REFUGEE SUPPORT SERVICES OF THE CAROLINAS INC (EIN 205972063) - 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

2007

Legal Domicile

Principal Officer

ANNA EATON

Phone

7044583245

Tax Period

2024-01-01 to 2024-12-31

REFUGEE SUPPORT SERVICES OF THE CAROLINAS INC, founded in 2007, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 3% surplus.

Mission

TO ASSIST REFUGEES, FORMER REFUGEES, ASYLEES, SPECIAL IMMIGRANTS, HUMANITARIAN PAROLEES, THEIR RESPECTIVE FAMILIES, AND THE GREATER CHARLOTTE COMMUNITY TO CULTIVATE INDIVIDUAL AUTONOMY AND COLLECTIVE SOCIAL CAPITAL

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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 $1,494,985

Program Service Revenue $600

Investment Income $6,794

Other Revenue $4,608

TOTAL REVENUE $1,506,987

Expense Breakdown

Grants Paid $455,196

Salaries & Benefits $677,825

Fundraising Expenses $36,252

Program Expenses $1,253,869

Other Expenses $324,854

TOTAL EXPENSES $1,457,875

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,506,987	$1,171,704	+0.3%
Expenses	$1,457,875	$1,168,615	+0.2%
Net Income	$49,112	$3,089	+14.9%

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

211

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

$89,566

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON HAYNES	EXECUTIVE DIRECTOR	40	Officer	$52,500	$0	$52,500
LINDSAY LAPLANTE	EXECUTIVE DIRECTOR	40	Officer	$37,066	$0	$37,066
HUY VU	BOARD MEMBER	4	Director	$0	$0	$0
VICTORIA OLSZOWY	BOARD MEMBER	2	Director	$0	$0	$0
BARRY FENWICK	BOARD MEMBER	2	Director	$0	$0	$0
EMILY CANTRELL	SECRETARY	2	Officer Director	$0	$0	$0
TOM HUNLEY	CHAIR	2	Officer Director	$0	$0	$0
CLARE WESLEY	TREASURER	2	Officer Director	$0	$0	$0
NOAH POLLACK	VICE CHAIR	4	Officer Director	$0	$0	$0
ALEXIS IFFERT	BOARD MEMBER	2	Director	$0	$0	$0
NIMISHA SRIVASTAVA	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
2024	$1,506,987	$1,457,875	$776,858	$49,112
2023	$1,171,704	$1,168,615	$665,661	$3,089
2022	$785,354	$764,890	$626,556	$20,464
2021	$705,214	$619,812	$562,514	$85,402
2020	$935,166	$711,418	$456,230	$223,748
2019	$478,250	$453,721	$205,915	$24,529

REFUGEE SUPPORT SERVICES OF THE CAROLINAS INC