WATAUGA OPPORTUNITIES INC (EIN 561089285) - 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

1974

Legal Domicile

Principal Officer

F MICHAEL MAYBEE

Phone

8282645009

Tax Period

2023-07-01 to 2024-06-30

WATAUGA OPPORTUNITIES INC, founded in 1974, is a community nonprofit in the Employment sector that reported $6.8M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $5.8M left a modest 15% surplus.

Mission

SHELTERED WORKSHOP/GROUP HOMES

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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 $501,994

Program Service Revenue $6,204,180

Investment Income $124,515

Other Revenue $-10,845

TOTAL REVENUE $6,819,844

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,005,313

Fundraising Expenses $0

Program Expenses $4,925,323

Other Expenses $805,038

TOTAL EXPENSES $5,810,351

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,819,844	$5,864,008	+0.2%
Expenses	$5,810,351	$5,176,893	+0.1%
Net Income	$1,009,493	$687,115	+0.5%

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

160

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

$203,381

Total Directors

Key Employees

$315,133

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON HENRIES	CHAIR	5.00	Officer Director	$0	$0	$0
TASHA ROUNTREE	VICE CHAIR	5.00	Officer Director	$0	$0	$0
MIKE HALL	TREASURER	5.00	Officer Director	$0	$0	$0
PAT BALL	BOARD MEMBER	5.00	Director	$0	$0	$0
DAYTON COLE	BOARD MEMBER	5.00	Director	$0	$0	$0
DAVID JACKSON	BOARD MEMBER	5.00	Director	$0	$0	$0
LARRY TURNBOW	BOARD MEMBER	5.00	Director	$0	$0	$0
MICHAEL MAYBEE	PRESIDENT, CEO	40.00	Officer Highest	$203,381	$0	$203,381
KIMBERLY HASH	FINANCE OFFICER	40.00	Key Emp	$161,766	$0	$161,766
VIRGINIA WALKER	CHIEF OPERATIONS OFFICER	40.00	Key Emp	$153,367	$0	$153,367

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	$6,819,844	$5,810,351	$8,975,408	$1,009,493
2023	$5,864,008	$5,176,893	$7,270,111	$687,115
2022	$4,894,434	$4,391,274	$6,174,593	$503,160
2021	$4,203,688	$3,623,805	$6,024,637	$579,883
2020	$3,588,480	$3,703,732	$5,463,540	$-115,252
2019	$3,948,658	$3,185,242	$5,179,834	$763,416

WATAUGA OPPORTUNITIES INC