Sharon Community Outreach Corporation (EIN 873873558) - 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

2022

Legal Domicile

Principal Officer

Kenneth Moore

Phone

3362537624

Tax Period

2024-01-01 to 2024-12-31

Sharon Community Outreach Corporation, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $337K in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $193K, a strong 57% operating margin.

Mission

The SCOC seeks a future for Western Rockingham County where every resident, regardless of their background or where they live, has the chance to thrive.

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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 (2024)

Revenue Breakdown

Contributions & Grants $336,705

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $336,705

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,500

Fundraising Expenses $0

Program Expenses $135,026

Other Expenses $93,727

TOTAL EXPENSES $143,227

Year-over-Year Comparison

	2024	2023	Change
Revenue	$336,705	$226,420	+0.5%
Expenses	$143,227	$94,964	+0.5%
Net Income	$193,478	$131,456	+0.5%

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
Kenneth Moore	Director	12.00	Director	$0	$0	$0
Rev Perry Webster	Board Chair	12.00	Director	$0	$0	$0
Faye Frye	Director	12.00	Director	$0	$0	$0
Daisy Smith	Director/Secretary	12.00	Director	$0	$0	$0
Jennifer Edwards	Director	12.00	Director	$0	$0	$0
Roger Redd	Director	12.00	Director	$0	$0	$0
Glenda Davis	Director	12.00	Director	$0	$0	$0
Merald Holloway	Director	12.00	Director	$0	$0	$0
Taylor Palmer	Program Manager	N/A	Key Emp	$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	$336,705	$143,227	$323,833	$193,478
2023	$226,420	$94,964	No data	$131,456

Sharon Community Outreach Corporation