BOBBY LABONTE FOUNDATION INC

EIN: 364898697 501(c)(3) Community Improvement

HIGH POINT, NC

Total Revenue
$103,610
Total Expenses
$112,258
Total Assets
$2,572
Net Assets
$2,572
🔒

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
2018
Principal Officer
ROBERT A LABONTE
Phone
3369185719
Tax Period
2021-01-01 to 2021-12-31

BOBBY LABONTE FOUNDATION INC, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $104K in total revenue in fiscal year 2021. Revenue surged 661% from the prior year, signaling strong growth momentum.

Mission

TO SUPPORT CHARITIES THROUGHOUT NORTH CAROLINA WHO PROVIDE HELP TO FAMILIES AND CHILDREN IN NEED.

🔒

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 (2021)

Revenue Breakdown

Contributions & Grants $103,610
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $103,610

Expense Breakdown

Grants Paid $40,500
Salaries & Benefits $0
Fundraising Expenses $70,958
Program Expenses $41,300
Other Expenses $71,758
TOTAL EXPENSES $112,258

Year-over-Year Comparison

2021 2020 Change
Revenue $103,610 $13,609 +6.6%
Expenses $112,258 $17,003 +5.6%
Net Income $-8,648 $-3,394 +1.5%
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
5
Independent Members
5
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CYNTHIA JARRELL DIRECTOR N/A
Director
$0 $0 $0
BARBARA MARSHALL DIRECTOR N/A
Director
$0 $0 $0
KELLI MCDOWEL DIRECTOR N/A
Director
$0 $0 $0
KRISTIN LABONTE SECRETARY N/A
Officer
$0 $0 $0
ROBERT A LABONTE PRESIDENT N/A
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
2021 $103,610 $112,258 $2,572 $-8,648
2020 $13,609 $17,003 $11,220 $-3,394
2019 $100,736 $120,499 $14,614 $-19,763
2018 $174,512 $140,135 $34,377 $34,377
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare BOBBY LABONTE FOUNDATION INC with other nonprofits in North Carolina and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.