TRI-COUNTY YOUTH SERVICES INC

EIN: 311779171 501(c)(3)

WALLACE, NC

Total Revenue
$201,204
Total Expenses
$213,908
Total Assets
$32,734
Net Assets
N/A
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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
2002
Legal Domicile
NC
Principal Officer
FELIX HERRING
Phone
9106167173
Tax Period
2022-07-01 to 2023-06-30

TRI-COUNTY YOUTH SERVICES INC, founded in 2002, is a small nonprofit that reported $201K in total revenue in fiscal year 2022. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

Charitable, Preventing Cruelty to Children

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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 (2022)

Revenue Breakdown

Contributions & Grants $8,750
Program Service Revenue $192,454
Investment Income $0
Other Revenue $0
TOTAL REVENUE $201,204

Expense Breakdown

Grants Paid $0
Salaries & Benefits $103,346
Fundraising Expenses $0
Program Expenses $213,908
Other Expenses $110,562
TOTAL EXPENSES $213,908

Year-over-Year Comparison

2022 2021 Change
Revenue $201,204 $167,180 +0.2%
Expenses $213,908 $162,748 +0.3%
Net Income $-12,704 $4,432 -3.9%
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
6
Independent Members
5
Employees
14
Volunteers
6

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
6
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FELIX HERRING PRESIDENT 40
Officer
$0 $0 $0
KAROL LARA HERRING SECRETARY 1
Officer
$0 $0 $0
WILLIAM JEFFERS BOARD MEMBER 1
Officer
$0 $0 $0
STEPHANIE NEWKIRK VICE-PRESIDENT 1
Officer
$0 $0 $0
DENISE MITCHELL BOARD MEMBER 1
Officer
$0 $0 $0
BRENDA SCARBOUGH BOARD MEMBER 1
Officer
$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 No data No data No data No data
2023 $201,204 $213,908 $32,734 $-12,704
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