CAROLINA LOGGERS FOUNDATION 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

2017

Legal Domicile

Principal Officer

WELDON CAPPS

Phone

2524301110

Tax Period

2024-01-01 to 2024-12-31

CAROLINA LOGGERS FOUNDATION INC, founded in 2017, is a micro nonprofit in the Public & Societal Benefit sector that reported $98K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum.

Mission

PROVIDE SUPPORT FOR RESEARCH & TREATMENT AT HOSPITALS FOR CHILDREN.

Program Service Accomplishments

Program 1

Expenses: $89,925

SUPPORT OF NORTH CAROLINA'S CHILDREN'S MIRACLE NETWORK HOSPITALS AND OTHER CHILDREN'S HOSPITALS NATIONWIDE.

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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 $22,372

Program Service Revenue $0

Investment Income $40

Other Revenue $75,758

TOTAL REVENUE $98,170

Expense Breakdown

Grants Paid $89,925

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $89,925

Other Expenses $8,188

TOTAL EXPENSES $98,113

Year-over-Year Comparison

	2024	2023	Change
Revenue	$98,170	$67,174	+0.5%
Expenses	$98,113	$67,938	+0.4%
Net Income	$57	$-764	-1.1%

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

N/A

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
WELDON CHIP CAPPS	PRESIDENT	1.00	Officer	$0	$0	$0
JOSEPH ROSS	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JOANNE REESE	SECRETARY/ TREASURER	2.00	Officer	$0	$0	$0
BILLY COREY	BOARD MEMBER	1.00	Officer	$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	$98,170	$98,113	$15,697	$57
2023	$67,174	$67,938	$15,640	$-764
2022	$155,560	$201,021	$16,404	$-45,461
2021	$22,381	$14,315	$61,865	$8,066
2020	$93,526	$46,000	$53,799	$47,526
2019	$177,330	$177,402	$6,273	$-72