COTS Ministries of North Carolina Inc

EIN: 364523055 501(c)(3) Housing & Shelter

Matthews, NC

Total Revenue
$98,293
Total Expenses
$75,275
Total Assets
$669,597
Net Assets
$669,597
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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
2003
Legal Domicile
NC
Principal Officer
David A Taylor
Phone
7046619566
Tax Period
2025-01-01 to 2025-12-31

COTS Ministries of North Carolina Inc, founded in 2003, is a micro nonprofit in the Housing & Shelter sector that reported $98K in total revenue in fiscal year 2025. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $23K, a strong 23% operating margin.

Mission

Provide food and ministry to homeless and working poor in inner-city Charlotte, NC

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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 (2025)

Revenue Breakdown

Contributions & Grants $52,400
Program Service Revenue $0
Investment Income $45,893
Other Revenue $0
TOTAL REVENUE $98,293

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $75,275
Other Expenses $75,275
TOTAL EXPENSES $75,275

Year-over-Year Comparison

2025 2024 Change
Revenue $98,293 $77,554 +0.3%
Expenses $75,275 $42,503 +0.8%
Net Income $23,018 $35,051 -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
4
Employees
N/A
Volunteers
100

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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Taylor President 20.00
Officer Director
$0 $0 $0
Frank Signa Secretary 20.00
Officer Director
$0 $0 $0
Peter Prakash Treasurer 20.00
Officer Director
$0 $0 $0
Arnold Radcliff Board Member 20.00
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
2025 $98,293 $75,275 $669,597 $23,018
2024 $77,554 $42,503 $622,123 $35,051
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