GASTONIA DEBUTANTE CLUB (EIN 561337256) - 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

1999

Legal Domicile

Principal Officer

JAMI FARRIS

Phone

7048654400

Tax Period

2024-02-01 to 2025-01-31

GASTONIA DEBUTANTE CLUB, founded in 1999, is a small nonprofit in the Recreation & Sports sector that reported $127K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $146K exceeded revenue, resulting in a 15% operating deficit.

Mission

ORGANIZATION OF DEBUTANTE BALLS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $56,427

Program Service Revenue $58,850

Investment Income $12,174

Other Revenue $0

TOTAL REVENUE $127,451

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $146,118

Other Expenses $146,118

TOTAL EXPENSES $146,118

Year-over-Year Comparison

	2024	2023	Change
Revenue	$127,451	$96,414	+0.3%
Expenses	$146,118	$107,092	+0.4%
Net Income	$-18,667	$-10,678	+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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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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOT CHERRY	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY CHERRY	DIRECTOR	1.00	Director	$0	$0	$0
ANNE COMER	TREASURER	2.00	Officer Director	$0	$0	$0
AMY EISENHUTH	DIRECTOR	1.00	Director	$0	$0	$0
JAMI FARRIS	PRESIDENT	2.00	Officer Director	$0	$0	$0
VERONICA FEDUNIEC	DIRECTOR	1.00	Director	$0	$0	$0
BAITY FERGUSON	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
FRANCES HENRY	CORR. SECRET	2.00	Officer Director	$0	$0	$0
KIM HOLDER	RECORDING SE	2.00	Officer Director	$0	$0	$0
YVETTE HOWE	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA JARMAN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE LOWRY	DIRECTOR	1.00	Director	$0	$0	$0
APRIL MCKINLEY	DIRECTOR	1.00	Director	$0	$0	$0
KATIE O'DONOHUE	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
SARAH STEWART	DIRECTOR	1.00	Director	$0	$0	$0
PENELOPE STROUPE	PAST PRESIDE	1.00	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	$127,451	$146,118	$202,907	$-18,667
2024	$96,414	$107,092	$221,699	$-10,678
2023	$91,967	$90,257	$234,450	$1,710
2022	$63,945	$78,719	$231,384	$-14,774
2021	$103,752	$20,627	$245,316	$83,125
2020	$98,569	$78,198	$162,191	$20,371
2019	$79,131	$79,030	$141,820	$101

GASTONIA DEBUTANTE CLUB