ASHEVILLE COMMUNITY YOGA CENTERINC

EIN: 371636382 501(c)(3) Human Services

ASHEVILLE, NC

Total Revenue
$655,320
Total Expenses
$636,763
Total Assets
$1,653,669
Net Assets
$688,193
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
NC
Principal Officer
MICHAEL GREENFIELD
Phone
8282520029
Tax Period
2024-01-01 to 2024-12-31

ASHEVILLE COMMUNITY YOGA CENTERINC, founded in 2011, is a small nonprofit in the Human Services sector that reported $655K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

ASHEVILLE COMMUNITY YOGAS MISSION IS TO SERVE THE COMMUNITY BY OFFERING DONATION BASED YOGA, HEALTH SERVICES, AND COMMUNITY OUTREACH, WHILE INSPIRING OUR MEMBERS TO BRING THEIR YOGA OUT INTO THE WORLD IN THE FORM OF SELFLESS SERVICE. THE GENERAL PURPOSES OF THE CENTER ARE: 1) PROVIDE YOGA CLASSES TO THE COMMUNITY REGARDLESS OF ABILITY TO PAY 2) TO PROMOTE COMMUNITY AWARENESS OF THE VALUE OF YOGA 3) OFFER EDUCATIONAL WORKSHOPS TO STUDENTS 4) PROVIDE YOGA TEACHER TRAININGS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $498,802
Program Service Revenue $130,529
Investment Income $47
Other Revenue $25,942
TOTAL REVENUE $655,320

Expense Breakdown

Grants Paid $0
Salaries & Benefits $328,218
Fundraising Expenses $714
Program Expenses $636,049
Other Expenses $308,545
TOTAL EXPENSES $636,763

Year-over-Year Comparison

2024 2023 Change
Revenue $655,320 $567,528 +0.2%
Expenses $636,763 $588,563 +0.1%
Net Income $18,557 $-21,035 -1.9%
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
5
Independent Members
3
Employees
14
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
3
$32,667
Total Directors
5
$62,667
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL GREENFIELD DIRECTOR 40.00
Officer Director
$32,667 $0 $32,667
AMBER ACHESON ASSISTANT DI 40.00
Director
$30,000 $0 $30,000
SONYA COSTELLO TRUSTEE N/A
Director
$0 $0 $0
MICHAEL MURPHY BOARD PRES/T N/A
Officer Director
$0 $0 $0
MITCH ORLAND BOARD SECRET N/A
Officer 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
2024 $655,320 $636,763 $1,653,669 $18,557
2023 $567,528 $588,563 $1,677,293 $-21,035
2022 $363,992 $534,599 $2,183,361 $-170,607
2021 $558,140 $472,362 $3,176,909 $85,778
2020 $624,462 $492,624 $2,416,549 $131,838
2019 $1,027,545 $1,018,907 $2,390,979 $8,638
2018 $833,005 $735,622 $2,468,636 $97,383
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