BREAK THE CYCLE FOUNDATION- BUILT ON THE CORNERSTONE OF CHRIST

EIN: 455025660 501(c)(3) Human Services

NORTH CHARLESTON, SC

Total Revenue
$127,253
Total Expenses
$148,549
Total Assets
$29,556
Net Assets
$29,556
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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
2013
Legal Domicile
SC
Principal Officer
NADINE CARMOM
Phone
8432123949
Tax Period
2023-01-01 to 2023-12-31

BREAK THE CYCLE FOUNDATION- BUILT ON THE CORNERSTONE OF CHRIST, founded in 2013, is a small nonprofit in the Human Services sector that reported $127K in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $149K exceeded revenue, resulting in a 17% operating deficit.

Mission

ELEEMOSYNARY PUBLIC CHARITY VIA FREE CLOTHES, FOOD, SHOWERS AND FINANCIAL ASSISTANCE

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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 (2023)

Revenue Breakdown

Contributions & Grants $14,494
Program Service Revenue $0
Investment Income $0
Other Revenue $112,759
TOTAL REVENUE $127,253

Expense Breakdown

Grants Paid $6,501
Salaries & Benefits $38,570
Fundraising Expenses $0
Program Expenses $6,501
Other Expenses $103,478
TOTAL EXPENSES $148,549

Year-over-Year Comparison

2023 2022 Change
Revenue $127,253 $212,637 -0.4%
Expenses $148,549 $261,560 -0.4%
Net Income $-21,296 $-48,923 -0.6%
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
3
Independent Members
N/A
Employees
7
Volunteers
35

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NADINE CARMON CEO 50
Officer
$0 $0 $0
SUSANNE GROSE SECRETARY 8
Officer
$0 $0 $0
MICHELLE LEWIS CFO 0
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
2023 $127,253 $148,549 $29,556 $-21,296
2022 $212,637 $261,560 $47,420 $-48,923
2021 $318,817 $311,411 $187,384 $7,406
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