Buncombe Alternatives Inc (EIN 561337121) - 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

1984

Legal Domicile

Principal Officer

Karen Peerson

Phone

8287760173

Tax Period

2023-07-01 to 2024-06-30

Buncombe Alternatives Inc, founded in 1984, is a small nonprofit that reported $386K in total revenue in fiscal year 2023. Expenses of $356K left a modest 8% surplus.

Mission

Community-based corrections for juveniles

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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 $386,182

Program Service Revenue $0

Investment Income $18

Other Revenue $0

TOTAL REVENUE $386,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $249,340

Fundraising Expenses $0

Program Expenses $323,668

Other Expenses $106,364

TOTAL EXPENSES $355,704

Year-over-Year Comparison

	2023	2022	Change
Revenue	$386,200	$391,425	0.0%
Expenses	$355,704	$403,359	-0.1%
Net Income	$30,496	$-11,934	-3.6%

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

$99,951

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karen Peerson	Executive Dir.	40.00	Officer	$99,951	$0	$99,951
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
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

Buncombe Alternatives Inc