Yates Mill Associates Inc

EIN: 561673878 501(c)(3)

Raleigh, NC

Total Revenue
$200,768
Total Expenses
$53,059
Total Assets
$985,480
Net Assets
$985,456
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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
1989
Legal Domicile
NC
Principal Officer
Corinne Dunn
Phone
9198599897
Tax Period
2025-01-01 to 2025-12-31

Yates Mill Associates Inc, founded in 1989, is a small nonprofit that reported $201K in total revenue in fiscal year 2025. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $148K, a strong 74% operating margin.

Mission

Restore and preserve historic gristmill

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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 (2025)

Revenue Breakdown

Contributions & Grants $168,765
Program Service Revenue $0
Investment Income $27,710
Other Revenue $4,293
TOTAL REVENUE $200,768

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $6,310
Program Expenses $32,430
Other Expenses $53,059
TOTAL EXPENSES $53,059

Year-over-Year Comparison

2025 2024 Change
Revenue $200,768 $147,295 +0.4%
Expenses $53,059 $82,209 -0.4%
Net Income $147,709 $65,086 +1.3%
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

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
30

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
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Corinne Dunn Treasurer 2.00
Officer Director
$0 $0 $0
Steve McLaurin Board Member 1.00
Director
$0 $0 $0
Mark Fountain Board Member 1.00
Director
$0 $0 $0
Larry Hancock President 2.00
Officer Director
$0 $0 $0
Leslie Meadows Board Member 2.00
Director
$0 $0 $0
Bob Harkness Board Member 1.00
Director
$0 $0 $0
Ed Barrows Board Member 1.00
Director
$0 $0 $0
Jill Weaver Board Member 1.00
Director
$0 $0 $0
Robbie Wooten Board Member 1.00
Director
$0 $0 $0
Tom Cinq-Mars Vice President 2.00
Officer Director
$0 $0 $0
Jennifer Embry Secretary 2.00
Officer Director
$0 $0 $0
Arthur White Board Member 1.00
Director
$0 $0 $0
Linda D'Alto Board Member 1.00
Director
$0 $0 $0
Steven Lord Board Member 1.00
Director
$0 $0 $0
Ashton Merck Board Member 1.00
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 $200,768 $53,059 $985,480 $147,709
2024 $147,295 $82,209 $798,192 $65,086
2024 $147,295 $82,209 $798,192 $65,086
2023 $67,855 $79,232 $716,774 $-11,377
2022 $57,774 $77,150 $685,627 $-19,376
2021 $57,289 $81,849 $795,451 $-24,560
2020 $34,784 $70,652 $803,321 $-35,868
2019 $58,684 $85,767 $802,728 $-27,083
2018 $56,429 $81,786 $794,722 $-25,357
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