GASTONIA POLICE FOUNDATION INC (EIN 264509829) - 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

2009

Legal Domicile

Principal Officer

DAVID MASTERS

Phone

7048670264

Tax Period

2024-07-01 to 2025-06-30

GASTONIA POLICE FOUNDATION INC, founded in 2009, is a micro nonprofit in the Crime & Legal sector that reported $99K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

TO INCREASE EXCELLENCE IN POLICING WHILE FACILITATING TANGIBLE, POSITIVE CHANGE IN THE COMMUNITY BY SUPPORTING ENDEAVORS THAT WORK TO IMPROVE THE QUALITY OF LIFE FOR ALL.

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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 $58,460

Program Service Revenue $0

Investment Income $0

Other Revenue $40,367

TOTAL REVENUE $98,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $90,401

Other Expenses $98,085

TOTAL EXPENSES $98,085

Year-over-Year Comparison

	2024	2023	Change
Revenue	$98,827	$76,740	+0.3%
Expenses	$98,085	$48,080	+1.0%
Net Income	$742	$28,660	-1.0%

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

100

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
DAVID MASTERS	PRESIDENT	5.00	Officer Director	$0	$0	$0
DAVID FERGUSON	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
VICTORIA L BLAIR	TREASURER	2.00	Officer Director	$0	$0	$0
JONA BAUER	SECRETARY	2.00	Officer Director	$0	$0	$0
GILES BEAL	DIRECTOR	N/A	Director	$0	$0	$0
DAVID BRUMBAUGH	DIRECTOR	N/A	Director	$0	$0	$0
SHEREE PRUETT	DIRECTOR	N/A	Director	$0	$0	$0
CLAY GIBSON	DIRECTOR	1.00	Director	$0	$0	$0
MIKE GIBSON	DIRECTOR	1.00	Director	$0	$0	$0
WALTER KIMBLE	DIRECTOR	N/A	Director	$0	$0	$0
PHIL NIXON	DIRECTOR	N/A	Director	$0	$0	$0
JOHN BOILIN	DIRECTOR	N/A	Director	$0	$0	$0
WESLEY STYERS	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS TOLBERT	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WHATLEY	DIRECTOR	N/A	Director	$0	$0	$0
MEG CHAPMAN	DIRECTOR	N/A	Director	$0	$0	$0
CHARLES LIFFORD	DIRECTOR	N/A	Director	$0	$0	$0
BEVERLY BOREL	DIRECTOR	N/A	Director	$0	$0	$0
KAY WITHERS	DIRECTOR	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	$98,827	$98,085	$180,342	$742
2024	$76,740	$48,080	$179,600	$28,660
2023	$32,057	$42,795	$150,940	$-10,738
2022	$54,627	$33,872	$161,678	$20,755
2021	$80,514	$19,551	$140,923	$60,963
2020	$46,176	$34,409	$79,960	$11,767
2019	$50,423	$81,000	$68,193	$-30,577

GASTONIA POLICE FOUNDATION INC