Eblen Charities Inc

EIN: 561758077 501(c)(3)

Asheville, NC

Total Revenue
$5,462,134
Total Expenses
$3,102,881
Total Assets
$7,639,123
Net Assets
$6,300,768
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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
1991
Legal Domicile
NC
Phone
8282553066
Tax Period
2024-01-01 to 2024-12-31

Eblen Charities Inc, founded in 1991, is a community nonprofit that reported $5.5M in total revenue in fiscal year 2024. Revenue surged 125% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 43% operating margin.

Mission

TO PROVIDE AID AND SUPPORT, THROUGH DIRECT ASSISTANCE, EDUCATION AND ADVOCACY TO CHILDREN, ADULTS AND FAMILIES LIVING WITH ILLNESSES, INJURIES, DISABILITIES AND ANYONE IN NEED AS WELL AS TO SERVE AND ENHANCE PROGRAMS AND OUTREACH TO OUR COMMUNITY AND BEYOND.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,000,701
Program Service Revenue $152,219
Investment Income $33,274
Other Revenue $275,940
TOTAL REVENUE $5,462,134

Expense Breakdown

Grants Paid $1,953,917
Salaries & Benefits $430,563
Fundraising Expenses $225,058
Program Expenses $2,610,783
Other Expenses $718,401
TOTAL EXPENSES $3,102,881

Year-over-Year Comparison

2024 2023 Change
Revenue $5,462,134 $2,427,477 +1.3%
Expenses $3,102,881 $3,788,461 -0.2%
Net Income $2,359,253 $-1,360,984 -2.7%
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

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Governance

Voting Members
11
Independent Members
11
Employees
11
Volunteers
400

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
5
$106,605
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Donna Parsons Secretary 1.0
Officer Director
$0 $0 $0
Drue Ray Chair 4.0
Officer Director
$0 $0 $0
Neal Hanks Vice Chair 1.0
Officer Director
$0 $0 $0
Scott Hughes Treasurer 1.0
Officer Director
$0 $0 $0
Brian Hall Director 1.0
Director
$0 $0 $0
Melanie Wetmore Director 1.0
Director
$0 $0 $0
Pat Bryant Director 1.0
Director
$0 $0 $0
Scott Hickman Director 1.0
Director
$0 $0 $0
Steve Sizemore Director 1.0
Director
$0 $0 $0
Susan Ableidinger Director 1.0
Director
$0 $0 $0
Tim Bugg Director 1.0
Director
$0 $0 $0
Beth Russo Executive Director 40.0
Officer
$94,141 $12,464 $106,605
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 $5,462,134 $3,102,881 $7,639,123 $2,359,253
2023 No data No data No data No data
2022 $6,032,938 $5,699,222 $6,765,431 $333,716
2021 $4,191,430 $3,753,066 $6,639,984 $438,364
2020 $4,787,797 $4,645,506 $6,262,179 $142,291
2019 $4,853,453 $4,759,799 $6,143,134 $93,654
2018 $5,501,458 $4,754,699 $6,157,044 $746,759
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