THE OCRACOKE FOUNDATION INC (EIN 562602254) - 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

2006

Legal Domicile

Principal Officer

SCOTT BRADLEY

Phone

2529210365

Tax Period

2024-01-01 to 2024-12-31

THE OCRACOKE FOUNDATION INC, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $489K in total revenue in fiscal year 2024. Revenue surged 107% from the prior year, signaling strong growth momentum. The organization ran a surplus of $201K, a strong 41% operating margin.

Mission

TO ASSIST THE COMMUNITY WITH EDUCATIONAL, ECONOMIC, SOCIAL AND INFRASTRUCTURE NEEDS.

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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 $292,626

Program Service Revenue $148,579

Investment Income $2,528

Other Revenue $45,269

TOTAL REVENUE $489,002

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $281,877

Other Expenses $288,110

TOTAL EXPENSES $288,110

Year-over-Year Comparison

	2024	2023	Change
Revenue	$489,002	$236,606	+1.1%
Expenses	$288,110	$250,926	+0.1%
Net Income	$200,892	$-14,320	-15.0%

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

N/A

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
RUDY AUSTIN	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
GENE BALLANCE	MEMBER	1.00	Director	$0	$0	$0
SCOTT BRADLEY	PRESIDENT	5.00	Officer Director	$0	$0	$0
ELLEN GASKILL	TREASURER	5.00	Officer Director	$0	$0	$0
AL SCARBOROUGH	SECRETARY	2.00	Officer Director	$0	$0	$0
CLAIRE SENSENEY	MEMBER	1.00	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	$489,002	$288,110	$2,752,986	$200,892
2023	$236,606	$250,926	$2,625,090	$-14,320
2022	$234,616	$214,849	$2,689,410	$19,767
2021	$385,401	$283,364	$2,887,649	$102,037
2020	$991,590	$258,175	$2,788,366	$733,415
2019	$1,054,561	$593,780	$2,960,234	$460,781
2018	$256,507	$200,413	$2,506,648	$56,094

THE OCRACOKE FOUNDATION INC