CAROLINAEAST FOUNDATION

EIN: 561991164 501(c)(3) Health Care

NEW BERN, NC

Total Revenue
$1,614,365
Total Expenses
$1,532,932
Total Assets
$4,400,114
Net Assets
$4,151,645
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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
1996
Legal Domicile
NC
Principal Officer
JARED BRINKLEY
Phone
2526338247
Tax Period
2023-07-01 to 2024-06-30

CAROLINAEAST FOUNDATION, founded in 1996, is a community nonprofit in the Health Care sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 5% surplus.

Mission

PROMOTE HEALTH IN OUR REGION, SUPPORT THE HEALTHCARE COMMUNITY, ASSIST INDIVIDUALS WITH HEALTHCARE

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,256,940
Program Service Revenue $265,213
Investment Income $92,212
Other Revenue $0
TOTAL REVENUE $1,614,365

Expense Breakdown

Grants Paid $882,841
Salaries & Benefits $0
Fundraising Expenses $83,930
Program Expenses $1,316,389
Other Expenses $650,091
TOTAL EXPENSES $1,532,932

Year-over-Year Comparison

2023 2022 Change
Revenue $1,614,365 $1,336,616 +0.2%
Expenses $1,532,932 $1,668,519 -0.1%
Net Income $81,433 $-331,903 -1.2%
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

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Governance

Voting Members
20
Independent Members
20
Employees
N/A
Volunteers
N/A

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
4
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATIE GILES BOARD MEMBER 2.00
Director
$0 $0 $0
KELLI BILLINGSLEY BOARD MEMBER 2.00
Director
$0 $0 $0
TIFFANY DOVE BOARD MEMBER 3.00
Director
$0 $0 $0
NICK MITCHELL BOARD MEMBER 2.00
Director
$0 $0 $0
KIM HESS BOARD MEMBER 2.00
Director
$0 $0 $0
ROBERT MATTOCKS BOARD MEMBER 2.00
Director
$0 $0 $0
MIT MCLEAN BOARD MEMBER 2.00
Director
$0 $0 $0
SUSAN MOFFAT-THOMAS BOARD MEMBER 2.00
Director
$0 $0 $0
COREY PURDIE BOARD MEMBER 3.00
Director
$0 $0 $0
ERIC REMINGTON BOARD MEMBER 2.00
Director
$0 $0 $0
TAMMY FEREBEE BOARD MEMBER 2.00
Director
$0 $0 $0
CHARLES UTZ BOARD MEMBER 2.00
Director
$0 $0 $0
THOMAS WILSON BOARD MEMBER 2.00
Director
$0 $0 $0
KATIE MILLER BOARD MEMBER 2.00
Director
$0 $0 $0
ELENA SANDERS BOARD MEMBER 2.00
Director
$0 $0 $0
CAMPBELL TAYLOR BOARD MEMBER 2.00
Director
$0 $0 $0
SCOTT GRIGGS CHAIRMAN 3.00
Officer
$0 $0 $0
JIM MORRISON TREASURER 3.00
Officer
$0 $0 $0
JOE PETERS VICE CHAIRMAN 3.00
Officer
$0 $0 $0
SCOTT GRANTHAM SECRETARY 3.00
Officer
$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 No data No data No data No data
2024 $1,614,365 $1,532,932 $4,400,114 $81,433
2023 $1,336,616 $1,668,519 $4,156,959 $-331,903
2022 $1,385,574 $1,034,373 $4,134,984 $351,201
2021 $1,814,887 $1,716,893 $4,311,196 $97,994
2020 $1,930,509 $3,474,924 $4,086,110 $-1,544,415
2019 $1,840,303 $4,154,393 $5,647,358 $-2,314,090
2018 $2,623,460 $4,297,030 $8,057,978 $-1,673,570
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