ONE WAKE (EIN 823718275) - 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

2018

Legal Domicile

Principal Officer

DEVIN ROSS

Phone

9193585828

Tax Period

2023-01-01 to 2023-12-31

ONE WAKE, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $345K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $386K exceeded revenue, resulting in a 12% operating deficit.

Mission

ONE WAKE'S PURPOSE IS TO BUILD RELATIONSHIPS ACROSS THE WAKE COUNTY NORTH CAROLINA AREA, TO IDENTIFY COMMUNITY CONCERNS AND OR NEEDS, AND TO WORK TOGETHER AS A UNITED POWER FOR HUMAN DIGNITY, SOCIAL JUSTICE, AND THE GREATER GOOD.

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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 $343,964

Program Service Revenue $0

Investment Income $769

Other Revenue $0

TOTAL REVENUE $344,733

Expense Breakdown

Grants Paid $0

Salaries & Benefits $206,447

Fundraising Expenses $0

Program Expenses $334,442

Other Expenses $179,448

TOTAL EXPENSES $385,895

Year-over-Year Comparison

	2023	2022	Change
Revenue	$344,733	$371,126	-0.1%
Expenses	$385,895	$333,736	+0.2%
Net Income	$-41,162	$37,390	-2.1%

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

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

$103,585

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV MYCAL BRICKHOUSE	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY DILGER	BOARD MEMBER	1.00	Director	$0	$0	$0
REV WESLEY SPEARS-NEWSOME	BOARD MEMBER	1.00	Director	$0	$0	$0
REV ROYCE HATHCOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
REV JAVIER ALMENDAREZ BAUTISTA	BOARD MEMBER	1.00	Director	$0	$0	$0
ANN CARLSON	TREASURER	1.00	Officer Director	$0	$0	$0
REV DR JAMES KUBAL-KOMOTO	CO-CHAIR	1.00	Officer Director	$0	$0	$0
REV LISA YEBAUH	BOARD MEMBER	1.00	Director	$0	$0	$0
REV DR ROSE CORNELIOUS	CO-CHAIR	1.00	Officer Director	$0	$0	$0
DEVIN ROSS	EXECUTIVE DIRECTOR	30.00	Officer	$80,896	$22,689	$103,585

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	$344,733	$385,895	$316,061	$-41,162
2022	$371,126	$333,736	$332,483	$37,390
2021	$247,532	$305,487	$288,665	$-57,955
2020	$528,766	$188,655	$345,861	$340,111

ONE WAKE