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 Vulnerability Assessment (Tuckman-Chang)

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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.

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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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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
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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