Buncombe Alternatives Inc

EIN: 561337121 501(c)(3)

Asheville, NC

Total Revenue
$335,016
Total Expenses
$324,451
Total Assets
$98,192
Net Assets
$72,848
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
NC
Principal Officer
Karen Peerson
Phone
8287760173
Tax Period
2024-07-01 to 2025-06-30

Buncombe Alternatives Inc, founded in 1984, is a small nonprofit that reported $335K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $324K left a modest 3% surplus.

Mission

Community-based corrections for juveniles

Program Service Accomplishments

Program 1
Expenses: $289,361

Buncombe Alternatives continues to encourage and promote community based sentencing by carrying out the following programs : 1 Buncombe County and Rutherford County Teen Court 2. Earn & Learn...

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Buncombe Alternatives continues to encourage and promote community based sentencing by carrying out the following programs : 1 Buncombe County and Rutherford County Teen Court 2. Earn & Learn Restitution / Restorative Community Service Program. These programs provide intervention initiatives that are both community. service oriented and community based.

Program 2

Buncombe County Teen Court: Teen court is an innovative diversion program which alllows first-time juvenile violators of the law to come before a jury of their peers in a court hearing instead of...

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Buncombe County Teen Court: Teen court is an innovative diversion program which alllows first-time juvenile violators of the law to come before a jury of their peers in a court hearing instead of going to Juvenile Court. The defendant must admit guilt during the intake interview in order to participate. Teen court stresses the importance of positive peer pressure through restorative justice to help correct illegal behavior. Teen Court reinforces positive behavior while encourgaging accountability. Teen Court also teaches youth volunteers the Jury the responsibility of citizenship or how to act for the common good. During FY 2024-2025, Buncombe Alternatives served 150 school-based teens.

Program 3

Earn & Learn Restitution/Restorative Community Service Program: This program is for diverted youth and youth on probation. Its premise is that restitution/restorative programming is effective when a...

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Earn & Learn Restitution/Restorative Community Service Program: This program is for diverted youth and youth on probation. Its premise is that restitution/restorative programming is effective when a juvenile accepts responsilbility for his or her offenses and is committed to the principle of making amends to the victim and the community. Goals are to increase restitution payments made to victime of juvenile crimes, teach offenders accountability and responsibility for their crimes and provide structure and monitoring for their payment of restitution, reduce the workload of the court counselors, support victims, and provide offenders with employable skills and resources.

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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 (2024)

Revenue Breakdown

Contributions & Grants $334,922
Program Service Revenue $0
Investment Income $94
Other Revenue $0
TOTAL REVENUE $335,016

Expense Breakdown

Grants Paid $0
Salaries & Benefits $240,340
Fundraising Expenses $0
Program Expenses $289,361
Other Expenses $84,111
TOTAL EXPENSES $324,451

Year-over-Year Comparison

2024 2023 Change
Revenue $335,016 $386,200 -0.1%
Expenses $324,451 $355,704 -0.1%
Net Income $10,565 $30,496 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
4
Employees
5
Volunteers
60

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
5
$76,874
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Karen Peerson Executive Dir. 40.00
Officer
$76,874 $0 $76,874
Kyle Hovermale Vice President 1.50
Officer Director
$0 $0 $0
Michael Macht Treasurer 1.50
Officer Director
$0 $0 $0
Chris Jennings Chairman 1.50
Officer Director
$0 $0 $0
Carol Goins Chairman 1.50
Director
$0 $0 $0
Johanna Finkelstein Chairman 1.50
Director
$0 $0 $0
Shannon Doyne Secretary 1.50
Officer 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 $335,016 $324,451 $98,192 $10,565
2024 $386,200 $355,704 $64,995 $30,496
2023 $391,425 $403,359 $54,657 $-11,934
2022 $400,129 $395,973 $58,725 $4,156
2021 $348,643 $349,071 $61,882 $-428
2020 $351,203 $364,682 $58,717 $-13,479
2019 $284,059 $290,404 $69,745 $-6,345
2018 $220,725 $231,888 $64,248 $-11,163
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