COASTAL CARES FOUNDATION

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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

2023

Legal Domicile

Principal Officer

SKYLA DAY

Phone

6365288988

Tax Period

2024-01-01 to 2024-12-31

COASTAL CARES FOUNDATION, founded in 2023, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $34K in total revenue in fiscal year 2024. Revenue surged 527% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17K, a strong 49% operating margin.

Mission

Support individuals and families in need within the community in which the offices are located

Program Service Accomplishments

Program 1

Expenses: $16,219 Revenue: $16,219

Support individuals and families in need withing the community in which the offices are located.

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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 $36,269

Program Service Revenue $0

Investment Income $0

Other Revenue $-2,430

TOTAL REVENUE $33,839

Expense Breakdown

Grants Paid $16,219

Salaries & Benefits $0

Fundraising Expenses $26

Program Expenses $16,219

Other Expenses $1,095

TOTAL EXPENSES $17,314

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,839	$5,400	+5.3%
Expenses	$17,314	$1,371	+11.6%
Net Income	$16,525	$4,029	+3.1%

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
SKYLA DAY	PRESIDENT/DIRECTOR	0.7	Director	$0	$0	$0
ERICA FLOYD	DIRECTOR	0.7	Director	$0	$0	$0
GREG VACCARO	DIRECTOR	0.3	Director	$0	$0	$0
KIM STEWART	SECRETARY	0.3	Officer	$0	$0	$0
DEVON HARRIS	TREASURER	0.3	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	No data	No data	No data	No data
2024	$33,839	$17,314	$20,553	$16,525