GATE CITY ROTARY FOUNDATION INC

EIN: 204514737 501(c)(3) Philanthropy & Grantmaking

GREENSBORO, NC

Total Revenue
$31,493
Total Expenses
$39,014
Total Assets
$423,188
Net Assets
$423,188
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
NC
Principal Officer
BRAD GILE
Phone
3362070084
Tax Period
2023-07-01 to 2024-06-30

GATE CITY ROTARY FOUNDATION INC, founded in 2006, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $31K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $39K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO SUPPORT WORTHWHILE CHARITABLE ORGANIZATIONS THROUGHOUT THE COMMUNITY AND THE WORLD AND PROVIDE COLLEGE SCHOLARSHIPS TO DESERVING STUDENTS IN THE LOCAL COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,929
Program Service Revenue $0
Investment Income $8,714
Other Revenue $15,850
TOTAL REVENUE $31,493

Expense Breakdown

Grants Paid $35,030
Salaries & Benefits $0
Fundraising Expenses $500
Program Expenses $35,030
Other Expenses $3,984
TOTAL EXPENSES $39,014

Year-over-Year Comparison

2023 2022 Change
Revenue $31,493 $34,238 -0.1%
Expenses $39,014 $27,988 +0.4%
Net Income $-7,521 $6,250 -2.2%
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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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
57

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
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRAD GILE PRESIDENT 1.00
Officer Director
$0 $0 $0
JON FULTON PRESIDENT ELECT 1.00
Director
$0 $0 $0
DAVID LILLARD PRESIDENT NOMINEE 1.00
Director
$0 $0 $0
DAVID GLEN WHITE TREASURER 1.00
Officer Director
$0 $0 $0
MICHAEL CRAIG SECRETARY 1.00
Officer Director
$0 $0 $0
JAMES PEGRAM SERVICE CHAIR 1.00
Director
$0 $0 $0
RICHARD DUTCH MEMBERSHIP CHAIR 1.00
Director
$0 $0 $0
GUY RIBANDO FOUNDATION CHAIR 1.00
Officer Director
$0 $0 $0
AMY JACOBSON SUNSET CHAIR 1.00
Director
$0 $0 $0
CHARLOTTE MUELLER YOUTH SERVICES CHAIR 1.00
Director
$0 $0 $0
KELLEY RICKARD PUBLIC IMAGE CHAIR 1.00
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
2025 No data No data No data No data
2024 $31,493 $39,014 $423,188 $-7,521
2023 $34,238 $27,988 $393,167 $6,250
2022 $62,980 $43,954 $372,843 $19,026
2021 $67,138 $18,642 $407,482 $48,496
2020 $20,412 $23,616 $300,057 $-3,204
2019 $58,835 $54,777 $308,930 $4,058
2018 $49,281 $38,045 $304,303 $11,236
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