Yokefellow Service Center

EIN: 561116990 501(c)(3) Human Services

Spindale, NC

Total Revenue
$534,349
Total Expenses
$421,544
Total Assets
$363,522
Net Assets
$307,509
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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
1968
Legal Domicile
NC
Principal Officer
Cherry Smith
Phone
8282870776
Tax Period
2023-01-01 to 2023-12-31

Yokefellow Service Center, founded in 1968, is a small nonprofit in the Human Services sector that reported $534K in total revenue in fiscal year 2023. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $113K, a strong 21% operating margin.

Mission

Emergency Assistance for Individuals

Program Service Accomplishments

Program 1
Expenses: $303,455 Revenue: $534,349

Supply clothing, food, household goods and assistance with rent, utilities and other emergency funds to needy individuals and families in the community.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $320,641
Program Service Revenue $212,755
Investment Income $0
Other Revenue $953
TOTAL REVENUE $534,349

Expense Breakdown

Grants Paid $93,097
Salaries & Benefits $174,737
Fundraising Expenses $0
Program Expenses $303,455
Other Expenses $153,710
TOTAL EXPENSES $421,544

Year-over-Year Comparison

2023 2022 Change
Revenue $534,349 $309,069 +0.7%
Expenses $421,544 $426,376 0.0%
Net Income $112,805 $-117,307 -2.0%
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

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Governance

Voting Members
8
Independent Members
8
Employees
9
Volunteers
100

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
3
$0
Total Directors
9
$57,151
Key Employees
1
$57,151
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jill Miracle Board Chair 1.00
Officer Director
$0 $0 $0
Pam Blice Secretary 1.00
Officer Director
$0 $0 $0
Lance Smith Treasurer 1.00
Officer Director
$0 $0 $0
Cherry Gorman Director 1.00
Director
$0 $0 $0
Cherry Smith Executive Director 40.00
Director Key Emp Highest
$0 $0 $57,151
Frances Dobbins Director 1.00
Director
$0 $0 $0
Anne Hardy Member 1.00
Director
$0 $0 $0
Ken Teasley Member 1.00
Director
$0 $0 $0
Eric Marshburn Member 1.00
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
2024 No data No data No data No data
2023 $534,349 $421,544 $363,522 $112,805
2022 $309,069 $426,376 $336,885 $-117,307
2021 $497,192 $461,058 $445,020 $36,134
2021 $504,642 $467,681 $445,383 $36,961
2020 $457,641 $421,947 $406,701 $35,694
2019 $579,383 $460,517 $457,942 $118,866
2018 $396,067 $443,157 $338,138 $-47,090
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