Safe Harbor of NC 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

2004

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $370,338 Revenue: $19,799

Whole Woman Recovery ProgramThe Whole Woman Recovery Program is a one-year residential program that takes women beyond sobriety, focusing on life transformation. The program provides faith-based...

Whole Woman Recovery ProgramThe Whole Woman Recovery Program is a one-year residential program that takes women beyond sobriety, focusing on life transformation. The program provides faith-based resources to empower women to experience long-term recovery.

Program 2

Expenses: $283,380 Revenue: $590

Chloe Waldrop Taylor Renewal CenterThe Chloe Waldrop Taylor Renewal Center is home to the Community Center, where women can connect to resources for housing, employment, and recovery. It also...

Chloe Waldrop Taylor Renewal CenterThe Chloe Waldrop Taylor Renewal Center is home to the Community Center, where women can connect to resources for housing, employment, and recovery. It also provides a welcoming environment for community and support groups and offers an array of classes for women from all walks of life.

Program 3

Expenses: $220,687

Other Program ServicesThe Passage, an extension of the Community Center, provides temporary housing for women who are medically or mentally fragile and unable to obtain housing on their own.The High Country Recovery Center for Women offers resources and referrals, mentoring, and community groups and classes for those seeking recovery options.

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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 (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

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

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

$150,007

Total Directors

Key Employees

Highest Compensated

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