OUTER BANKS RELIEF FOUNDATION INC

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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

2005

Legal Domicile

Principal Officer

JEREMY MILLER

Phone

2522612004

Tax Period

2024-01-01 to 2024-12-31

OUTER BANKS RELIEF FOUNDATION INC, founded in 2005, is a small nonprofit in the Human Services sector that reported $798K in total revenue in fiscal year 2024. Expenses of $989K exceeded revenue, resulting in a 24% operating deficit.

Mission

THE PRIMARY PURPOSE OF THE OUTER BANKS RELIEF FOUNDATION IS TO ASSIST PEOPLE LIVING OR WORKING ON THE OUTER BANKS OF NORTH CAROLINA WHO ARE BURDENED WITH FINANCIAL DIFFICULTIES DUE TO A DEBILIATING DISEASE OR ILLNESS OR A PERSONAL TRAGEDY TO THEMSELVES OR THEIR FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $772,164

TO PROVIDE FINANCIAL ASSISTANCE TO PEOPLE LIVING OR WORKING ON THE OUTER BANKS OF NORTH CAROLINA WHO ARE BURDENED WITH FINANCIAL DIFFICULTIES DUE TO A DEBILIATING DISEASE OR ILLNESS OR A PERSONAL...

TO PROVIDE FINANCIAL ASSISTANCE TO PEOPLE LIVING OR WORKING ON THE OUTER BANKS OF NORTH CAROLINA WHO ARE BURDENED WITH FINANCIAL DIFFICULTIES DUE TO A DEBILIATING DISEASE OR ILLNESS OR A PERSONAL TRAGEDY TO THEMSELVES OR THEIR FAMILIES. 184 OUTER BANKS FAMILIES IN DISTRESS DUE TO TRAGEDIES RECEIVED 691,888 OF RELIEF FUNDING IN 2024, 31% MORE ASSISTANCE THAN PROVIDED IN 2023. THIS ASSISTANCE WAS GIVEN IN THE FORM OF PAYMENTS MADE DIRECTLY TO MORTGAGE COMPANIES, LANDLORDS, UTILITY COMPANIES, AND AUTO REPAIR SHOPS TO NAME A FEW PAYEES. THE FAMILIES ASSISTED KNEW THIER BASIC HOUSEHOLD EXPENSES WERE COVERED WHILE THEY FOUGHT FOR THEIR HEALTH AND WELL-BEING. THE IMPACT OF THESE GRANTS WAS MORE RESPITE, PEACH OF MIND, AND COMFORT FOR THESE 184 FAMILIES.

Program 2

Expenses: $771

BUTCH'S NIGHT OUT IN 2024 3 LOCAL FAMILIES WERE TREATED TO A SPECIAL OUTING OF THEIR CHOICE DURING CHALLENGING TIMES. BUTCH'S NIGHT OUT PROVIDES THE FUNDING FOR FAMILIES TO ENJOY FUN EXPERIENCES...

BUTCH'S NIGHT OUT IN 2024 3 LOCAL FAMILIES WERE TREATED TO A SPECIAL OUTING OF THEIR CHOICE DURING CHALLENGING TIMES. BUTCH'S NIGHT OUT PROVIDES THE FUNDING FOR FAMILIES TO ENJOY FUN EXPERIENCES TOGETHER AS THEY FACE SHORT-TERM OR LONG-TERM PERSONAL CRISES SUCH AS TERMINAL ILLNESS. THIS PROGRAM IS OFFERED IN MEMORY OF BUTCH CLOSE.

Program 3

COMMUNITY SERVICES COLLABORATIVE THE COMMUNITY SERVICES COLLABORATIVE IS ORGANIZED BY THE OUTER BANKS RELIEF FOUNDATION. IT IS AN INFORMAL GROUP OF REPRESENTATIVES FROM LOCAL HUMAN SERVICES AGENCIES AND COMMUNITY BENEFIT GROUPS WHO MEET QUARTERLY TO STAY INFORMED ABOUT AND SUPPORT ONE ANOTHER'S WORK. THESE MEETINGS PROVIDE THE OUTER BANKS RELIEF FOUNDATION WITH THE SKILLS AND KNOWLEDGE TO HELP OUR CLIENTS ACCESS ALL LOCAL SERVICES AVAILABLE TO THEM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $579,832

Program Service Revenue $19,200

Investment Income $19,103

Other Revenue $179,588

TOTAL REVENUE $797,723

Expense Breakdown

Grants Paid $692,659

Salaries & Benefits $125,863

Fundraising Expenses $148,718

Program Expenses $772,935

Other Expenses $170,041

TOTAL EXPENSES $988,563

Year-over-Year Comparison

	2024	2023	Change
Revenue	$797,723	$758,788	+0.1%
Expenses	$988,563	$721,861	+0.4%
Net Income	$-190,840	$36,927	-6.2%

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

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
MICHELLE CHIMENTO	DIRECTOR	0.45	Director	$0	$0	$0
SUSAN CLISSOLD	SECRETARY	0.84	Officer Director	$0	$0	$0
MARC HELLMAN	DIRECTOR	0.43	Director	$0	$0	$0
ELIZABETH HOFFMIER	PRESIDENT	2.55	Officer Director	$0	$0	$0
GAIL MEE	DIRECTOR	1.93	Director	$0	$0	$0
JEREMY MILLER	VP & CO- TRE	1.05	Officer Director	$0	$0	$0
JANET OWEN-ROSSO	DIRECTOR	0.66	Director	$0	$0	$0
HEATHER SAKERS	DIRECTOR	0.48	Director	$0	$0	$0
CHARLES SHELTON	DIRECTOR	0.25	Director	$0	$0	$0
EVELYN TALBOTT	CO-TREASURER	0.48	Officer Director	$0	$0	$0
MONICA THIBODEAU	DIRECTOR	0.43	Director	$0	$0	$0
JASON WARD	DIRECTOR	0.41	Director	$0	$0	$0
JANE WEBSTER	DIRECTOR	1.70	Director	$0	$0	$0
SANDY WILLIAMS	DIRECTOR	2.38	Director	$0	$0	$0
MATT WINSTEAD	DIRECTOR	0.95	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	$797,723	$988,563	$1,676,099	$-190,840
2023	$758,788	$721,861	$1,875,041	$36,927
2022	$560,561	$603,551	$1,830,998	$-42,990
2021	$488,734	$373,095	$1,873,123	$115,639
2020	$499,667	$411,974	$1,774,428	$87,693
2020	$521,758	$428,738	$1,752,267	$93,020