CENTRALINA FOUNDATION INC

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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

2023

Legal Domicile

Principal Officer

GERALDINE GARDNER

Phone

7043482704

Tax Period

2024-07-01 to 2025-06-30

CENTRALINA FOUNDATION INC, founded in 2023, is a small nonprofit in the Public & Societal Benefit sector that reported $783K in total revenue in fiscal year 2024.

Mission

SUPPORT ECONOMIC DEVELOPMENT IN THE CENTRALINA REGION.

Program Service Accomplishments

Program 1

THE CENTRALINA COLLABORATIVE GIVES OUR ORGANIZATION MORE OPPORTUNITIES TO EXPLORE NEW PARTNERSHIPS AND FUNDING SOURCES. AS A 501(C)3 NON-PROFIT CHARITABLE ORGANIZATION, THE COLLABORATIVE CAN APPLY...

THE CENTRALINA COLLABORATIVE GIVES OUR ORGANIZATION MORE OPPORTUNITIES TO EXPLORE NEW PARTNERSHIPS AND FUNDING SOURCES. AS A 501(C)3 NON-PROFIT CHARITABLE ORGANIZATION, THE COLLABORATIVE CAN APPLY FOR GRANTS FROM PHILANTHROPIC ORGANIZATIONS. ADDITIONAL FUNDING AND PARTNERSHIPS ARE BOTH KEY TO ENSURING CENTRALINA HAS THE RESOURCES TO SUPPORT OUR ONGOING ACTIVITIES AND INITIATIVES. THE COLLABORATIVE IS GOVERNED BY A BOARD OF TRUSTEES THAT MEETS FOUR TO SIX TIMES A YEAR TO ESTABLISH STRATEGIC PRIORITIES, APPROVE BUDGETS AND OVERSEE PARTNERSHIPS.

Program 2

Expenses: $1,637

CLEAN CITIES - A COALITION THAT WORKS WITH VEHICLE FLEETS, FUEL PROVIDERS, COMMUNITY LEADERS, AND OTHER STAKEHOLDERS TO IDENTIFY COMMUNITY-DRIVEN CHOICES THAT SAVE ENERGY AND PROMOTE THE USE OF...

CLEAN CITIES - A COALITION THAT WORKS WITH VEHICLE FLEETS, FUEL PROVIDERS, COMMUNITY LEADERS, AND OTHER STAKEHOLDERS TO IDENTIFY COMMUNITY-DRIVEN CHOICES THAT SAVE ENERGY AND PROMOTE THE USE OF ALTERNATIVE FUELS AND ADVANCED VEHICLE TECHNOLOGIES IN TRANSPORTATION.

Program 3

Expenses: $778,118

DOGWOOD TRUST - THIS GRANT WILL SUPPORT THE 5 WESTERN NORTH CAROLINA COUNCIL OF GOVERNMENTS ("COG") IN RETAINING CONSULTANTS TO PROVIDE TECHNICAL ASSISTANCE TO LOCAL GOVERNMENTS AFFECTED BY HELENE.

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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 $783,368

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $783,368

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $779,755

Other Expenses $782,413

TOTAL EXPENSES $782,413

Year-over-Year Comparison

	2024	2023	Change
Revenue	$783,368	N/A	N/A
Expenses	$782,413	N/A	N/A
Net Income	$955	N/A	N/A

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

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
GERALDINE GARDNER	PRESIDENT	2.00	Director	$0	$0	$0
TONY LONG	BOARD MEMBER	2.00	Director	$0	$0	$0
JAY MCCOSH	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID SCHOLL	BOARD CHAIR	2.00	Director	$0	$0	$0
JARVIS WOODBURN	BOARD MEMBER	2.00	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
2025	$783,368	$782,413	$313,773	$955