RAISE A CHILD OF THE CAROLINAS

EIN: 822096738 501(c)(3) Education

Charlotte, NC

Total Revenue
$25,544
Total Expenses
$25,263
Total Assets
$31,456
Net Assets
$-3,970
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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
2018
Legal Domicile
NC
Principal Officer
Claudette Banks
Phone
9842126283
Tax Period
2023-10-01 to 2024-09-30

RAISE A CHILD OF THE CAROLINAS, founded in 2018, is a micro nonprofit in the Education sector that reported $26K in total revenue in fiscal year 2023. Revenue fell 93% from the prior year — a significant decline worth monitoring.

Mission

Expose underserved youth to educational and enrichment opportunities that are not commonly available in their communities. The organization uses a STREAM+ model to ensure children in grades K-12 have access to innovative learning opportunities in Science, Technology, Reading, Engineering, Arts, Math, and critical life lessons.

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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 $22,229
Program Service Revenue $2,815
Investment Income $500
Other Revenue $0
TOTAL REVENUE $25,544

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,592
Fundraising Expenses $1,634
Program Expenses $7,076
Other Expenses $20,671
TOTAL EXPENSES $25,263

Year-over-Year Comparison

2023 2022 Change
Revenue $25,544 $389,022 -0.9%
Expenses $25,263 $380,558 -0.9%
Net Income $281 $8,464 -1.0%
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

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Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
100

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
0
$0
Total Directors
0
$0
Key Employees
1
$3,992
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Shaguana Hunt CEO 60
Key Emp Highest
$3,992 $0 $3,992
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 $25,544 $25,263 $31,456 $281
2023 $389,022 $380,558 $6,708 $8,464
2022 $446,501 $475,294 $147,118 $-28,793
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