GORGONS HEAD LODGE INC (EIN 204940253) - 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

2005

Legal Domicile

Principal Officer

JORDAN GUSSENHOVEN

Phone

9196210943

Tax Period

2024-01-01 to 2024-12-31

GORGONS HEAD LODGE INC, founded in 2005, is a micro nonprofit in the Recreation & Sports sector that reported $31K in total revenue in fiscal year 2024. Expenses of $55K exceeded revenue, resulting in a 76% operating deficit.

Mission

TO GIVE PERMANENCE TO A SOCIAL CLUB COMPOSED PRIMARILY OF STUDENTS OF THE UNIVERSITY OF NORTH CAROLINA AND TO PRESERVE HISTORICAL CLUB ASSETS.

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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 $24,350

Program Service Revenue $0

Investment Income $6,585

Other Revenue $0

TOTAL REVENUE $30,935

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $54,352

Other Expenses $54,559

TOTAL EXPENSES $54,559

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,935	$32,384	0.0%
Expenses	$54,559	$62,198	-0.1%
Net Income	$-23,624	$-29,814	-0.2%

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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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
BILLY ARMFIELD	DIRECTOR	1.00	Director	$0	$0	$0
SAM BRATTON	DIRECTOR	1.00	Director	$0	$0	$0
GRAHAM CARROLL	ALUMNI LIASO	1.00	Director	$0	$0	$0
MACON CARROLL	DIRECTOR	1.00	Director	$0	$0	$0
ROBBIE CARROLL	VICE-PRESIDE	2.00	Officer Director	$0	$0	$0
MATTHEW COOK	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN GUSSENHOVEN	TREASURER	2.00	Officer Director	$0	$0	$0
WALKER HOBSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN KERR	DIRECTOR	1.00	Director	$0	$0	$0
NAT KLUTTZ	SECRETARY	2.00	Officer Director	$0	$0	$0
STEWART LITTLE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN NASH	DIRECTOR	1.00	Director	$0	$0	$0
ROB RAGSDALE	DIRECTOR	1.00	Director	$0	$0	$0
BILL ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
JOHNSTON SIFLY	DIRECTOR	1.00	Director	$0	$0	$0
RIXEY TODD	DIRECTOR	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
2024	$30,935	$54,559	$783,207	$-23,624
2023	$32,384	$62,198	$803,147	$-29,814
2022	$19,866	$61,321	$837,221	$-41,455
2021	$41,920	$58,210	$881,656	$-16,290
2020	$23,379	$55,124	$894,295	$-31,745
2019	$42,531	$71,631	$929,267	$-29,100
2018	$44,658	$91,235	$956,791	$-46,577

GORGONS HEAD LODGE INC