GTCC INNOVATIVE RESOURCES CORP (EIN 460940073) - Form 990 Financial Analysis & Trantor Score

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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

2012

Legal Domicile

Principal Officer

ANGELA CARTER

Phone

3363344822

Tax Period

2024-07-01 to 2025-06-30

GTCC INNOVATIVE RESOURCES CORP, founded in 2012, is a micro nonprofit in the Education sector that reported $67K in total revenue in fiscal year 2024. Revenue surged 2482% from the prior year, signaling strong growth momentum. Net assets of $590K represent 105 months of operating reserves.

Mission

GTCC INNOVATIVE RESOURCES CORPORATION'S (GIRC) PURPOSE IS TO AID, SUPPORT AND PROMOTE TEACHING AND SERVICE IN THE VARIOUS EDUCATIONAL, PROFESSIONAL, ARTISTIC AND CREATIVE ENDEAVORS OF GUILFORD TECHNICAL COMMUNITY COLLEGE (GTCC). GIRC WILL PROMOTE ENTREPENEURIALISM BY INVESTING IN THE PROFESSIONAL, ARTISTIC AND CREATIVE ENDEAVORS OF GTCC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,058

Program Service Revenue $5,351

Investment Income $60,974

Other Revenue $0

TOTAL REVENUE $67,383

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,059

Other Expenses $71,779

TOTAL EXPENSES $71,779

Year-over-Year Comparison

	2024	2023	Change
Revenue	$67,383	$2,610	+24.8%
Expenses	$71,779	$512,572	-0.9%
Net Income	$-4,396	$-509,962	-1.0%

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

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

$591,426

Total Directors

$319,324

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR ANTHONY CLARKE	EX-OFFICIO DIRECTOR	1.00	Officer Director	$0	$25,955	$319,324
ZACK MATHENY	SECRETARY	1.00	Officer Director	$0	$0	$0
MATT SOULE	EX-OFFICIO DIRECTOR	1.00	Director	$0	$0	$0
LOREN HILL	AT-LARGE DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM LEVETTE	AT-LARGE DIRECTOR	1.00	Director	$0	$0	$0
ANGELA CARTER	TREASURER	1.00	Officer	$0	$83,153	$272,102

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
2025	$67,383	$71,779	$590,674	$-4,396
2024	$2,610	$512,572	$594,786	$-509,962
2023	$43,103	$42,765	$1,104,748	$338
2022	$134,506	$169,298	$1,108,502	$-34,792
2021	$133,245	$170,167	$1,167,928	$-36,922
2020	$567,129	$447,027	$1,336,784	$120,102
2019	$727,071	$341,866	$1,276,295	$385,205

GTCC INNOVATIVE RESOURCES CORP