OUTER BANKS COMMUNITY FOUNDATION INC (EIN 581516313) - 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

1982

Legal Domicile

Principal Officer

CHRISTOPHER SAWIN

Phone

2524233003

Tax Period

2024-01-01 to 2024-12-31

OUTER BANKS COMMUNITY FOUNDATION INC, founded in 1982, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.6M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $2.5M left a modest 4% surplus.

Mission

THE OUTER BANKS COMMUNITY FOUNDATION HELPS MEET LOCAL NEEDS ACROSS DARE COUNTY AND THE ENTIRE OUTER BANKS. WE MANAGE CHARITABLE FUNDS FOR INDIVIDUALS AND AGENCIES, AND WE TARGET GRANTS AND SCHOLARSHIPS TOWARD OUR COMMUNITYS MOST PRESSING NEEDS AND PROMISING OPPORTUNITIES.

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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 $2,045,074

Program Service Revenue $0

Investment Income $534,864

Other Revenue $0

TOTAL REVENUE $2,579,938

Expense Breakdown

Grants Paid $1,981,753

Salaries & Benefits $284,337

Fundraising Expenses $205,003

Program Expenses $2,158,439

Other Expenses $217,472

TOTAL EXPENSES $2,483,562

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,579,938	$2,945,091	-0.1%
Expenses	$2,483,562	$2,710,917	-0.1%
Net Income	$96,376	$234,174	-0.6%

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

$114,949

Total Directors

$114,949

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER SAWIN	PRESIDENT &	50.00	Officer Director	$99,981	$14,968	$114,949
JEAN-LOUISE DIXON	CHAIR	10.00	Officer Director	$0	$0	$0
JASON WAUGHTEL	VICE CHAIR	5.00	Officer Director	$0	$0	$0
PAT REGAN	SECRETARY	5.00	Officer Director	$0	$0	$0
JEFF DOWDY	TREASURER	5.00	Officer Director	$0	$0	$0
CATHY BALDWIN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID CLAWSON	DIRECTOR	2.00	Director	$0	$0	$0
FRANK HESTER	DIRECTOR	2.00	Director	$0	$0	$0
TESS JUDGE	DIRECTOR	2.00	Director	$0	$0	$0
ROBIN MANN	DIRECTOR	2.00	Director	$0	$0	$0
RAY MEIGGS	DIRECTOR	2.00	Director	$0	$0	$0
CLAUDIA NEAL	DIRECTOR	2.00	Director	$0	$0	$0
NOEL PRESTON	DIRECTOR	2.00	Director	$0	$0	$0
BETTY SELBY	DIRECTOR	2.00	Director	$0	$0	$0
RONNIE SLOAN	DIRECTOR	2.00	Director	$0	$0	$0
SARAH SPENCER	DIRECTOR	2.00	Director	$0	$0	$0
RUTH TOTH	DIRECTOR	2.00	Director	$0	$0	$0
CHIP WALTON	DIRECTOR	2.00	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	$2,579,938	$2,483,562	$27,679,487	$96,376
2023	$2,945,091	$2,710,917	$25,773,330	$234,174
2022	$2,158,972	$1,966,252	$22,456,255	$192,720
2021	$2,038,637	$1,318,558	$25,924,367	$720,079
2020	$2,638,965	$2,126,208	$22,335,559	$512,757
2019	$3,220,100	$1,542,501	$20,635,527	$1,677,599
2018	$1,392,253	$890,346	$16,261,199	$501,907

OUTER BANKS COMMUNITY FOUNDATION INC