Our Daily Bread Foundation

EIN: 831487766 501(c)(3) Human Services

Charlotte, NC

Total Revenue
$218,978
Total Expenses
$161,590
Total Assets
$93,140
Net Assets
$91,062
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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
2022
Principal Officer
Kim Alexander
Phone
9802672883
Tax Period
2024-01-01 to 2024-12-31

Our Daily Bread Foundation, founded in 2022, is a small nonprofit in the Human Services sector that reported $219K in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $57K, a strong 26% operating margin.

Mission

OUR DAILY BREAD INVESTS IN DEVELOPING OTHERS THROUGH IT ENTREPRENEURSHIP AND BAKERY TRAINING PROGRAMS

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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 (2024)

Revenue Breakdown

Contributions & Grants $218,582
Program Service Revenue $0
Investment Income $0
Other Revenue $396
TOTAL REVENUE $218,978

Expense Breakdown

Grants Paid $103
Salaries & Benefits $15,663
Fundraising Expenses $489
Program Expenses $124,582
Other Expenses $145,824
TOTAL EXPENSES $161,590

Year-over-Year Comparison

2024 2023 Change
Revenue $218,978 $141,736 +0.5%
Expenses $161,590 $108,373 +0.5%
Net Income $57,388 $33,363 +0.7%
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
5
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
$9,996
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kim Alexander Executive Dir. 40.00
Officer
$9,996 $0 $9,996
Arietta Cagnolatti Director 1.00
Director
$0 $0 $0
Pamela McCarter Chairman 1.00
Officer Director
$0 $0 $0
Karyn L Yaussy Director 1.00
Director
$0 $0 $0
Carla M Scott Director 1.00
Director
$0 $0 $0
Andrew L Ladd 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
2024 $218,978 $161,590 $93,140 $57,388
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