CAREFIRST CAROLINA FOUNDATION

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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

Principal Officer

MARK SOBISKI

Phone

8433323422

Tax Period

2024-06-01 to 2025-05-31

CAREFIRST CAROLINA FOUNDATION, founded in 2003, is a small nonprofit in the Health Care sector that reported $563K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $491K left a modest 13% surplus.

Mission

THE MISSION OF CAREFIRST CAROLINA IS TO SERVE AS A CONDUIT OF SUPPORT AND INVESTMENT THAT ENHANCES CARESOUTH CAROLINA'S, A 501(C)3 ORGANIZATION EMPLOYER, IDENTIFICATION NUMBER 57-0664826) EFFORTS TO IMPROVE LIVES.

Program Service Accomplishments

Program 1

Expenses: $110,810

DIRECT FINANCIAL SUPPORT PROVIDED TO CARESOUTH CAROLINA A 501(C)3 ORGANIZATION EIN 57-0664826

Program 2

Expenses: $46,107

DIRECT FINANCIAL ASSISTANCE PROVIDED SO THAT INDIVIDUALS CAN OBTAIN MEDICAL AND DENTAL SERVICES FROM CARESOUTH CAROLINA A 501(C)3 ORGANIZATION EIN 57- 0664826

Program 3

Expenses: $321,843

PAYMENTS MADE TO PEE DEE REGIONAL TRANSIT AUTHORITY TO PROVIDE FREE BUS TRANSPORTATION TO ECONOMICALLY DISADVANTAGED INDIVIDUALS SO THAT THOSE INDIVIDUALS CAN HAVE ACCESS TO MEDICAL APPOINTMENTS...

PAYMENTS MADE TO PEE DEE REGIONAL TRANSIT AUTHORITY TO PROVIDE FREE BUS TRANSPORTATION TO ECONOMICALLY DISADVANTAGED INDIVIDUALS SO THAT THOSE INDIVIDUALS CAN HAVE ACCESS TO MEDICAL APPOINTMENTS, BANKING, AND RETAIL COMMERCE.

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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 $521,506

Program Service Revenue $0

Investment Income $8,231

Other Revenue $33,508

TOTAL REVENUE $563,245

Expense Breakdown

Grants Paid $468,573

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $478,760

Other Expenses $22,777

TOTAL EXPENSES $491,350

Year-over-Year Comparison

	2024	2023	Change
Revenue	$563,245	$457,145	+0.2%
Expenses	$491,350	$346,933	+0.4%
Net Income	$71,895	$110,212	-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

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
ENNIS BRYANT	DIRECTOR	N/A	Director	$0	$0	$0
KAREN CURRIN CPA	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
FLOSSIE JACKSON	DIRECTOR	N/A	Officer Director	$0	$0	$0
LEON JOHNSON	DIRECTOR	N/A	Director	$0	$0	$0
ANN LEWIS	DIRECTOR	N/A	Director	$0	$0	$0
MARY MACK	PRESIDENT	N/A	Officer Director	$0	$0	$0
JANICE ROZIER	DIRECTOR	N/A	Director	$0	$0	$0
KAREN SHORT	DIRECTOR	N/A	Director	$0	$0	$0
DR NAIDA L SINGLETON	DIRECTOR	N/A	Director	$0	$0	$0
MARK SOBISKI	FOUNDATION D	N/A	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	$563,245	$491,350	$569,299	$71,895
2024	No data	No data	No data	No data
2023	$359,527	$355,776	$390,541	$3,751
2022	$404,995	$388,186	$394,452	$16,809
2021	$499,359	$486,948	$385,016	$12,411
2020	$324,467	$221,044	$351,809	$103,423
2019	$188,625	$173,005	$253,142	$15,620
2018	$216,767	$147,773	$234,628	$68,994