CRAVEN SMART START INC

EIN: 562105879 501(c)(3) Education

New Bern, NC

Total Revenue
$1,603,948
Total Expenses
$1,540,962
Total Assets
$98,481
Net Assets
$100,298
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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NC
Principal Officer
Cassandra Bennett
Phone
2526363198
Tax Period
2024-07-01 to 2025-06-30

CRAVEN SMART START INC, founded in 1998, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 4% surplus.

Mission

Building brighter futures for young children.

Program Service Accomplishments

Program 1
Expenses: $283,508 Revenue: $0

Child Care Resource & Referral PSC:3104 Child Care Resource and Referral (CCR&R) is aligned with the North Carolina CCR&R System to provide CCR&R services that meet NC CCR&R Council-specific outputs...

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Child Care Resource & Referral PSC:3104 Child Care Resource and Referral (CCR&R) is aligned with the North Carolina CCR&R System to provide CCR&R services that meet NC CCR&R Council-specific outputs and outcomes. Services may include technical assistance, training for childcare providers, consumer education, and/or consumer referral. Services that are provided in this activity include: (1) Technical assistance: Technical assistance in the form of coaching and modeling provided to early childhood educators working in start-ups, licensed and/or G.S. 110 childcare facilities serving children from birth to five years old. The Technical Assistance activity will focus on improving Participating Facilities' Star Levels, Participating Facilities' Star Rating Education and Program Standards points, and ITERS/ECERS/FCCERS scores. (2) Training for childcare providers: Training for DCDEE credit hours provided on childcare-related topics and coordination of CEU opportunities. (3) Consumer education: Information and/or education to families about quality childcare. 4) Consumer referral: Referring families to local childcare options. This activity will offer a variety of materials to support childcare providers and families of young children in their learning and development. This activity will provide access to child development resources and materials, including, but not limited to, books, manipulatives, reference materials, and curriculum kits. Items for checkout will be available to educators, families with children aged 5 years or younger, college students, early interventionists, etc. Guidance on the appropriate use of the materials may be provided. This activity will also serve as a resource room with access to die cuts, laminating machines, and other supplies. CCR&R is the designated CCR&R Region 2 Lead Agency. Smart Start funds for this activity may be used for meetings and conferences. Smart Start funding may be used to support an early childhood conference and/or a recognition dinner, for other staff as needed.

Program 2
Expenses: $389,946 Revenue: $0

CCR&R Regional Lead Agency (7104): Program is to coordinate and integrate CCR&R services delivery systems across the region. This is accomplished by providing effective technical assistance...

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CCR&R Regional Lead Agency (7104): Program is to coordinate and integrate CCR&R services delivery systems across the region. This is accomplished by providing effective technical assistance (Infant/Toddler Specialist, School Age Specialist and Behavioral Specialist) to child care providers and consumer-appropriate resource information to parents and the community resulting ultimately in the production of higher quality child care options.

Program 3
Expenses: $224,000 Revenue: $0

Child Care Subsidy PSC:2342 Financial assistance will be paid on a per-child basis as a subsidy to families eligible for Temporary Assistance for Needy Families (TANF) or the Child Care and...

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Child Care Subsidy PSC:2342 Financial assistance will be paid on a per-child basis as a subsidy to families eligible for Temporary Assistance for Needy Families (TANF) or the Child Care and Development Fund (CCDF). This activity will be implemented through the state-level subsidy contract and will be governed by a Memorandum of Understanding between the Local Partnership and the Local Purchasing Agency (LPA). .

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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 $1,598,789
Program Service Revenue $8,033
Investment Income $0
Other Revenue $-2,874
TOTAL REVENUE $1,603,948

Expense Breakdown

Grants Paid $425,442
Salaries & Benefits $885,801
Fundraising Expenses $5,999
Program Expenses $1,350,019
Other Expenses $229,719
TOTAL EXPENSES $1,540,962

Year-over-Year Comparison

2024 2023 Change
Revenue $1,603,948 $1,457,431 +0.1%
Expenses $1,540,962 $1,477,292 +0.0%
Net Income $62,986 $-19,861 -4.2%
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
13
Independent Members
11
Employees
18
Volunteers
46

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
$87,923
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cassandra Bennett Executive Director 40
Officer
$79,910 $8,013 $87,923
Chief Patrick Gallagher Board Member 1
Director
$0 $0 $0
Geoffrey Marett Board Member 1
Director
$0 $0 $0
Linder Ervin Board Member 1
Director
$0 $0 $0
Commissioner Beatrice R Smith Board Member 1
Director
$0 $0 $0
Maria Eid Board Member 1
Director
$0 $0 $0
Sarah Davis Board Member 1
Director
$0 $0 $0
Rhonda Sneeden Board Member 1
Director
$0 $0 $0
Laticia Garfield Board Member 1
Director
$0 $0 $0
Toussaint Summers Treasurer 1
Officer
$0 $0 $0
Lisa Kemp Vice President 1
Officer
$0 $0 $0
Lynn Hardison Secretary 1
Officer
$0 $0 $0
James Burns President 1
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 $1,603,948 $1,540,962 $98,481 $62,986
2024 No data No data No data No data
2023 $1,330,159 $1,339,729 $67,109 $-9,570
2022 $1,284,263 $1,298,224 $69,954 $-13,961
2021 $1,244,606 $1,238,429 $85,701 $6,177
2020 $1,381,488 $1,453,411 $89,891 $-71,923
2019 $1,402,927 $1,325,398 $148,914 $77,529
2018 $1,300,424 $1,262,108 $71,100 $38,316
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