THE ARC OF GASTON COUNTY INC (EIN 560771889) - 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

1959

Legal Domicile

Principal Officer

JENNIFER HAMRICK

Tax Period

2023-07-01 to 2024-06-30

THE ARC OF GASTON COUNTY INC, founded in 1959, is a micro nonprofit in the Mental Health sector that reported $50K in total revenue in fiscal year 2023. Expenses of $55K exceeded revenue, resulting in a 10% operating deficit.

Mission

THE ARC OF GASTON COUNTY INC ADMINISTERS AN ADVOCACY PROGRAM FOR PERSONS WITH MENTAL ILLNESSES, FURNISHING EDUCATION AWARENESS, PROGRAMMING, LITERATURE, CARE MANAGEMENT AND REFERRALS TO MAJOR PROGRAMS UNDER UMBRELLA SERVICES.

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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 $22,517

Program Service Revenue $19,425

Investment Income $0

Other Revenue $7,630

TOTAL REVENUE $49,572

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,429

Fundraising Expenses $1,937

Program Expenses $19,204

Other Expenses $22,104

TOTAL EXPENSES $54,533

Year-over-Year Comparison

	2023	2022	Change
Revenue	$49,572	$49,565	+0.0%
Expenses	$54,533	$53,371	+0.0%
Net Income	$-4,961	$-3,806	+0.3%

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

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
CLARA PAINTER	BOARD MEMBER	0.00	Director	$0	$0	$0
TRACEY BUZZEO	BOARD MEMBER	0.00	Director	$0	$0	$0
STACEY HUFFMAN	BOARD MEMBER	0.00	Director	$0	$0	$0
STACY WATSON	BOARD MEMBER	0.00	Director	$0	$0	$0
MARTIN LINEBERGER	VICE PRESIDENT	0.00	Director	$0	$0	$0
JENNIFER HAMRICK	PRESIDENT	0.00	Officer	$0	$0	$0
GLENDA CLARK	BOARD MEMBER	0.00	Officer	$0	$0	$0
PAMELA GAFF	TREASURER	0.00	Officer	$0	$0	$0
SARA OSBORNE	DIRECTOR	40.00	Key Emp	$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	No data	No data	No data	No data
2024	$49,572	$54,533	$46,648	$-4,961
2023	$49,565	$53,371	$52,411	$-3,806
2022	$66,327	$46,143	$56,217	$20,184
2021	$76,619	$57,093	$36,042	$19,526
2020	$72,759	$88,417	$27,737	$-15,658
2018	$72,572	$86,737	$30,969	$-14,165

THE ARC OF GASTON COUNTY INC