FAMILY PROMISE OF GASTON COUNTY

EIN: 020580265 501(c)(3)

BELMONT, NC

Total Revenue
$233,069
Total Expenses
$257,045
Total Assets
$32,416
Net Assets
$-41,652
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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
2001
Legal Domicile
NC
Principal Officer
ROYCE ROBINSON
Phone
7048549880
Tax Period
2020-07-01 to 2021-06-30

FAMILY PROMISE OF GASTON COUNTY, founded in 2001, is a small nonprofit that reported $233K in total revenue in fiscal year 2020. Revenue surged 123% from the prior year, signaling strong growth momentum. Expenses of $257K exceeded revenue, resulting in a 10% operating deficit.

Mission

THE MISSION OF FAMILY PROMISE OF GASTON COUNTY IS TO PROVIDE COMPASSIONATE, LOVING SUPPORT OF MEALS, SHELTER AND COUNSELING SERVICES THROUGH A COMMUNITY-BASED NETWORK TO HOMELESS FAMILIES OF GASTON COUNTY, AS WELL AS FOSTERING AND PROMOTING GROWTH FOR A SUCCESSFUL TRANSITION TO INDEPENDENCE.

Program Service Accomplishments

Program 1
Expenses: $224,445

THE ORGANIZATION CURRENTLY WORKS WITH CHURCHES IN THE GASTON COUNTY AREA TO PROVIDE TEMPORARY HOUSING AND COUNSELING FOR HOMELESS FAMILIES AND TO FOSTER AND PROMOTE GROWTH FOR A SUCCESSFUL TRANSITION...

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THE ORGANIZATION CURRENTLY WORKS WITH CHURCHES IN THE GASTON COUNTY AREA TO PROVIDE TEMPORARY HOUSING AND COUNSELING FOR HOMELESS FAMILIES AND TO FOSTER AND PROMOTE GROWTH FOR A SUCCESSFUL TRANSITION TO INDEPENDENCE.

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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 (2020)

Revenue Breakdown

Contributions & Grants $233,050
Program Service Revenue $0
Investment Income $19
Other Revenue $0
TOTAL REVENUE $233,069

Expense Breakdown

Grants Paid $0
Salaries & Benefits $87,390
Fundraising Expenses $0
Program Expenses $224,445
Other Expenses $169,655
TOTAL EXPENSES $257,045

Year-over-Year Comparison

2020 2019 Change
Revenue $233,069 $104,287 +1.2%
Expenses $257,045 $193,367 +0.3%
Net Income $-23,976 $-89,080 -0.7%
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
9
Independent Members
9
Employees
3
Volunteers
24

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMBER BOLLINGER BOARD MEMBER N/A
Director
$0 $0 $0
TRICIA BUCKNER BOARD MEMBER N/A
Director
$0 $0 $0
ROGER CARITHERS BOARD MEMBER N/A
Director
$0 $0 $0
CAITLYN ENRIGHT TREASURER N/A
Officer Director
$0 $0 $0
KEVIN FORD BOARD MEMBER N/A
Director
$0 $0 $0
BILL MOORE BOARD MEMBER N/A
Director
$0 $0 $0
ROYCE ROBINSON BOARD CHAIRM N/A
Officer Director
$0 $0 $0
KIM SCHAFFNER BOARD MEMBER N/A
Director
$0 $0 $0
JOHN WATTS SECRETARY N/A
Officer 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
2021 $233,069 $257,045 $32,416 $-23,976
2020 $104,287 $193,367 $63,931 $-89,080
2019 $229,709 $246,508 $159,156 $-16,799
2018 $277,721 $423,197 $205,078 $-145,476
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