MIDWAYS OPPORTUNITY HOUSE

EIN: 300644342 501(c)(3) Youth Development

CONCORD, NC

Total Revenue
$328,552
Total Expenses
$249,654
Total Assets
$408,741
Net Assets
$195,176
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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
Phone
7045605536
Tax Period
2024-01-01 to 2024-12-31

MIDWAYS OPPORTUNITY HOUSE, founded in 2009, is a small nonprofit in the Youth Development sector that reported $329K in total revenue in fiscal year 2024. The organization ran a surplus of $79K, a strong 24% operating margin.

Mission

TO SERVE THE HOMELESS BY PROVIDING A DAY SHELTER AND AUXILIARY SERVICE

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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 $328,552
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $328,552

Expense Breakdown

Grants Paid $0
Salaries & Benefits $155,633
Fundraising Expenses $1,556
Program Expenses $22,671
Other Expenses $94,021
TOTAL EXPENSES $249,654

Year-over-Year Comparison

2024 2023 Change
Revenue $328,552 N/A N/A
Expenses $249,654 N/A N/A
Net Income $78,898 N/A N/A
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
14
Independent Members
7
Employees
6
Volunteers
9

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
1
$0
Total Directors
2
$186,500
Key Employees
2
$48,424
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIMANI VARNER EXECUTIVE DIRECTOR 30.00
Director
$62,500 $0 $125,000
THAD BROWN PASTOR OPERATIONS DIR 20.00
Director
$30,750 $0 $61,500
KATHY ROWLANDS FOOD MANAGER 20.00
Key Emp
$14,000 $0 $28,000
TERRIE OUTEN TREASURER 20.00
Key Emp
$10,212 $0 $20,424
KATHY SMITH PRESIDENT 1.00
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 $328,552 $249,654 $408,741 $78,898
2024 No data No data No data No data
2023 $405,973 $428,847 $420,470 $-22,874
2022 $404,808 $344,158 $452,587 $60,650
2020 $270,787 $221,812 $411,085 $48,975
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