Cabarrus Cooperative Christian Ministry (EIN 561320818) - 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

1981

Legal Domicile

Principal Officer

Edison McCrea

Phone

7047069047

Tax Period

2024-07-01 to 2025-06-30

Cabarrus Cooperative Christian Ministry, founded in 1981, is a community nonprofit that reported $8.2M in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $7.6M left a modest 8% surplus.

Mission

To respond to the growing need in our community by providing immediate assistance to residents of Concord, Kannapolis, and Cabarrus County, NC who are experiencing crisis in the areas of food, shelter or finances while providing them access to resources that will empower them to move beyond crisis.

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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 $6,490,250

Program Service Revenue $1,510,592

Investment Income $0

Other Revenue $189,038

TOTAL REVENUE $8,189,880

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,296,736

Fundraising Expenses $466,867

Program Expenses $6,956,234

Other Expenses $4,257,839

TOTAL EXPENSES $7,554,575

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,189,880	$15,487,410	-0.5%
Expenses	$7,554,575	$6,134,428	+0.2%
Net Income	$635,305	$9,352,982	-0.9%

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

117

Volunteers

1111

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

$112,349

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ed Hosack	Chief Executive	40.00	Officer	$109,007	$3,342	$112,349
Don Foskey	Director	1.00	Director	$0	$0	$0
Autry Dawsey	Director	1.00	Director	$0	$0	$0
Rolanda Patrick	Director	1.00	Director	$0	$0	$0
Nancy Friend	Secretary	2.00	Officer Director	$0	$0	$0
Doug Stafford	Vice President	2.00	Officer Director	$0	$0	$0
Irene Wong	Director	1.00	Director	$0	$0	$0
Joe Eaton	Director	1.00	Director	$0	$0	$0
Pastor Gwen Stowers	Director	1.00	Director	$0	$0	$0
Mark Novasad	Treasurer	2.00	Officer Director	$0	$0	$0
Edison McCrea	President	2.00	Officer Director	$0	$0	$0
Morgan Plume	Director	1.00	Director	$0	$0	$0
Diamond Staton-Williams	Director	1.00	Director	$0	$0	$0
Kim Bumgardner	Director	1.00	Director	$0	$0	$0
Jacqueline Tucker	Director	1.00	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	$8,189,880	$7,554,575	$20,744,844	$635,305
2024	$15,487,410	$6,134,428	$21,185,926	$9,352,982
2023	$9,821,582	$5,275,519	$8,451,475	$4,546,063
2022	$7,565,999	$6,835,029	$3,832,033	$730,970
2021	$4,767,314	$4,727,603	$3,288,308	$39,711
2020	$4,041,916	$3,714,326	$2,953,017	$327,590
2019	$3,114,944	$3,008,975	$2,597,122	$105,969
2018	$2,836,295	$2,839,664	$2,463,759	$-3,369

Cabarrus Cooperative Christian Ministry