GASTON COMMUNITY ACTION INC (EIN 560841937) - 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

1964

Legal Domicile

Principal Officer

JOSEPH W DIXON

Phone

7048612283

Tax Period

2024-07-01 to 2025-06-30

GASTON COMMUNITY ACTION INC, founded in 1964, is a community nonprofit in the Human Services sector that reported $7.1M in total revenue in fiscal year 2024.

Mission

THE PURPOSE IS TO PROVIDE EDUCATIONAL, EMPLOYMENT AND FINANCIAL ASSISTANCE TO LOW INCOME RESIDENTS OF GASTON, CLEVELAND, LINCOLN AND STANLEY COUNTIES IN NORTH CAROLINA.

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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 $7,058,971

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,058,971

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,126,356

Fundraising Expenses $0

Program Expenses $6,277,417

Other Expenses $2,033,065

TOTAL EXPENSES $7,159,421

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,058,971	$6,991,274	+0.0%
Expenses	$7,159,421	$7,102,925	+0.0%
Net Income	$-100,450	$-111,651	-0.1%

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

121

Volunteers

101

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

$164,229

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAIR WATKINS	BOARD MEMBER	2.00	Director	$0	$0	$0
OLA MAE FOSTER	BOARD MEMBER	2.00	Director	$0	$0	$0
KEITH POSTON	TREASURER	2.00	Officer Director	$0	$0	$0
DR KIM SCOTT	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL LANE	CHAIR	2.00	Officer Director	$0	$0	$0
PHYLLIS WILLIAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
ANGELA DAWKINS	BOARD MEMBER	2.00	Director	$0	$0	$0
DEBORAH BOWDEN	BOARD MEMBER	2.00	Director	$0	$0	$0
SHACARA ALLEN	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSEPH DIXON	EXECUTIVE DIRECTOR	40.00	Officer	$162,584	$1,645	$164,229

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	$7,058,971	$7,159,421	$2,736,193	$-100,450
2024	$6,991,274	$7,102,925	$3,177,811	$-111,651
2023	$6,755,020	$6,422,503	$3,326,459	$332,517
2022	$6,513,392	$6,393,907	$3,084,577	$119,485
2021	$6,398,054	$6,366,027	$2,657,920	$32,027
2020	$6,282,688	$6,097,242	$2,549,623	$185,446
2019	$5,605,642	$5,523,324	$2,131,596	$82,318
2018	$5,767,116	$5,454,887	$2,056,654	$312,229

GASTON COMMUNITY ACTION INC