CAROLINAEAST 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

1996

Legal Domicile

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 NEEDS.

Program Service Accomplishments

Program 1

Expenses: $1,316,389

WE EXTEND THE GIFT OF WELLNESS TO INDIVIDUALS, FAMILIES AND NONPROFIT HEALTHCARE ORGANIZATIONS IN CRAVEN, JONES, PAMLICO, CARTERET AND ONSLOW COUNTIES BY AWARDING GRANTS AND ASSISTANCE TO HELP THOSE...

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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 $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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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