FROM THE PIT TO THE PALACE INC

EIN: 824369053 501(c)(3) Religion

Morehead City, NC

Total Revenue
$188
Total Expenses
$1,360
Total Assets
$1,779
Net Assets
$1,779
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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
2019
Legal Domicile
NC
Phone
2523428490
Tax Period
2025-01-01 to 2025-12-31

FROM THE PIT TO THE PALACE INC, founded in 2019, is a micro nonprofit in the Religion sector that reported $188 in total revenue in fiscal year 2025. Expenses of $1K exceeded revenue, resulting in a 623% operating deficit.

Mission

From the Pit to the Palace is a non-profit Christian organization of men and women with a shared desire to spread the love and Gospel of Jesus Christ.

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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 (2025)

Revenue Breakdown

Contributions & Grants $188
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $188

Expense Breakdown

Grants Paid $100
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,360
Other Expenses $1,260
TOTAL EXPENSES $1,360

Year-over-Year Comparison

2025 2024 Change
Revenue $188 N/A N/A
Expenses $1,360 N/A N/A
Net Income $-1,172 N/A N/A
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
6
Independent Members
6
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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEE STILES CEO 0.00
Officer Director
$0 $0 $0
CHERYL BOMAR TREASURER 0.00
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
2025 $188 $1,360 $1,779 $-1,172
2024 $1,635 $3,083 $2,951 $-1,448
2023 $7,013 $8,102 $4,399 $-1,089
2022 $9,543 $9,608 $5,489 $-65
2021 $6,495 $5,243 $5,554 $1,252
2019 $5,308 $4,589 $1,390 $719
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