GOOD CITY MENTORS

EIN: 383924980 501(c)(3)

SOUTHPORT, NC

Total Revenue
$187,836
Total Expenses
$372,820
Total Assets
$92,426
Net Assets
$73,700
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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
2016
Legal Domicile
CA
Phone
7046492656
Tax Period
2023-01-01 to 2023-12-31

GOOD CITY MENTORS, founded in 2016, is a small nonprofit that reported $188K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $373K exceeded revenue, resulting in a 98% operating deficit.

Mission

Good City Mentors partners inspiring professionals and creative brands with local high schools. Empowering youth through school-day mentorship. Our innovative team-mentoring model creates a mentoring community where everyone is invested in the success of the others.

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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 (2023)

Revenue Breakdown

Contributions & Grants $187,836
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $187,836

Expense Breakdown

Grants Paid $20,300
Salaries & Benefits $312,418
Fundraising Expenses $18,383
Program Expenses $323,730
Other Expenses $40,102
TOTAL EXPENSES $372,820

Year-over-Year Comparison

2023 2022 Change
Revenue $187,836 $265,019 -0.3%
Expenses $372,820 $293,575 +0.3%
Net Income $-184,984 $-28,556 +5.5%
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

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Governance

Voting Members
3
Independent Members
2
Employees
2
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
1
$174,676
Total Directors
3
$174,676
Key Employees
2
$295,627
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brian Larrabee CEO Treasurer 40.00
Officer Director Key Emp Highest
$119,423 $55,253 $174,676
Allyssa Larrabee Director of Programs Operations 40.00
Key Emp
$99,423 $21,528 $120,951
Koko Archibong Chairman of the Board 1.00
Director
$0 $0 $0
Gregory Ullerv 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
2023 $187,836 $372,820 $92,426 $-184,984
2022 $265,019 $293,575 $269,289 $-28,556
2021 $361,692 $242,888 $293,016 $118,804
2020 $291,602 $168,925 $168,620 $122,677
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