Cabarrus Cooperative Christian Ministry

EIN: 561320818 501(c)(3)

Concord, NC

Total Revenue
$8,189,880
Total Expenses
$7,554,575
Total Assets
$20,744,844
Net Assets
$18,570,276
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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
NC
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.

Program Service Accomplishments

Program 1
Expenses: $3,957,025 Revenue: $1,660,668

Housing Programs: Families that are deprived of safe and affordable housing cannot adequately store and prepare food, sustain proper hygiene or achieve adequate sleep, make routine medical...

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Housing Programs: Families that are deprived of safe and affordable housing cannot adequately store and prepare food, sustain proper hygiene or achieve adequate sleep, make routine medical appointments, or even maintain a regimen of proper medications.They cannot support the tasks necessary to encourage success in school or performance in the workplace, and they cannot establish the stability to participate in after-school activities or community life. The largest population of growth among the homeless in Cabarrus County is families with children, while the fastest growing homeless population is senior adults. CCMs housing programs served 21 families this year (including 45 children), providing safe housing, nutritious meals, tutoring for students, educational and training opportunities for parents, and case management resources to resident families. 90% of these families progressed within our model or moved to other safe/stable housing, and 74% of the families improved their household financial status. CCM restores hope in the lives of individuals and families facing hardship due to adverse life circumstances. CCMs food and financial services provide relief, in a Christ-centered environment, while our structured housing program guides families towards personal and financial stability.

Program 2
Expenses: $2,399,435

Food Assistance: CCM recognizes food insecurity creates stress in nay household that distracts families from activities that would otherwise improve health and everyday stability. Alternatively...

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Food Assistance: CCM recognizes food insecurity creates stress in nay household that distracts families from activities that would otherwise improve health and everyday stability. Alternatively, children, especially those 0-5 that benefit from good nutrition more often experience healthy cognitive development leading to improved household stability.CCMs network of food pantries provides access to nutritious food within 15 minutes of all Cabarrus County residents. This network, combined with a series of mobile food pantries, distributed groceries to 85,812 people this year (including 27,312 children), totaling 1,146,400 pounds of food. Our evening meal program also served nearly 11,060 prepared meals to individuals and families in Cabarrus County.

Program 3
Expenses: $599,774

Financial Assistance; The cycle of loss begins with loss of choices; which, to the one in crisis, feels like loss of control. It spirals quickly to loss of food security, and then loss of stability...

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Financial Assistance; The cycle of loss begins with loss of choices; which, to the one in crisis, feels like loss of control. It spirals quickly to loss of food security, and then loss of stability with monthly bills, as the cycle accelerates towards loss of utilities and loss of housing. CCMs financial services division is designed to intervene in the cycle of loss before it gains momentum. Initial contact through our online inquiry module and/or visits to our food pantries provides opportunity to address utility cut-off warnings or eviction notices before that cycle amplifies. Last year, 503 households (1,360 individuals) avoided utility cut-offs and / or evictions through CCMs financial services. CCMs comprehensive approach recognizes barriers to access in at least seven sectors of our local economy and community life. Our collaborative services model leverages the strengths of our local services network to remove barriers and provide access to vital resources in the community.

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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 (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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Governance

Voting Members
14
Independent Members
14
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
5
$112,349
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
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
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