Coastal Connect Inc (EIN 320304211) - 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

2010

Legal Domicile

Principal Officer

Amy Messier

Phone

9103328013

Tax Period

2022-10-01 to 2023-09-30

Coastal Connect Inc, founded in 2010, is a small nonprofit in the Health Care sector that reported $222K in total revenue in fiscal year 2022. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $861K exceeded revenue, resulting in a 289% operating deficit.

Mission

To securely connect health care providers in and around Southeastern North Carolina by way of electronic medical information sharing and increase the efficiency of patient care along with the ability to diagnose and treat in a timely manner, decreasing the number of unnecessary tests and procedures and minimizing clinical errors.

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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 (2022)

Revenue Breakdown

Contributions & Grants $219,712

Program Service Revenue $0

Investment Income $450

Other Revenue $1,430

TOTAL REVENUE $221,592

Expense Breakdown

Grants Paid $0

Salaries & Benefits $240,654

Fundraising Expenses $2,406

Program Expenses $741,619

Other Expenses $620,698

TOTAL EXPENSES $861,352

Year-over-Year Comparison

	2022	2021	Change
Revenue	$221,592	$1,778,794	-0.9%
Expenses	$861,352	$1,747,444	-0.5%
Net Income	$-639,760	$31,350	-21.4%

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

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
Dr Amy Messier	Chair	4.00	Officer Director	$0	$0	$0
Dr Joe Pino	Vice Chair	4.00	Officer Director	$0	$0	$0
Dr Bryan Weckel	Treasurer	4.00	Officer Director	$0	$0	$0
Jo Malfitano	Secretary	4.00	Officer Director	$0	$0	$0
Kenny House	Director	4.00	Director	$0	$0	$0
Allen Gray	Director	4.00	Director	$0	$0	$0
Angela Ives	Director	4.00	Director	$0	$0	$0
Lynda Stanley	Director	4.00	Director	$0	$0	$0
James McLeod	Director	4.00	Director	$0	$0	$0
Joe Norris	Director	4.00	Director	$0	$0	$0
Lori Dove	Director	4.00	Director	$0	$0	$0
Yvonne Hughes	CEO	40.00	Officer Director	$0	$0	$0
Jeff James	Director	4.00	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	$221,592	$861,352	$219,208	$-639,760
2022	$1,778,794	$1,747,444	$966,366	$31,350
2021	$1,787,494	$1,707,433	$885,265	$80,061
2020	$1,826,036	$1,882,232	$827,690	$-56,196
2019	$1,877,459	$1,870,944	$926,554	$6,515

Coastal Connect Inc