RIPE FOR REVIVAL

EIN: 852733560 501(c)(3) Food, Agriculture & Nutrition

ROCKY MOUNT, NC

Total Revenue
$913,350
Total Expenses
$830,289
Total Assets
$356,260
Net Assets
$348,625
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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
2021
Legal Domicile
NC
Principal Officer
WILL KORNEGAY
Phone
2525678305
Tax Period
2023-01-01 to 2023-12-31

RIPE FOR REVIVAL, founded in 2021, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $913K in total revenue in fiscal year 2023. Revenue surged 69% from the prior year, signaling strong growth momentum. Expenses of $830K left a modest 9% surplus.

Mission

RIPE FOR REVIVAL'S PURPOSE IS TO MAKE A POSITIVE IMPACT FROM THE FARM, TO THE CONSUMER AND BEYOND BY WORKING DIRECTLY WITH LOCAL AND REGIONAL FARMERS AND FOOD PRODUCERS TO RECEIVE AGRICULTURAL COMMODITIES AND/ OR FOOD PRODUCT, WITH THE INTENT TO DISTIRBUTE MEALS DIRECTLY TO THOSE IN NEED THROUGHOUT THE COMMUNITY IN THE STATE OF NORTH CAROLINA AND BEYOND.

Program Service Accomplishments

Program 1
Expenses: $798,963 Revenue: $910,822

PROVIDE FRESH PRODUCE AND OTHER FARM COMMODITIES TO THOSE IN NEED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $845,341
Program Service Revenue $65,481
Investment Income $2,528
Other Revenue $0
TOTAL REVENUE $913,350

Expense Breakdown

Grants Paid $0
Salaries & Benefits $407,973
Fundraising Expenses $21,684
Program Expenses $798,963
Other Expenses $422,316
TOTAL EXPENSES $830,289

Year-over-Year Comparison

2023 2022 Change
Revenue $913,350 $539,336 +0.7%
Expenses $830,289 $321,932 +1.6%
Net Income $83,061 $217,404 -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

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Governance

Voting Members
11
Independent Members
11
Employees
12
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
$140,000
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KARA COX DIRECTOR 40.00
Officer
$80,000 $0 $80,000
WILL KORNEGAY PRESIDENT 20.00
Officer
$60,000 $0 $60,000
R TREY BRASWELL BOARD MEMBER N/A
Director
$0 $0 $0
MICHELLE GRAINGER BOARD MEMBER N/A
Director
$0 $0 $0
ROGER HARRIS BOARD MEMBER N/A
Director
$0 $0 $0
DAYTON HARTMAN BOARD MEMBER N/A
Director
$0 $0 $0
REV RICHARD JOYNER BOARD MEMBER N/A
Director
$0 $0 $0
ROBERT KORNEGAY JR BOARD MEMBER N/A
Director
$0 $0 $0
ERIN KORNEGAY BOAD MEMBER N/A
Director
$0 $0 $0
BILLY MCDANIEL BOARD MEMBER N/A
Director
$0 $0 $0
PEYTON MCDANIEL BOARD MEMBER N/A
Director
$0 $0 $0
BEN TUGWELL BOAD MEMBER N/A
Director
$0 $0 $0
LEMANUAL WILLIAM BOARD MEMBER N/A
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 No data No data No data No data
2023 $913,350 $830,289 $356,260 $83,061
2022 $539,336 $321,932 $269,937 $217,404
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