CR RESOURCE CENTER INC

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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

2020

Legal Domicile

Principal Officer

CARL V NICHOLS

Phone

9102698227

Tax Period

2023-07-01 to 2024-06-30

CR RESOURCE CENTER INC, founded in 2020, is a community nonprofit in the Human Services sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 379% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 56% operating margin.

Mission

Delivered healthy food boxes to seniors, youths and underpriveleged families in rural communities with food insecurity. Provided counseling and mentoring also.

Program Service Accomplishments

Program 1

Delivered healthy food boxes, senior food boxes, youth backpacks, holiday food boxes and provided a mobile food pantry. We also provided counseling and mentoring with nutrition and parenting classes...

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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 $2,619,329

Program Service Revenue $0

Investment Income $1

Other Revenue $83,015

TOTAL REVENUE $2,702,345

Expense Breakdown

Grants Paid $0

Salaries & Benefits $287,011

Fundraising Expenses $0

Other Expenses $893,695

TOTAL EXPENSES $1,180,706

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,702,345	$563,958	+3.8%
Expenses	$1,180,706	$237,676	+4.0%
Net Income	$1,521,639	$326,282	+3.7%

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

Governance

Voting Members

Independent Members

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

Total Directors

$169,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARL NICHOLS	EXECUTIVE DIRECTOR	60	Director	$89,000	$0	$89,000
WANDA RENEE NICHOLS	PROGRAM COORDINATOR	60	Director	$80,300	$0	$80,300
CINDY BRICKLE	CHAIRMAN	10	Director	$0	$0	$0
JOANN FREEMAN	BOARD MEMBER	10	Director	$0	$0	$0
CHRIS DECKARD	BOARD MEMBER	10	Director	$0	$0	$0
TAMMY BROOKS	BOARD MEMBER	10	Director	$0	$0	$0
BRIAN WADDELL	BOARD MEMBER	10	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	$2,702,345	$1,180,706	$1,814,347	$1,521,639
2024	$1,980,333	$1,261,060	$2,127,698	$719,273
2023	$563,958	$237,676	$338,429	$326,282