OUTER BANKS RELIEF FOUNDATION INC

EIN: 562526271 501(c)(3) Human Services

NAGS HEAD, NC

Total Revenue
$797,723
Total Expenses
$988,563
Total Assets
$1,676,099
Net Assets
$1,624,608
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
NC
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 OUTER BANKS RELIEF FOUNDATION HAS ONE GOAL -- TO EASE PEOPLE'S SUFFERING IN THE FACE OF A PERSONAL TRAGEDY. TRAGEDIES MAY INCLUDE BATTLING A MAJOR ILLNESS, SUSTAINING A CATASTROPHIC INJURY, OR LOSING ONE'S HOME TO A HOUSE FIRE. WE HAVE ONE PRIMARY PROGRAM AND TWO SECONDARY PROGRAMS THAT ALLOW US TO MEET THIS GOAL. THE PRIMARY PROGRAM IS RELIEF FUNDING, THAT IS, PAYING BILLS FOR PEOPLE IN OUR COMMUNITY FOR AS LONG AS NEEDED ON A CASE-BY-CASE BASIS AND TO THE EXTENT OUR RESOURCES PERMIT. THE RELIEF FOUNDATION PAYS HOUSEHOLD BILLS DIRECTLY TO LANDLORDS, MORTGAGE COMPANIES, OR AUTOMOBILE INSURANCE AND LOAN COMPANIES, FOR INSTANCE, ON BEHALF OF BENEFICIARIES. IN 2024, 184 FAMILIES RECEIVED RELIEF FUNDING OF 692,659. SINCE OUR FOUNDING IN 2005, 1,717 FAMILIES HAVE BEEN GRANTED 4.47 MILLION TOWARD HOUSEHOLD BILLS DURING TIMES OF TRAGEDY. OUR OUTCOMES ARE THE RELEASE FROM WORRY AND THE INCREASE OF PEACE OF MIND OF OUR BENEFICIARIES. YOU CAN READ ABOUT THEIR EXPERIENCES AT HTTPS://OBRF.ORG/

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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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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Governance

Voting Members
15
Independent Members
15
Employees
4
Volunteers
3

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
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
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
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