SALT BLOCK FOUNDATION INC (EIN 561348489) - 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

1980

Legal Domicile

Principal Officer

STUART MULL

Phone

8283244906

Tax Period

2024-07-01 to 2025-06-30

SALT BLOCK FOUNDATION INC, founded in 1980, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 157% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 53% operating margin.

Mission

THE SALT BLOCK FOUNDATION EXISTS TO PROVIDE AND SUSTAIN FACILITIES FOR ORGANIZATIONS DELIVERING EDUCATION IN NATURAL SCIENCES, HISTORY, VISUAL AND PERFORMING ARTS AND CULTURAL PROGRAMS FOR RESIDENTS OF THE CATAWBA VALLEY

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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 $1,244,928

Program Service Revenue $176,371

Investment Income $740,784

Other Revenue $16,839

TOTAL REVENUE $2,178,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $182,659

Fundraising Expenses $46,478

Program Expenses $791,657

Other Expenses $851,633

TOTAL EXPENSES $1,034,292

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,178,922	$849,290	+1.6%
Expenses	$1,034,292	$1,036,135	0.0%
Net Income	$1,144,630	$-186,845	-7.1%

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

Total Directors

$86,209

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LANCE HIGHT	BOARD MEMBER	2.00	Director	$0	$0	$0
JONELL FIELDS	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL THOMAS	SECRETARY	1.00	Officer Director	$0	$0	$0
LT THOMPSON	BOARD MEMBER EMERITUS	2.00	Director	$0	$0	$0
TAWNY HOMESLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
KIT CANNON	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL BLOSS	BOARD MEMBER	2.00	Director	$0	$0	$0
HAYNES KING	BOARD MEMBER	2.00	Director	$0	$0	$0
STUART MULL	TREASURER	3.00	Officer Director	$0	$0	$0
TIM SUMMERS	BOARD MEMBER	2.00	Director	$0	$0	$0
HANI NASSAR	BOARD MEMBER	2.00	Director	$0	$0	$0
JULIA MATHESON	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
DON NORWOOD	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREW MATTHEWS	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
JEREMY SHREVE	BOARD MEMBER	2.00	Director	$0	$0	$0
BETH WATTS ROGERS	PRESIDENT	2.00	Officer Director	$0	$0	$0
WILL ECKARD	BOARD MEMBER	2.00	Director	$0	$0	$0
LAURA TREADWAY	BOARD MEMBER	2.00	Director	$0	$0	$0
TONY HANSON	BOARD MEMBER	2.00	Director	$0	$0	$0
GAVIN MITCHELL	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID ZAGAROLI	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIN HOOKS	EXECUTIVE DIRECTOR	40.00	Director	$72,060	$14,149	$86,209
NATHAN HURET	BOARD MEMBER	2.00	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	$2,178,922	$1,034,292	$15,592,112	$1,144,630
2024	$849,290	$1,036,135	$13,874,649	$-186,845
2023	$889,354	$1,163,591	$12,907,402	$-274,237
2022	$951,674	$1,024,046	$12,460,479	$-72,372
2021	$762,674	$958,893	$14,105,050	$-196,219
2020	$760,021	$881,123	$11,778,807	$-121,102
2019	$778,216	$969,463	$12,162,827	$-191,247

SALT BLOCK FOUNDATION INC