DURHAM CHILDREN'S INITIATIVE (EIN 320263133) - 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

MICHAEL SEAMAN

Phone

9199088709

Tax Period

2024-07-01 to 2025-06-30

DURHAM CHILDREN'S INITIATIVE, founded in 2008, is a community nonprofit in the Youth Development sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 8% surplus.

Mission

DURHAM CHILDREN'S INITIATIVE PROVIDES A PIPELINE OF HIGH-QUALITY SERVICES FOR THE CHILDREN OF DURHAM. DCI DEVELOPS AND IMPLEMENTS A SYSTEMATIC CONTINUUM OF ACADEMIC, MENTORING, WORKPLACE, AND FAMILY SUPPORT PROGRAMS FOR DURHAM YOUTH WHICH MAXIMIZES THE USE OF RESOURCES.

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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 $1,836,933

Program Service Revenue $0

Investment Income $13,860

Other Revenue $0

TOTAL REVENUE $1,850,793

Expense Breakdown

Grants Paid $41,901

Salaries & Benefits $592,865

Fundraising Expenses $133,190

Program Expenses $1,392,180

Other Expenses $1,047,713

TOTAL EXPENSES $1,708,479

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,850,793	$1,218,097	+0.5%
Expenses	$1,708,479	$1,807,850	-0.1%
Net Income	$142,314	$-589,753	-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

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
ALESIA PERRY	SECRETARY	4.00	Officer Director	$0	$0	$0
ASMAE QAROUACH	DIRECTOR	4.00	Director	$0	$0	$0
KRISTY MARSHALL	DIRECTOR	4.00	Director	$0	$0	$0
ZACHARY PRAGER	TREASURER	4.00	Officer Director	$0	$0	$0
BRAD BRINEGAR	DIRECTOR	4.00	Director	$0	$0	$0
GARLAND GOINS	DIRECTOR	4.00	Director	$0	$0	$0
EVAN SITTON	CHAIR	4.00	Officer Director	$0	$0	$0
CHERYL PARQUET	DIRECTOR	4.00	Director	$0	$0	$0
PHILLIP GRAHAM	DIRECTOR	4.00	Director	$0	$0	$0
MICHAEL SEAMAN	INTERIM CEO	40.00	Officer	$0	$0	$0
CHARLEITA RICHARDSON	FORMER CEO	40.00		$134,547	$7,931	$142,478

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
2025	$1,850,793	$1,708,479	$2,246,600	$142,314
2024	$1,218,097	$1,807,850	$2,048,740	$-589,753
2023	$1,771,737	$2,377,206	$2,747,891	$-605,469
2022	$2,503,533	$2,680,087	$2,025,864	$-176,554
2021	$3,534,382	$2,957,188	$2,219,440	$577,194
2019	$2,006,904	$2,288,527	$1,837,987	$-281,623
2018	$2,080,592	$2,193,946	$2,094,311	$-113,354

DURHAM CHILDREN'S INITIATIVE