White Oak Foundation Inc (EIN 562093795) - 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

1998

Legal Domicile

Principal Officer

Rev Charles Tyner

Phone

9193626799

Tax Period

2023-01-01 to 2023-12-31

White Oak Foundation Inc, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $677K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $840K exceeded revenue, resulting in a 24% operating deficit.

Mission

To serve our community by providing a caring and nurturing environment through community outreach programming that addresses and resolves the educational, socio-economic, housing, and professional needs of people.

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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 $522,068

Program Service Revenue $35,676

Investment Income $379

Other Revenue $119,300

TOTAL REVENUE $677,423

Expense Breakdown

Grants Paid $44,852

Salaries & Benefits $135,313

Fundraising Expenses $0

Program Expenses $574,132

Other Expenses $659,779

TOTAL EXPENSES $839,944

Year-over-Year Comparison

	2023	2022	Change
Revenue	$677,423	$595,926	+0.1%
Expenses	$839,944	$571,034	+0.5%
Net Income	$-162,521	$24,892	-7.5%

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

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
Rev Charles R Tyner	Executive Director	020.00	Officer Director	$0	$0	$0
Leon Herndon Sr	Vice Chairman	003.00	Officer Director	$0	$0	$0
Attorney Jeanette Peace	Chairman	003.00	Officer Director	$0	$0	$0
Larry Gaddy	Treasurer	003.00	Officer Director	$0	$0	$0
Gwen Harrington	Secretary	003.00	Officer Director	$0	$0	$0
Jackie Wilson	Director	N/A	Director	$0	$0	$0
Dr Leon Herndon Jr	Director	N/A	Director	$0	$0	$0
Rev Joe Shaw	Director	N/A	Director	$0	$0	$0
Rev George Greene	Director	N/A	Director	$0	$0	$0
Mary Burnett	Director	N/A	Director	$0	$0	$0
Jeff Billingsley	Director	N/A	Director	$0	$0	$0
Katie Gailes	Director	N/A	Director	$0	$0	$0
Rev Jerry Hine	Director	N/A	Director	$0	$0	$0
Tanya Locklair	Director	N/A	Director	$0	$0	$0
Xavier Wortham	Director	N/A	Director	$0	$0	$0
Shirley Herndon	Director	N/A	Director	$0	$0	$0
Tizah Turner	Director	N/A	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
2024	No data	No data	No data	No data
2023	$677,423	$839,944	$7,666,375	$-162,521
2022	$595,926	$571,034	$4,504,991	$24,892
2021	$559,811	$586,066	$3,294,148	$-26,255
2020	$906,399	$429,826	$3,263,782	$476,573
2019	$1,485,606	$314,546	$3,124,131	$1,171,060
2018	$492,075	$302,499	$2,502,982	$189,576

White Oak Foundation Inc