CONTINUOUS BLESSINGS FOUNDATION

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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

2008

Legal Domicile

Principal Officer

DABNEY ALDRIDGE

Phone

9198292089

Tax Period

2023-01-01 to 2023-12-31

CONTINUOUS BLESSINGS FOUNDATION, founded in 2008, is a micro nonprofit in the Youth Development sector that reported $37K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $42K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROMOTE AND BENEFIT THE LIVES AND HEALTH OF CHILDREN IN NORTH CAROLINA, INCLUDING THE UNDERPRIVILEGED, BY PROVIDING OPPORTUNITIES TO ENGAGE IN COMPETITIVE AMATEUR SPORTS.

Program Service Accomplishments

Program 1

THE CONTINUOUS BLESSINGS FOUNDATION SPONSORED THE FELLOWSHIP OFCHRISTIAN ATHLETES PROGRAM WHICH ALLOWS UNDERPRIVILEGED CHILDRENTHE OPPORTUNITY TO PARTICIPATE IN AMATEUR ATHLETIC COMPETITION.

Program 2

THE CONTINUOUS BLESSINGS FOUNDATION SPONSORED THE ZEBULON BOYS AND GIRLS CLUB PROGRAM WHICH ALLOWS UNDERPRIVILEGED CHILDREN THE OPPORTUNITY TO PARTICIPATE IN AMATEUR ATHLETIC COMPETITION.

Program 3

THE CONTINUOUS BLESSINGS FOUNDATION SPONSORED THE FRIENDS OF THEWAKE COUNTY GUARDIAN AD LITEM PROGRAM WHICH SUPPORTS THE CHILDVICTIMS OF ABUSE AND NEGLECT BY PROVIDING ENRICHMENT OPPORTUNITYFUNDS AND NEEDED ITEMS FOR IMPOVERISHED CHILDREN INCLUDING ONES INFOSTER CARE, OUT-OF-HOME KINSHIP PLACEMENTS, FAMILIES WORKING HARDTO BREAK THE CYCLE OF POVERTY, AND YOUTH WHO HAVE AGED OUT OFFOSTER CARE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $25,115

Program Service Revenue $0

Investment Income $144

Other Revenue $12,157

TOTAL REVENUE $37,416

Expense Breakdown

Grants Paid $39,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,500

Other Expenses $2,319

TOTAL EXPENSES $41,819

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,416	$26,403	+0.4%
Expenses	$41,819	$37,273	+0.1%
Net Income	$-4,403	$-10,870	-0.6%

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

N/A

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
PLAYER BAREFOOT	DIRECTOR	2.00	Director	$0	$0	$0
ROMY BAREFOOT	DIRECTOR	2.00	Director	$0	$0	$0
DABNEY ALDRIDGE	DIRECTOR	2.00	Director	$0	$0	$0
HUNTER GROVE	DIRECTOR	2.00	Director	$0	$0	$0
RONNIE GROVE	DIRECTOR	2.00	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
2023	$37,416	$41,819	$45,069	$-4,403
2022	$26,403	$37,273	$49,472	$-10,870
2021	$77,113	$37,428	$60,342	$39,685
2020	$10,664	$16,046	$20,657	$-5,382
2019	$27,252	$34,173	$26,039	$-6,921
2018	$22,379	$31,181	$32,960	$-8,802