OAK CITY CARES INC (EIN 830826329) - 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

KATHRYN JOHNSON

Phone

9843449599

Tax Period

2024-07-01 to 2025-06-30

OAK CITY CARES INC, founded in 2018, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $2.4M exceeded revenue, resulting in a 16% operating deficit.

Mission

OAK CITY CARES, AN INDEPENDENT 501(C)(3) ORGANIZATION, IS THE OPERATOR AND COORDINATOR OF THE OAK CITY CARES MULTI-SERVICES HUB THAT BRINGS TOGETHER AN ARRAY OF WAKE COUNTY NON-PROFITS ENSURING THAT PEOPLE EXPERIENCING HOMELESSNESS GET ONSITE HELP AND SERVING AS A BRIDGE TO THE ONGOING RESOURCES THEY NEED. OAK CITY CARES, INC. DOES THIS BY CONNECTING THOSE AT RISK TO COORDINATED SERVICES THAT CREATE A PATH TO STABLE HOUSING AND RENEWED HOPE. OAK CITY CARES EXPERIENCED A TRIPLING OF THE DEMAND FOR OUR SERVICES IN TWO YEARS GOING FROM SERVING 1,500 UNDUPLICATED INDIVIDUALS IN THE 21-22 FISCAL YEAR TO MORE THAN 6,000 IN 23-24 FISCAL YEAR. IN THE 24-25 FISCAL YEAR WE CONTINUED TO SERVE MORE THAN 6,000 INDIVIDUALS IN NEED. ONE OF THE PRIMARY BARRIERS TO SECURING SAFE AND STABLE HOUSING IS THE LACK OF PREDICTABLE INCOME. SOAR (SSI/SSDI OUTREACH, ACCESS, AND RECOVERY) IS A NATIONAL PROGRAM THAT ASSISTS ELIGIBLE ADULTS WHO ARE HOMELESS OR AT RISK OF HOMELESSNESS WITH THE APPLICATION PROCESS FO

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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 $2,033,541

Program Service Revenue $0

Investment Income $43,025

Other Revenue $-28,831

TOTAL REVENUE $2,047,735

Expense Breakdown

Grants Paid $372,933

Salaries & Benefits $1,552,031

Fundraising Expenses $266,290

Program Expenses $1,717,342

Other Expenses $454,045

TOTAL EXPENSES $2,379,009

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,047,735	$1,675,776	+0.2%
Expenses	$2,379,009	$1,877,244	+0.3%
Net Income	$-331,274	$-201,468	+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

1843

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

$139,608

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN JOHNSON	EXECUTIVE DI	40.00	Officer	$116,005	$23,603	$139,608
REBECCA MEYER	TREASURER	3.00	Director	$0	$0	$0
STEPHANIE POLEY	SECRETARY	2.00	Director	$0	$0	$0
MICHAEL DEBENDER	BOARD CHAIR	3.00	Director	$0	$0	$0
MICHELE GRANT	VICE CHAIR	2.00	Director	$0	$0	$0
KRISTIN COWAN	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS LINDGREN	DIRECTOR	1.00	Director	$0	$0	$0
PABLO ESCOBAR	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY JONES	DIRECTOR	1.00	Director	$0	$0	$0
DR BRIAN KLAUSNER	DIRECTOR	1.00	Director	$0	$0	$0
REV FRANK WHITE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BRADLEY CRONE	DIRECTOR	1.00	Director	$0	$0	$0
BYRON LEAK	DIRECTOR	1.00	Director	$0	$0	$0
ROBERTA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE KOHN	DIRECTOR	1.00	Director	$0	$0	$0
BARKLEY SAMPLE	DIRECTOR	1.00	Director	$0	$0	$0
AMY FRACCOLA	DIRECTOR	1.00	Director	$0	$0	$0
DERRICK HOOVER	DIRECTOR	1.00	Director	$0	$0	$0
DREW D'ASARO	DIRECTOR	1.00	Director	$0	$0	$0
RICK MILLER-HARAWAY	DIRECTOR	1.00	Director	$0	$0	$0
JOHNNIE THOMAS	DIRECTOR	1.00	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
2025	$2,047,735	$2,379,009	$1,604,190	$-331,274
2024	$1,675,776	$1,877,244	$1,909,524	$-201,468
2023	$1,314,693	$1,419,701	$2,081,468	$-105,008
2022	$1,564,048	$1,104,778	$2,233,932	$459,270
2021	$1,057,800	$1,046,914	$1,824,344	$10,886
2020	$1,127,737	$736,050	$1,830,618	$391,687
2019	$1,844,299	$580,419	$1,712,199	$1,263,880

OAK CITY CARES INC