RECRUIT AND TRAIN AND LICENSE FOSTER PARENTS TO RECEIVE FOSTER CHILDREN FROM COUNTY GOVERNMENT AGENCIES.

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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 $0

Program Service Revenue $767,149

Investment Income $0

Other Revenue $0

TOTAL REVENUE $767,149

Expense Breakdown

Grants Paid $0

Salaries & Benefits $424,345

Fundraising Expenses $0

Program Expenses $714,351

Other Expenses $419,936

TOTAL EXPENSES $844,281

Year-over-Year Comparison

	2024	2023	Change
Revenue	$767,149	$813,770	-0.1%
Expenses	$844,281	$733,726	+0.2%
Net Income	$-77,132	$80,044	-2.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEREK J HODGSON	CHAIRMAN	2.00	Officer Director	$0	$0	$0
ZEKE NOLAN	VIDE CHAIR	0.00	Officer Director	$0	$0	$0
JOHNNY JENNINGS	DIRECTOR	0.00	Director	$0	$0	$0
TENIEKA FUNDERBURK	DIRECTOR	0.00	Director	$0	$0	$0
PATRICK JONES	DIRECTOR	0.00	Director	$0	$0	$0
LAINE CLONTZ	PRESIDENT	40.00	Officer	$0	$0	$0
RITCHIE MELCHOR	VICE PRESIDENT	40.00	Officer	$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	$767,149	$844,281	$139,999	$-77,132
2024	$813,770	$733,726	$217,925	$80,044
2023	$585,910	$581,358	$93,427	$4,552
2021	$585,910	$503,888	$93,427	$82,022
2020	$585,910	$562,788	$81,697	$23,122
2018	$787,129	$865,020	$105,105	$-77,891

CAROLINA FAMILY CONNECTIONS