BATES COUNTY INDUSTRIES INC (EIN 550792195) - 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

2002

Legal Domicile

Principal Officer

ALVIN GRIFFIN

Phone

6606793667

Tax Period

2023-07-01 to 2024-06-30

BATES COUNTY INDUSTRIES INC, founded in 2002, is a small nonprofit in the Employment sector that reported $637K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO CONDUCT AN EXTENDED EMPLOYMENT SHELTERED WORKSHOP PROGRAM, TO PROVIDE PRODUCTIVE EMPLOYMENT TO PERSONS WITH DISABILITIES OVER THE AGE OF 16 YEARS, AND TO PROVIDE OTHER VOCATIONAL OR HABILITATIVE PROGRAMS WHICH ENHANCE THE DEVELOPMENT OF INDEPENDENCE AND QUALITY OF LIFE FOR PERSONS WITH DISABILITIES.

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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 $521,240

Program Service Revenue $65,487

Investment Income $0

Other Revenue $50,000

TOTAL REVENUE $636,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $448,197

Fundraising Expenses $0

Program Expenses $487,177

Other Expenses $247,477

TOTAL EXPENSES $695,674

Year-over-Year Comparison

	2023	2022	Change
Revenue	$636,727	$566,200	+0.1%
Expenses	$695,674	$563,854	+0.2%
Net Income	$-58,947	$2,346	-26.1%

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
JERRY FERGUSON	BOARD MEMBER	N/A	Director	$0	$0	$0
ANGIE KAUFFMAN	BOARD MEMBER	N/A	Director	$0	$0	$0
LINDA PALMER	BOARD MEMBER	N/A	Director	$0	$0	$0
LEE TAYLOR	BOARD MEMBER	N/A	Director	$0	$0	$0
MARLENE WAINSCOTT	BOARD MEMBER	N/A	Director	$0	$0	$0
LYNN BAGBY	TREASURER	N/A	Officer	$0	$0	$0
NADJA GARDNER	SECRETARY	N/A	Officer	$0	$0	$0
ALVIN GRIFFIN	PRESIDENT	N/A	Officer	$0	$0	$0
CARL STANFILL	V. 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
2024	$328,232	$393,526	$915,491	$-65,294
2024	$636,727	$695,674	$1,010,276	$-58,947
2023	$566,200	$563,854	$1,055,050	$2,346
2022	$416,435	$444,059	$1,060,855	$-27,624
2021	$327,885	$270,399	$1,064,573	$57,486
2020	$350,613	$347,613	$1,025,632	$3,000
2019	$1,058,599	$535,956	$1,058,296	$522,643

BATES COUNTY INDUSTRIES INC