SPECIAL TREASURES OF IREDELL COUNTY (EIN 472423530) - 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

2014

Legal Domicile

Principal Officer

KATHY KRANZ

Phone

7048737015

Tax Period

2023-01-01 to 2023-12-31

SPECIAL TREASURES OF IREDELL COUNTY, founded in 2014, is a small nonprofit in the Human Services sector that reported $840K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $287K, a strong 34% operating margin.

Mission

TO PROVIDE WORK OPPORTUNITIES FOR FOSTER YOUTH AND YOUNG ADULTS. THE ORGANIZATION PROVIDES THE OPPORTUNITY TO LEARN SALES, MERCHANDISING, FURNITURE REUPOLSTERING, PAINTING AND REPAIR. THEY ALSO HELP TO OBTAIN INTERNSHIPS AND COMMUNITY MENTORS FOR FOSTER YOUTH AND PROVIDE TRANSITIONAL HOUSING TO THOSE WHO ARE NO LONGER ELIGIBLE FOR FOSTER CARE. THE ORGANIZATION ALSO PROVIDES SUPPORT TO YOUNG ADULTS THAT HAVE AGED OUT OF THE FOSTER SYSTEM AS THEY TRANSITION TO INDEPENDENT LIVING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $184,898

Program Service Revenue $615,429

Investment Income $39,734

Other Revenue $0

TOTAL REVENUE $840,061

Expense Breakdown

Grants Paid $0

Salaries & Benefits $283,378

Fundraising Expenses $0

Program Expenses $482,704

Other Expenses $269,975

TOTAL EXPENSES $553,353

Year-over-Year Comparison

	2023	2022	Change
Revenue	$840,061	$727,937	+0.2%
Expenses	$553,353	$542,999	+0.0%
Net Income	$286,708	$184,938	+0.6%

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

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
KAREN EVANS	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
DON KOEPNICK	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
KATHY KRANZ	PRESIDENT	2.00	Director	$0	$0	$0
PATRICIA SCHLAGETER	BOARD MEMBER	1.00	Director	$0	$0	$0
TAUSHA SIMPSON	TREASURER	4.00	Director	$0	$0	$0
BRENDA SPEECE	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES STAPLES	BAORD MEMBER	1.00	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	No data	No data	No data	No data
2023	$840,061	$553,353	$1,762,450	$286,708
2022	$727,937	$542,999	$1,483,983	$184,938
2021	$772,780	$455,695	$1,288,643	$317,085
2020	$583,005	$339,504	$984,034	$243,501
2019	$452,851	$469,607	$728,103	$-16,756
2018	$611,225	$545,115	$732,449	$66,110

SPECIAL TREASURES OF IREDELL COUNTY