UNITED FUND OF STOKES COUNTY INC

EIN: 237135060 501(c)(3) Philanthropy & Grantmaking

DANBURY, NC

Total Revenue
$151,707
Total Expenses
$123,725
Total Assets
$202,176
Net Assets
$199,469
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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
1958
Legal Domicile
NC
Principal Officer
SABRINA GATEWOOD
Phone
3365938904
Tax Period
2024-01-01 to 2024-12-31

UNITED FUND OF STOKES COUNTY INC, founded in 1958, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $152K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $28K, a strong 18% operating margin.

Mission

PROVIDING ASSISTANCE TO ORGANIZATIONS MEETING THE NEEDS OF STOKES COUNTY CITIZENS

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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 (2024)

Revenue Breakdown

Contributions & Grants $95,310
Program Service Revenue $0
Investment Income $56,397
Other Revenue $0
TOTAL REVENUE $151,707

Expense Breakdown

Grants Paid $84,456
Salaries & Benefits $19,411
Fundraising Expenses $12,548
Program Expenses $96,381
Other Expenses $19,858
TOTAL EXPENSES $123,725

Year-over-Year Comparison

2024 2023 Change
Revenue $151,707 $109,993 +0.4%
Expenses $123,725 $118,576 +0.0%
Net Income $27,982 $-8,583 -4.3%
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

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Governance

Voting Members
13
Independent Members
13
Employees
1
Volunteers
13

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
12
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEREK EDWARDS BOARD MEMBER 5.00
Director
$0 $0 $0
TRACEY COLLINS BOARD MEMBER 5.00
Director
$0 $0 $0
HOMER DEARMIN BOARD MEMBER 5.00
Director
$0 $0 $0
JANELLE KENT BOARD MEMBER 5.00
Director
$0 $0 $0
TORY MABE BOARD MEMBER 5.00
Director
$0 $0 $0
LINDA MOORE BOARD MEMBER 5.00
Director
$0 $0 $0
PAM TILLMAN BOARD MEMBER 5.00
Director
$0 $0 $0
DEAN GORDON BOARD MEMBER 2.00
Director
$0 $0 $0
ROBIN GREY BOARD MEMBER 2.00
Director
$0 $0 $0
JAMIE STOWE BOARD MEMBER 2.00
Director
$0 $0 $0
STACI WATKINS BOARD MEMBER 2.00
Director
$0 $0 $0
SABRINA GATEWOOD BOARD MEMBER 5.00
Officer Director
$0 $0 $0
GERALD JONES PRESIDENT 10.00
Officer
$0 $0 $0
NANCY CAVANAUGH SECRETARY 5.00
Officer
$0 $0 $0
TAMMY BOWLES TREASURER 5.00
Officer
$0 $0 $0
MEGAN BENNETT EXECUTIVE DIRECTOR 20.00
Key Emp
$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 $151,707 $123,725 $202,176 $27,982
2023 $109,993 $118,576 $224,237 $-8,583
2022 $24,504 $126,466 $243,337 $-101,962
2021 $93,828 $103,498 $320,440 $-9,670
2020 $150,305 $115,355 $300,890 $34,950
2019 $153,217 $128,779 $290,528 $24,438
2018 $110,990 $152,846 $284,150 $-41,856
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