Aspire Youth & Family Inc

EIN: 300466165 501(c)(3) Crime & Legal

Balsam, NC

Total Revenue
$1,952,807
Total Expenses
$1,823,534
Total Assets
$761,766
Net Assets
$654,062
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NC
Principal Officer
Kimberly Castano
Phone
8286271329
Tax Period
2023-07-01 to 2024-06-30

Aspire Youth & Family Inc, founded in 2008, is a community nonprofit in the Crime & Legal sector that reported $2.0M in total revenue in fiscal year 2023. Expenses of $1.8M left a modest 7% surplus.

Mission

Our mission at Aspire Youth & Family is to assist young people in overcoming behavioral, emotional, or substance abuse obstacles, so they may realize their full potential.We provide counseling, life skills development, and education through experience, in a supportive environment that emphasizes the strengths of each individual.We also help our clients and their families strengthen their relationships through family counseling, family events, and parent support groups. Our staff works together as a team with commitment, honesty, and patience to serve as good partners for our clients.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $180,353
Program Service Revenue $1,759,176
Investment Income $3,941
Other Revenue $9,337
TOTAL REVENUE $1,952,807

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,218,815
Fundraising Expenses $67,044
Program Expenses $1,402,883
Other Expenses $604,719
TOTAL EXPENSES $1,823,534

Year-over-Year Comparison

2023 2022 Change
Revenue $1,952,807 $1,875,451 +0.0%
Expenses $1,823,534 $1,921,438 -0.1%
Net Income $129,273 $-45,987 -3.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
7
Employees
58
Volunteers
10

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
$112,111
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kimberly Castano Executive Dir. 40.00
Officer
$112,111 $0 $112,111
Renaye Owens Vice Chair 2.00
Officer Director
$0 $0 $0
Chris Jennings Secretary 2.00
Officer Director
$0 $0 $0
Patti Sharp Chair/Treasurer 4.00
Officer Director
$0 $0 $0
Angela Jones Director 1.00
Director
$0 $0 $0
Brenda Wilson Altman Director 1.00
Director
$0 $0 $0
Ibrahim Menafee Director 1.00
Director
$0 $0 $0
Dominique Honeycut Director 1.00
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 $1,952,807 $1,823,534 $761,766 $129,273
2023 $1,875,451 $1,921,438 $590,746 $-45,987
2022 $1,866,188 $1,847,102 $623,927 $19,086
2021 $1,530,344 $1,300,649 $629,394 $229,695
2020 $1,080,161 $1,023,374 $425,774 $56,787
2019 $594,013 $575,283 $281,072 $18,730
2018 $468,750 $491,008 $313,102 $-22,258
Explore More Nonprofits
Top 100 Nonprofits in North Carolina Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Aspire Youth & Family Inc with other nonprofits in North Carolina and across the country.