KOINONIA COMMUNITY SOLUTIONS

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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

2014

Legal Domicile

Principal Officer

Watsi M Sutton

Phone

2527521898

Tax Period

2023-01-01 to 2023-12-31

KOINONIA COMMUNITY SOLUTIONS, founded in 2014, is a small nonprofit in the Human Services sector that reported $942K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

Building bridges of opportunity to the underserved in northeastern North Carolina through education, housing and economic empowerment.

Program Service Accomplishments

Program 1

Expenses: $794,496 Revenue: $29,202

YOUTH DEVELOPMENT through summer camps, after school programming, and college readiness events for youth in northeastern NC in grades K - 12. 1. Kids Excel Afterschool Programming provided 1,890...

YOUTH DEVELOPMENT through summer camps, after school programming, and college readiness events for youth in northeastern NC in grades K - 12. 1. Kids Excel Afterschool Programming provided 1,890 hours of academic support, leadership activities, vocational fun within an inclusive & supportive environment to 153 youth in grades K-5 attending 9 elementary schools in Pitt & Martin counties. 2. StrongHER Girls Empowerment Afterschool Programming is for strong girls by strong girls. The curriculum creates an environment of teamwork, kinship, and learning and provides STEM academic support, leadership development, vocational exploration, and more to 26 Pitt County young females attending A.G Cox Middle School. 3. Max Factor Afterschool Programs provide male mentoring, academic support, community service, and exposure encounters for educational & social enrichment to 30 young males in grades 3 - 8 attending Pitt County schools. 4. BIG Dream events helped numerous families of High School Juniors & Seniors to discover college options, apply for scholarships, and complete FAFSAs. 5. Summer Camp programs provided enrichment and educational opportunities to 106 youth.

Program 2

Expenses: $47,436 Revenue: $5,050

ECONOMIC EMPOWERMENT services provided job skills & work readiness training, resume workshops, connections to community resources, employment opportunities, and coaching towards long term stability to 212 individuals. Level Up Work Ready Series Events provided 124 job seekers, including those with barriers to employment, free training to help them become work-ready.

Program 3

Expenses: $0 Revenue: $0

...

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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 (2023)

Revenue Breakdown

Contributions & Grants $357,787

Program Service Revenue $583,304

Investment Income $0

Other Revenue $616

TOTAL REVENUE $941,707

Expense Breakdown

Grants Paid $0

Salaries & Benefits $760,589

Fundraising Expenses $14,701

Program Expenses $841,932

Other Expenses $220,503

TOTAL EXPENSES $981,092

Year-over-Year Comparison

	2023	2022	Change
Revenue	$941,707	$823,294	+0.1%
Expenses	$981,092	$559,717	+0.8%
Net Income	$-39,385	$263,577	-1.1%

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

104

Volunteers

104

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

$88,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Watsi Sutton	Executive Director	50	Key Emp	$88,000	$0	$88,000
Bishop Rosie O'Neal	Board Chair	1.25	Director	$0	$0	$0
Dr LaTonya Dixon	Board Vice-Chair	0.50	Director	$0	$0	$0
Sharon Alexander	Board Treasurer/Secretary	0.5	Director	$0	$0	$0
Anthony Hutchins	Board Member	0.5	Director	$0	$0	$0
Erma Burstion	Board Member	0.5	Director	$0	$0	$0
Shante Smith	Board Member	0.5	Director	$0	$0	$0
Arlene Gardner-Daniels	Board Member	0.5	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	$941,707	$981,092	$395,503	$-39,385
2022	$823,294	$559,717	$467,694	$263,577
2021	$190,733	$113,219	$93,902	$77,514
2020	$83,219	$84,437	$11,157	$-1,218
2019	$182,662	$180,855	$10,924	$1,807