PRIDE OF KINSTON INC

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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

MIKE CHASTAIN

Phone

2525224676

Tax Period

2024-07-01 to 2025-06-30

PRIDE OF KINSTON INC, founded in 1984, is a micro nonprofit in the Community Improvement sector that reported $256K in total revenue in fiscal year 2024. Revenue fell 201% from the prior year — a significant decline worth monitoring.

Mission

TO PROMOTE THE DOWNTOWN AREA OF KINSTON, NORTH CAROLINA.

Program Service Accomplishments

Program 1

Expenses: $268,202 Revenue: $62,582

PROVIDE PROFESSIONAL CONSULTATIONS FOR BUSINESS RENOVATIONS; MAINTAIN BUSINESS SELF-HELP LIBRARY; ARRANGE SEMINARS FOR DOWNTOWN BUSINESSES; ENCOURAGE DOWNTOWN DEVELOPMENT.

Program 2

Expenses: $54,721

ENCOURAGE PROPERTY OWNERS TO RENOVATE BUILDING FACADES FOR UNIFORM APPEARANCE.

Program 3

Expenses: $41,762

PROVIDE ASSISTANCE IN PROMOTING THE DOWNTOWN AREA BY BEAUTIFYING THE AREA AND PARTICIPATING IN SEASONAL EVENTS.

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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 $110,893

Program Service Revenue $62,582

Investment Income $-445,114

Other Revenue $15,334

TOTAL REVENUE $-256,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,602

Fundraising Expenses $0

Program Expenses $364,685

Other Expenses $352,006

TOTAL EXPENSES $380,608

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-256,305	$253,456	-2.0%
Expenses	$380,608	$291,799	+0.3%
Net Income	$-636,913	$-38,343	+15.6%

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

N/A

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
SAMMY AIKENS	DIRECTOR	N/A	Director	$0	$0	$0
RHONDA BARWICK	DIRECTOR	N/A	Director	$0	$0	$0
ELIZABETH BLOUNT	DIRECTOR	N/A	Director	$0	$0	$0
MIKE CHASTAIN	CHAIR	N/A	Officer Director	$0	$0	$0
JOHN WILLIAM ELLIS	TREASURER	N/A	Officer Director	$0	$0	$0
CALE GRADY	DIRECTOR	N/A	Director	$0	$0	$0
STEVEN HILL	SECRETARY	N/A	Officer Director	$0	$0	$0
ROBBIE SWINSON IV	DIRECTOR	N/A	Director	$0	$0	$0
STEVE MILLER	DIRECTOR	N/A	Director	$0	$0	$0
CATHY REESE	DIRECTOR	N/A	Director	$0	$0	$0
ADAM SHORT	DIRECTOR	N/A	Director	$0	$0	$0
KRISTAL SUGGS	DIRECTOR	N/A	Director	$0	$0	$0
LEON STEELE	EXECUTIVE DI	N/A	Officer	$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	$-256,305	$380,608	$956,321	$-636,913
2024	$253,456	$291,799	$1,674,040	$-38,343
2023	$292,362	$347,728	$1,710,681	$-55,366
2022	$334,851	$362,887	$1,761,378	$-28,036
2021	$255,414	$268,736	$1,822,143	$-13,322
2020	$289,325	$347,586	$1,829,952	$-58,261
2019	$360,520	$330,229	$1,899,359	$30,291
2018	$383,506	$235,687	$1,884,082	$147,819