DURHAMCARES INC (EIN 262689130) - 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

2008

Legal Domicile

Principal Officer

Clark R Chapman

Phone

9199728502

Tax Period

2024-01-01 to 2024-12-31

DURHAMCARES INC, founded in 2008, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $437K in total revenue in fiscal year 2024. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $541K exceeded revenue, resulting in a 24% operating deficit.

Mission

Help Durham residents love neighbors.

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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 $383,739

Program Service Revenue $43,530

Investment Income $9,777

Other Revenue $0

TOTAL REVENUE $437,046

Expense Breakdown

Grants Paid $0

Salaries & Benefits $137,740

Fundraising Expenses $0

Program Expenses $490,544

Other Expenses $402,959

TOTAL EXPENSES $540,699

Year-over-Year Comparison

	2024	2023	Change
Revenue	$437,046	$998,119	-0.6%
Expenses	$540,699	$403,990	+0.3%
Net Income	$-103,653	$594,129	-1.2%

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
Catherine Watson	Board Chair	1.00	Officer Director	$0	$0	$0
Joye Speight	Board Director	1.00	Director	$0	$0	$0
Valerie Helbert	Board Director	1.00	Director	$0	$0	$0
Tamario Howze	Board Director	1.00	Director	$0	$0	$0
Tanya Johnson	Board Director	1.00	Director	$0	$0	$0
Evan Cate	Treasurer	2.00	Officer Director	$0	$0	$0
Jilian Palmer	Board Director	1.00	Director	$0	$0	$0
Erika Starke	Board Director	1.00	Director	$0	$0	$0
Clark R Chapman	Executive Director	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
2024	$437,046	$540,699	$626,301	$-103,653
2023	$998,119	$403,990	$727,241	$594,129
2022	$311,586	$278,779	$134,750	$32,807

DURHAMCARES INC