FAMILY PROMISE OF GASTON COUNTY (EIN 020580265) - 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

2001

Legal Domicile

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.

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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 (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

Governance

Voting Members

Independent Members

Employees

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
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

FAMILY PROMISE OF GASTON COUNTY