BOBBY LABONTE 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

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.

Program Service Accomplishments

Program 1

Expenses: $41,300

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

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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 (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

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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

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

Total Directors

Key Employees

Highest Compensated

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