AFRICAN AMERICAN QUILT GUILD OF GASTON COUNTY (EIN 264027517) - 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

2023

Legal Domicile

Principal Officer

BARBARA HART

Phone

7042155708

Tax Period

2024-01-01 to 2024-12-31

AFRICAN AMERICAN QUILT GUILD OF GASTON COUNTY, founded in 2023, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024. The organization ran a surplus of $1.8M, a strong 93% operating margin.

Mission

The mission is to encourage the love of quilting within the Guild and in the community by sharing the joy and art of quilting for others namely the sick and shut-in, the homeless and those in need, and also to other non-profit organizations. The Guild supplies quilts to the homeless and nursing homes in Gaston and surrounding areas

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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 $1,891,781

Program Service Revenue $0

Investment Income $8,460

Other Revenue $0

TOTAL REVENUE $1,900,241

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $139,413

Other Expenses $139,413

TOTAL EXPENSES $139,413

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,900,241	N/A	N/A
Expenses	$139,413	N/A	N/A
Net Income	$1,760,828	N/A	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Barbara Hart	President/Advisory Board	N/A	Director	$0	$0	$0
Melissa Reeves	Advisory Board	N/A	Director	$0	$0	$0
Rachel Lowery	Advisory Board	N/A	Director	$0	$0	$0
Sherry Hill	Advisory Board	N/A	Director	$0	$0	$0
Phyllis Phillips	Advisory Board/Treasurer	N/A	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	$1,900,241	$139,413	$1,778,133	$1,760,828

AFRICAN AMERICAN QUILT GUILD OF GASTON COUNTY