CHATHAM OUTREACH ALLIANCE INC

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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

1989

Legal Domicile

Principal Officer

MELISSA BEARD

Phone

9195425020

Tax Period

2023-07-01 to 2024-06-30

CHATHAM OUTREACH ALLIANCE INC, founded in 1989, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2023. Expenses of $3.3M left a modest 4% surplus.

Mission

CORA IS A NONPROFIT ORGANIZATION THAT SERVES RESIDENTS FACING FOOD INSECURITY. CORA PROVIDES ACCESS TO NUTRITIOUS FOOD THROUGH ITS CHOICE FOOD PANTRY, MOBILE MARKETS, AND SPECIALIZED PROGRAMS LIKE SNACK! AND CORAPACKS, WHICH FOCUS ON MEETING THE NEEDS OF CHILDREN. LAST YEAR, CORA DISTRIBUTED 1.8 MILLION MEALS TO NEARLY 13,000 INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $2,528,046 Revenue: $220

CORA'S CHOICE FOOD PANTRY SUPPORTS INDIVIDUALS AND FAMILIES FACING FOOD INSECURITY IN CHATHAM COUNTY. SET UP LIKE A GROCERY STORE, THE PANTRY ALLOWS CLIENTS TO CHOOSE FOODS THAT SUIT THEIR NEEDS...

CORA'S CHOICE FOOD PANTRY SUPPORTS INDIVIDUALS AND FAMILIES FACING FOOD INSECURITY IN CHATHAM COUNTY. SET UP LIKE A GROCERY STORE, THE PANTRY ALLOWS CLIENTS TO CHOOSE FOODS THAT SUIT THEIR NEEDS, PROVIDING ENOUGH FOR 21 MEALS PER FAMILY MEMBER AT EACH VISIT. THIS CLIENT CHOICE MODEL PROMOTES DIGNITY, NUTRITIONAL VARIETY, AND COMMUNITY ENGAGEMENT. IN 2023/2024, THE PANTRY PROVIDED OVER 950,000 MEALS TO OVER 3,00 FAMILIES ACROSS THE COUNTY.

Program 2

Expenses: $190,163

THE SUMMER NUTRITIONAL ASSISTANCE FOR CHATHAM KIDS (SNACK) PROGRAM ENSURES THAT CHILDREN WHO RELY ON FREE OR REDUCED-PRICE SCHOOL MEALS CAN ACCESS NUTRITIOUS FOOD DURING THE SUMMER MONTHS. IT...

THE SUMMER NUTRITIONAL ASSISTANCE FOR CHATHAM KIDS (SNACK) PROGRAM ENSURES THAT CHILDREN WHO RELY ON FREE OR REDUCED-PRICE SCHOOL MEALS CAN ACCESS NUTRITIOUS FOOD DURING THE SUMMER MONTHS. IT SUPPLIES FAMILIES WITH ENOUGH HEALTHY FOOD TO COVER EACH CHILD'S BREAKFAST, LUNCH, DINNER, AND SNACKS, REDUCING THE BURDEN OF INCREASED FOOD COSTS WHEN SCHOOL IS OUT. IN THE SUMMER OF 2023, WE SERVED 1,312 CHILDREN WITH OVER 192,000 MEALS.

Program 3

Expenses: $95,648

CORA'S MOBILE MARKET BRINGS NUTRITIOUS FOOD DIRECTLY TO CHATHAM COUNTY RESIDENTS FACING FOOD INSECURITY, REACHING THOSE IN FOOD DESERTS OR WITH LIMITED ACCESS TO HEALTHY FOOD. USING A DRIVE-THROUGH MODEL, IT PROVIDES FAMILIES WITH PRE-PACKED GROCERIES THAT INCLUDE FRESH PRODUCE, MEATS, DAIRY, BAKERY ITEMS, AND STAPLES. EACH VISIT OFFERS ENOUGH FOOD FOR 21 MEALS PER PERSON. IN 2023/2024, THE MOBILE MARKET PROVIDED 171,000 MEALS.

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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 $3,351,744

Program Service Revenue $0

Investment Income $41,501

Other Revenue $16,407

TOTAL REVENUE $3,409,652

Expense Breakdown

Grants Paid $0

Salaries & Benefits $680,800

Fundraising Expenses $123,595

Program Expenses $2,902,496

Other Expenses $2,590,166

TOTAL EXPENSES $3,270,966

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,409,652	$3,300,866	+0.0%
Expenses	$3,270,966	$3,003,088	+0.1%
Net Income	$138,686	$297,778	-0.5%

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

Volunteers

383

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

$118,499

Total Directors