GASTONIA POLICE FOUNDATION INC

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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

IN PARTNERSHIP WITH THE GASTONIA POLICE, THE FOUNDATION STRIVES TO HELP PROMOTE THE DEPARTMENT'S MISSION OF "PROTECTING, SERVING AND ENCHANCING THE QUALITY OF LIFE FOR ALL" IN GASTONIA.

Program Service Accomplishments

Program 1

Expenses: $49,606

COMMUNITY ENGAGEMENT EVENTS - FUNDING OPPORTUNITIES FOR OFFICERS TO CONTRIBUTE TO AND PROVIDE EDUCATION WITHIN THEIR COMMUNITY. (A) OFFICERS SUPPORT DISADVANTAGED CHILDREN AND FAMILIES DURING THE...

COMMUNITY ENGAGEMENT EVENTS - FUNDING OPPORTUNITIES FOR OFFICERS TO CONTRIBUTE TO AND PROVIDE EDUCATION WITHIN THEIR COMMUNITY. (A) OFFICERS SUPPORT DISADVANTAGED CHILDREN AND FAMILIES DURING THE HOLIDAY SEASON AND BACK TO SCHOOL SEASON, INVOLVING ACTIVITIES LIKE SCHOOL SUPPLY SHOPPING WITH KIDS, THANKSGIVING TURKEY GIVEAWAYS, AND CHRISTMAS GIFT DONATIONS. (B) OFFERING YOUTH-FOCUSED EDUCATIONAL PROGRAMS WITHIN THE COMMUNITY, SUCH AS SUMMER LEADERSHIP CAMPS.

Program 2

Expenses: $13,685

EVENTS HONORING OFFICERS - OUR CALENDAR FEATURES EVENTS SUCH AS THE YEARLY APPRECIATION DINNER FOR OFFICERS AND STAFF, A FAMILY DAY GATHERING ON JULY 4TH WITH OFFICERS AND THEIR LOVED ONES, ALONG...

EVENTS HONORING OFFICERS - OUR CALENDAR FEATURES EVENTS SUCH AS THE YEARLY APPRECIATION DINNER FOR OFFICERS AND STAFF, A FAMILY DAY GATHERING ON JULY 4TH WITH OFFICERS AND THEIR LOVED ONES, ALONG WITH ADDITIONAL ACTIVITIES AIMED AT BACKING OUR LOCAL LAW ENFORCEMENT COMMUNITY.

Program 3

Expenses: $27,110

ASSISTING OFFICER REQUIREMENTS - OFFERING RESOURCES AND ITEMS ESSENTIAL FOR OFFICERS TO FULFILL THEIR RESPONSIBILITIES, WHICH ARE NOT COVERED BY GOVERNMENT FUNDING. SUCH SUPPORT COVERS SUPPLEMENTAL TRAINING, EXTRA SUPPLIES FOR PATROL VEHICLES, AND NECESSARY EQUIPMENT FOR OFFICER SUPPORT. HISTORICALLY, ACQUISITIONS HAVE COMPRISED TOURNIQUETS, AERIAL DRONES, PHOTOGRAPHIC GEAR, BICYCLES, AMONG OTHERS.

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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