HEART SOCIETY OF GASTON COUNTY

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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

Principal Officer

ART SPENCER

Phone

7048651214

Tax Period

2023-07-01 to 2024-06-30

HEART SOCIETY OF GASTON COUNTY is a small nonprofit that reported $205K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Net assets of $480K represent 28 months of operating reserves.

Mission

PROMOTE HEART HEALTHY LIVES.

Program Service Accomplishments

Program 1

Expenses: $172,041 Revenue: $198,863

TO PROVIDE HEALTH AND PUBLIC EDUCATION, PROFESSIONAL EDUCATION AND TRAINING, AND COMMUNITY SERVICES. THE PURPOSE OF THESE ACTIVITIES IS TO BRING AWARENESS AND PROMOTE HEART HEALTHY LIFESTYLES.

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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 $109,819

Program Service Revenue $0

Investment Income $6,572

Other Revenue $89,044

TOTAL REVENUE $205,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $133,964

Fundraising Expenses $8,290

Program Expenses $172,041

Other Expenses $77,555

TOTAL EXPENSES $211,519

Year-over-Year Comparison

	2023	2022	Change
Revenue	$205,435	$274,531	-0.3%
Expenses	$211,519	$207,728	+0.0%
Net Income	$-6,084	$66,803	-1.1%

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

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

$74,953

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RENEE ANTHONY	EXECUTIVE DI	40.00	Officer	$66,571	$8,382	$74,953
JAMES ARTER	DIRECTOR	1.00	Director	$0	$0	$0
AMY BOYD	DIRECTOR	1.00	Director	$0	$0	$0
VICKI CAUDILL	DIRECTOR	1.00	Director	$0	$0	$0
BRAD COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
RON DIGBY	DIRECTOR	1.00	Director	$0	$0	$0
PAM DILLS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE FAYED	DIRECTOR	1.00	Director	$0	$0	$0
WALTER GRAY	DIRECTOR	1.00	Director	$0	$0	$0
MARK HECKEL	DIRECTOR	1.00	Director	$0	$0	$0
STEVE HUFFSTETLER	DIRECTOR	1.00	Director	$0	$0	$0
PAVAN ISANAKA	DIRECTOR	1.00	Director	$0	$0	$0
TOM WATSON JR	DIRECTOR	1.00	Director	$0	$0	$0
ALICE ANN KELLY	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRIS LEAZER	DIRECTOR	1.00	Director	$0	$0	$0
DUSTIN LETTS	PRESIDENT EL	1.00	Officer Director	$0	$0	$0
JOHNATHAN LOWERY	DIRECTOR	1.00	Director	$0	$0	$0
JOAN MARTIN	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
DAVID ROGERS	TREASURER	2.00	Officer Director	$0	$0	$0
BARRY SMITH	DIRECTOR	1.00	Director	$0	$0	$0
ERIC SMITH	DIRECTOR	1.00	Director	$0	$0	$0
ART SPENCER	PRESIDENT	2.00	Officer Director	$0	$0	$0
ARNOLD WALKER	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG WATSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHNATHAN WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
KATY MCLEAN WINDELL	DIRECTOR	1.00	Director	$0	$0	$0
BETTY ANN WITTENBURG	DIRECTOR	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
2025	No data	No data	No data	No data
2024	$205,435	$211,519	$502,899	$-6,084
2023	$274,531	$207,728	$426,296	$66,803
2022	$160,286	$216,761	$362,632	$-56,475
2021	$303,222	$212,216	$415,530	$91,006
2020	$213,787	$209,491	$331,460	$4,296
2019	$217,379	$206,372	$303,536	$11,007