GASTON AREA LUTHERAN FOUNDATION INC (EIN 204427421) - 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

2006

Legal Domicile

Principal Officer

GEORGE RHYNE

Phone

7049228124

Tax Period

2023-10-01 to 2024-09-30

GASTON AREA LUTHERAN FOUNDATION INC, founded in 2006, is a micro nonprofit in the Housing & Shelter sector that reported $21K in total revenue in fiscal year 2023. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $157K exceeded revenue, resulting in a 632% operating deficit.

Mission

TO DEVELOP CONTINUOUS CARE RETIREMENT COMMUNITIES, PROVIDING A CONTINUUM OF HIGH QUALITY CARE FOR SENIORS IN THE TRI-COUNTY AREA IN AN ATMOSPHERE OF EXEMPLARY CHRISTIAN MINISTRY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $16,826

Program Service Revenue $4,653

Investment Income $13

Other Revenue $0

TOTAL REVENUE $21,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $144,564

Other Expenses $157,396

TOTAL EXPENSES $157,396

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,492	$628,731	-1.0%
Expenses	$157,396	$730,010	-0.8%
Net Income	$-135,904	$-101,279	+0.3%

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

N/A

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
GEORGE RHYNE	PRESIDENT/DI	1.00	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
2024	$21,492	$157,396	$1,519,399	$-135,904
2023	$628,731	$730,010	$1,655,301	$-101,279
2022	$243,349	$641,128	$1,772,232	$-397,779
2021	$1,648,718	$1,397,672	$2,230,088	$251,046
2020	$1,228,130	$1,261,440	$2,133,763	$-33,310
2019	$1,041,886	$1,061,145	$2,056,805	$-19,259
2018	$63,606	$175	$2,190,056	$63,431

GASTON AREA LUTHERAN FOUNDATION INC