OCRACOKE INTERFAITH RELIEF & RECOVERY TEAM (EIN 844637563) - 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

2019

Legal Domicile

Principal Officer

IVEY BELCH

Tax Period

2023-01-01 to 2023-12-31

OCRACOKE INTERFAITH RELIEF & RECOVERY TEAM, founded in 2019, is a micro nonprofit in the Public Safety sector that reported $71K in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $98K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO COORDINATE AMONG COMMUNITIES AND ENTITIES PROVIDING SUPPORT FOR PEOPLE WHOSE LIVES HAVE BEEN AFFECTED BY DISASTERS ON OCRACOKE ISLAND. TO PROVIDE COLLABORATIVE LEADERSHIP RECOVERY AND REHABILITATION AND ADVOCATE FOR ONGOING PREPAREDNESS WITHIN THE COMMUNITY

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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 $39,295

Program Service Revenue $0

Investment Income $69

Other Revenue $31,435

TOTAL REVENUE $70,799

Expense Breakdown

Grants Paid $64,042

Salaries & Benefits $26,663

Fundraising Expenses $0

Program Expenses $97,521

Other Expenses $6,816

TOTAL EXPENSES $97,521

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,799	$572,204	-0.9%
Expenses	$97,521	$575,413	-0.8%
Net Income	$-26,722	$-3,209	+7.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARLENE STYRON	VICE PRESIDENT	5.00	Officer	$0	$0	$0
CAROL ONEAL	TRESURER	2.00	Officer	$0	$0	$0
IVEY BELCH	PRESIDENT	10.00	Officer	$0	$0	$0
CONNIE LEIBACH	SECRETARY	5.00	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
2023	$70,799	$97,521	$87,967	$-26,722
2022	$572,204	$575,413	$122,148	$-3,209
2021	$710,877	$622,469	$118,696	$88,408
2020	$250,439	$240,291	$43,516	$10,148

OCRACOKE INTERFAITH RELIEF & RECOVERY TEAM