Safe Harbor of NC Inc

EIN: 571215608 501(c)(3) Mental Health

Hickory, NC

Total Revenue
$1,703,238
Total Expenses
$1,778,899
Total Assets
$4,559,765
Net Assets
$4,541,326
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
NC
Principal Officer
Gigi Williams
Phone
8283267233
Tax Period
2023-01-01 to 2023-12-31

Safe Harbor of NC Inc, founded in 2004, is a community nonprofit in the Mental Health sector that reported $1.7M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Net assets of $4.5M represent 32 months of operating reserves.

Mission

Safe Harbor provides a faith-based community for rebuilding, renewing, and recovery. We work together with volunteers and other nonprofit organizations to provide a wide range of services to those experiencing homelessness, single mothers, those in recovery, and others in need.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,334,392
Program Service Revenue $50,861
Investment Income $9,872
Other Revenue $308,113
TOTAL REVENUE $1,703,238

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,203,005
Fundraising Expenses $365,204
Program Expenses $1,060,631
Other Expenses $575,894
TOTAL EXPENSES $1,778,899

Year-over-Year Comparison

2023 2022 Change
Revenue $1,703,238 $1,797,915 -0.1%
Expenses $1,778,899 $1,439,796 +0.2%
Net Income $-75,661 $358,119 -1.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
79
Volunteers
200

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
6
$150,007
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Vicki Murray CEO 50.00
Officer
$83,883 $621 $84,504
Gigi Williams COO 50.00
Officer
$60,000 $5,503 $65,503
Debbie Haynes Former Program Director 4.00
$14,400 $0 $14,400
Matt Ingram Director 1.00
Director
$0 $0 $0
Jean Gay Co-Chair 2.00
Officer Director
$0 $0 $0
Frank Plotts Chair 2.00
Officer Director
$0 $0 $0
Cassia Dowdy Director 1.00
Director
$0 $0 $0
Robert Broome Director 1.00
Director
$0 $0 $0
Patrick Wiggs Director 1.00
Director
$0 $0 $0
Mike Richey Director 1.00
Director
$0 $0 $0
Carrie DeLeary Director 1.00
Director
$0 $0 $0
David Parham Treasurer 2.00
Officer Director
$0 $0 $0
Angel Starnes Secretary 2.00
Officer Director
$0 $0 $0
Jennifer Whipple Director 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 No data No data No data No data
2023 $1,703,238 $1,778,899 $4,559,765 $-75,661
2022 $1,797,915 $1,439,796 $4,632,850 $358,119
2021 $1,776,534 $1,169,010 $4,272,787 $607,524
2021 $1,776,534 $1,169,010 $4,272,787 $607,524
2020 $1,520,065 $969,067 $3,674,096 $550,998
2019 $1,232,151 $898,375 $3,103,964 $333,776
2018 $1,880,621 $756,774 $2,770,871 $1,123,847
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