INFINITE POSSIBILITIES INC

EIN: 270784542 501(c)(3) Human Services

HENDERSON, NC

Total Revenue
$498,893
Total Expenses
$572,785
Total Assets
$122,716
Net Assets
$122,716
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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
2009
Legal Domicile
NC
Principal Officer
KANIKA TURRENTINE
Phone
2524311926
Tax Period
2024-01-01 to 2024-12-31

INFINITE POSSIBILITIES INC, founded in 2009, is a small nonprofit in the Human Services sector that reported $499K in total revenue in fiscal year 2024. Expenses of $573K exceeded revenue, resulting in a 15% operating deficit.

Mission

To promote growth,responsibility safety and self-sufficiency, victims of DV/SA headed by single mothers, at-risk youth and the homeless.

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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 $498,893
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $498,893

Expense Breakdown

Grants Paid $0
Salaries & Benefits $245,123
Fundraising Expenses $0
Program Expenses $386,704
Other Expenses $327,662
TOTAL EXPENSES $572,785

Year-over-Year Comparison

2024 2023 Change
Revenue $498,893 $468,704 +0.1%
Expenses $572,785 $567,943 +0.0%
Net Income $-73,892 $-99,239 -0.3%
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
3
Employees
6
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
4
$87,309
Total Directors
0
$0
Key Employees
1
$87,309
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KANIKA TURRENTINE EXECUTIVE DIRECTOR 60
Officer Key Emp Highest
$87,309 $0 $87,309
LATASHA CRUDUP BOARD MEMBER 1
Officer
$0 $0 $0
TERESA WINBROW BOARD MEMBER 1
Officer
$0 $0 $0
CARLA CARTER ROSE BOARD MEMBER 2
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 No data No data No data No data
2024 $498,893 $572,785 $122,716 $-73,892
2023 $468,704 $567,943 $202,605 $-99,239
2022 $499,406 $514,527 $301,809 $-15,121
2021 $366,226 $361,054 $375,850 $5,172
2020 $583,055 $305,648 $601,556 $277,407
2019 $324,088 $324,250 $174,250 $-162
2018 $304,899 $317,324 $174,412 $-12,425
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