ONE LIFE FUND

EIN: 873915823 501(c)(3)

WILMINGTON, NC

Total Revenue
$57,855
Total Expenses
$199,650
Total Assets
$1,722,993
Net Assets
$1,722,993
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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
CARSON PITTS
Phone
7046546859
Tax Period
2025-01-01 to 2025-12-31

ONE LIFE FUND, founded in 2021, is a micro nonprofit that reported $58K in total revenue in fiscal year 2025. Revenue decreased 19% compared to the prior year. Expenses of $200K exceeded revenue, resulting in a 245% operating deficit.

Mission

SEE SCHEDULE 0

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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 (2025)

Revenue Breakdown

Contributions & Grants $34,000
Program Service Revenue $0
Investment Income $23,855
Other Revenue $0
TOTAL REVENUE $57,855

Expense Breakdown

Grants Paid $198,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $198,000
Other Expenses $1,650
TOTAL EXPENSES $199,650

Year-over-Year Comparison

2025 2024 Change
Revenue $57,855 $71,203 -0.2%
Expenses $199,650 $151,250 +0.3%
Net Income $-141,795 $-80,047 +0.8%
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
4
Independent Members
4
Employees
N/A
Volunteers
4

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICK BARNEY TREASURER 5.00
Officer
$0 $0 $0
JACK GILESPIE VICE PRESIDENT 5.00
Officer
$0 $0 $0
DAVID NEAL SECRETARY 5.00
Officer
$0 $0 $0
CARSON PITTS PRESDIENT 20.00
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
2025 $57,855 $199,650 $1,722,993 $-141,795
2024 $71,203 $151,250 $1,692,479 $-80,047
2023 $1,606,414 $7,700 $1,682,520 $1,598,714
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