GASTON COLLEGE FOUNDATION (EIN 237079454) - 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

1968

Legal Domicile

Principal Officer

LUKE UPCHURCH

Phone

7049226511

Tax Period

2024-07-01 to 2025-06-30

GASTON COLLEGE FOUNDATION, founded in 1968, is a community nonprofit in the Education sector that reported $3.3M in total revenue in fiscal year 2024. Expenses of $2.8M left a modest 13% surplus.

Mission

THE MISSION OF THE GASTON COLLEGE FOUNDATION, INC. IS TO RAISE, INVEST, ADMINISTER AND DISBURSE FUNDS EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC OR EDUCATIONAL PURPOSES FOR THE BENEFIT OF GASTON COLLEGE.

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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 $2,862,330

Program Service Revenue $0

Investment Income $387,659

Other Revenue $18,526

TOTAL REVENUE $3,268,515

Expense Breakdown

Grants Paid $2,380,029

Salaries & Benefits $0

Fundraising Expenses $217,088

Program Expenses $2,555,374

Other Expenses $452,567

TOTAL EXPENSES $2,832,596

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,268,515	$3,389,600	0.0%
Expenses	$2,832,596	$3,290,865	-0.1%
Net Income	$435,919	$98,735	+3.4%

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

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

$515,658

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR CHRIS ELMORE	PRESIDENT	0.30	Officer Director	$0	$0	$0
REV DR JOAN MARTIN	VICE-PRESIDENT	0.30	Officer Director	$0	$0	$0
MR JALAL JOHN AZAR	TREASURER	0.30	Officer Director	$0	$0	$0
MR DAVID LEE	DIRECTOR	0.30	Officer Director	$0	$0	$0
THE HON JESSE CALDWELL	DIRECTOR	0.30	Director	$0	$0	$0
MR NAZRUL CHOWDHURY	DIRECTOR	0.30	Director	$0	$0	$0
MR ERIC CLAY	DIRECTOR	0.30	Director	$0	$0	$0
MR ALAN CLONINGER	DIRECTOR	0.30	Director	$0	$0	$0
MR MARTIN EADDY	DIRECTOR UNTIL 8/18/24	0.30	Director	$0	$0	$0
MR TIM EFIRD	DIRECTOR	0.30	Director	$0	$0	$0
MR CHAD GHORLEY	DIRECTOR	0.30	Director	$0	$0	$0
MR MARTY HALLMAN	DIRECTOR	0.30	Director	$0	$0	$0
MS CHRISTA HEILIG	DIRECTOR	0.30	Director	$0	$0	$0
MS IRIS HOPPER	DIRECTOR	0.30	Director	$0	$0	$0
MS JEN THOMAS	DIRECTOR	0.30	Director	$0	$0	$0
MS ROSALIND WELDER	DIRECTOR	0.30	Director	$0	$0	$0
DR JOHNATHAN WILLIAMS	DIRECTOR	0.30	Director	$0	$0	$0
DR JOHN HAUSER	SECRETARY	0.50	Officer	$0	$20,413	$360,633
MR LUKE UPCHURCH	EXECUTIVE DIRECTOR	10.00	Officer	$0	$6,600	$116,600
MR MIKE WHITEMAN	ASST. TREASURER	0.50	Officer	$0	$2,175	$38,425
MS SHELLY ALMAN	ASST. TREASURER UNTIL 02/2025	0.50	Officer	$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	$3,268,515	$2,832,596	$14,248,127	$435,919
2024	No data	No data	No data	No data
2023	$1,646,185	$1,554,676	$12,301,595	$91,509
2022	$1,301,240	$1,694,731	$12,075,685	$-393,491
2021	$3,541,914	$957,415	$14,131,671	$2,584,499
2020	$1,138,764	$1,401,919	$10,370,582	$-263,155
2019	$1,538,672	$741,519	$10,754,831	$797,153
2018	$793,469	$652,131	$9,812,406	$141,338

GASTON COLLEGE FOUNDATION