BRIDGE NORTH CHARLESTON (EIN 862503352) - 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

2021

Legal Domicile

Principal Officer

PATRICIA SCARAFILE

Phone

8433774677

Tax Period

2023-07-01 to 2024-06-30

BRIDGE NORTH CHARLESTON, founded in 2021, is a community nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 3235% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 100% operating margin.

Mission

BUILDING 20 LOW-INCOME HOUSING UNITS IN THE HUB VILLAGE AND ACABEE NEIGHBORHOODS IN NORTH CHARLESTON, SOUTH CAROLINA SERVING UP TO 120+ INDIVIDUALS

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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 $1,783,728

Program Service Revenue $0

Investment Income $2,459

Other Revenue $0

TOTAL REVENUE $1,786,187

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $8,244

TOTAL EXPENSES $8,244

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,786,187	$53,561	+32.3%
Expenses	$8,244	$593,098	-1.0%
Net Income	$1,777,943	$-539,537	-4.3%

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

N/A

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
WILL JENKINSON	DIRECTOR/TREASURER	2.00	Director	$0	$0	$0
DOUG BARNETT	DIRECTOR	2.00	Director	$0	$0	$0
JULIE SCARAFILE	DIRECTOR	2.00	Director	$0	$0	$0
LATARSHA GILES	DIRECTOR	2.00	Director	$0	$0	$0
HENRIETTA WOODWARD	DIRECTOR	2.00	Director	$0	$0	$0
CHIP CRANE	DIRECTOR	2.00	Director	$0	$0	$0
LORETTA HART	DIRECTOR	2.00	Director	$0	$0	$0
SHANNON PRAETE	DIRECTOR	2.00	Director	$0	$0	$0
GENEVA SPANN	DIRECTOR	2.00	Director	$0	$0	$0
PATTY SCARAFILE	DIRECTOR/PRESIDENT	2.00	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	No data	No data	No data	No data
2024	$1,786,187	$8,244	$4,789,975	$1,777,943

BRIDGE NORTH CHARLESTON