United Way of Iredell County Inc (EIN 560792674) - 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

1954

Legal Domicile

Principal Officer

Shannon Viera

Phone

7048723000

Tax Period

2024-07-01 to 2025-06-30

United Way of Iredell County Inc, founded in 1954, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 9% surplus.

Mission

Volunteer organization dedicated to enriching the quality of life by uniting citizens and agencies in a community-wide effort to plan, support, deliver, and monitor effective health an human care services responsive to community needs.

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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 $1,295,150

Program Service Revenue $0

Investment Income $412,079

Other Revenue $76,228

TOTAL REVENUE $1,783,457

Expense Breakdown

Grants Paid $935,764

Salaries & Benefits $388,458

Fundraising Expenses $150,468

Program Expenses $1,338,454

Other Expenses $291,972

TOTAL EXPENSES $1,616,194

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,783,457	$1,439,804	+0.2%
Expenses	$1,616,194	$1,267,379	+0.3%
Net Income	$167,263	$172,425	0.0%

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

Volunteers

1100

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

$91,586

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brett Eckerman	Executive Dir.	50.00	Officer	$88,919	$2,667	$91,586
Dawn Kufahl	Director	1.00	Director	$0	$0	$0
Kelly Smith	Director	3.00	Director	$0	$0	$0
Dr Jeff James	VP Collab.	6.00	Director	$0	$0	$0
Gregory Cain	Director	3.00	Director	$0	$0	$0
Leigh Whitfield	Director	3.00	Director	$0	$0	$0
Melanie Sleime	Director	3.00	Director	$0	$0	$0
Ray Englebert	At Large	3.00	Director	$0	$0	$0
Steve Garrett	VP Comm. Inv.	6.00	Director	$0	$0	$0
Sherisha Hills	Director	3.00	Director	$0	$0	$0
Beth Mull	Director	3.00	Director	$0	$0	$0
Carolyn Lent	Director	3.00	Director	$0	$0	$0
Chris Nichols	Director	3.00	Director	$0	$0	$0
Dawne Clark	Past President	3.00	Director	$0	$0	$0
Dianne Sanders	Director	3.00	Director	$0	$0	$0
Erskine Smith	President	8.00	Officer Director	$0	$0	$0
Kim Atwell	Director	3.00	Director	$0	$0	$0
Maureen Moore	Director	3.00	Director	$0	$0	$0
Michael Cook	VP Planning	6.00	Director	$0	$0	$0
Nancy Rath	Director	3.00	Director	$0	$0	$0
Ron Smith	Director	3.00	Director	$0	$0	$0
Shannon Viera	Director	3.00	Director	$0	$0	$0
Tanae Sump McLean	Director	3.00	Director	$0	$0	$0
Cathy Chambers	At Large	3.00	Director	$0	$0	$0
David Addison	VP Housing	6.00	Director	$0	$0	$0
Dr Nelson Granade	Endowment Chair	6.00	Director	$0	$0	$0
Jeff Bardoni	Campaign Chair	6.00	Director	$0	$0	$0
Lisa Meier	Director	3.00	Director	$0	$0	$0
Melissa Prevette	Treasurer	8.00	Officer Director	$0	$0	$0
Nakayla Griffin	Director	3.00	Director	$0	$0	$0
Zach Gordon	Director	3.00	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	$1,783,457	$1,616,194	$4,337,926	$167,263
2024	$1,439,804	$1,267,379	$3,940,901	$172,425
2023	$946,836	$1,198,723	$3,955,462	$-251,887
2022	$683,964	$1,004,640	$3,864,133	$-320,676
2021	$1,851,508	$1,215,130	$4,609,422	$636,378
2020	$2,302,091	$1,017,938	$3,712,772	$1,284,153
2019	$1,624,011	$923,386	$2,808,301	$700,625

United Way of Iredell County Inc