GASTON COUNTY EDUCATION FOUNDATION INC

EIN: 561764830 501(c)(3)

GASTONIA, NC

Total Revenue
$296,928
Total Expenses
$287,228
Total Assets
$1,271,846
Net Assets
$1,271,846
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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
Principal Officer
AMY SPENCER
Phone
7048666100
Tax Period
2024-07-01 to 2025-06-30

GASTON COUNTY EDUCATION FOUNDATION INC, founded in 1991, is a small nonprofit that reported $297K in total revenue in fiscal year 2024. Revenue surged 289% from the prior year, signaling strong growth momentum. Expenses of $287K left a modest 3% surplus.

Mission

TO SUPPORT UNFUNDED PROGRAMS AND PROJECTS THAT ENHANCE THE EDUCATIONAL OPPORTUNITIES FOR GASTON COUNTY PUBLIC SCHOOL STUDENTS.

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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 $296,927
Program Service Revenue $0
Investment Income $1
Other Revenue $0
TOTAL REVENUE $296,928

Expense Breakdown

Grants Paid $241,091
Salaries & Benefits $26,440
Fundraising Expenses $0
Program Expenses $287,228
Other Expenses $19,697
TOTAL EXPENSES $287,228

Year-over-Year Comparison

2024 2023 Change
Revenue $296,928 $76,357 +2.9%
Expenses $287,228 $43,104 +5.7%
Net Income $9,700 $33,253 -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

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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
25

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
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBIN ANDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS ASHLEY BOARD MEMBER 1.00
Director
$0 $0 $0
AUSTIN BILES BOARD MEMBER 1.00
Director
$0 $0 $0
AUDREY DEVINE BOARD MEMBER 1.00
Director
$0 $0 $0
GENEVIVE DUFFY BOARD MEMBER 1.00
Director
$0 $0 $0
LEWIS EFIRD PRESIDENT 1.00
Officer Director
$0 $0 $0
JENNIFER GRANT BOARD MEMBER 1.00
Director
$0 $0 $0
EDIE HANCOCK BOARD MEMBER 1.00
Director
$0 $0 $0
DR MORGAN HOUCHARD BOARD MEMBER 1.00
Director
$0 $0 $0
WILL JONES BOARD MEMBER 1.00
Director
$0 $0 $0
DR TONYA KALES BOARD MEMBER 1.00
Director
$0 $0 $0
EMILY LEAZER BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN LEVY VP/TREASURER 1.00
Officer Director
$0 $0 $0
JOHN LIPSEY BOARD MEMBER 1.00
Director
$0 $0 $0
STEVEN LONG BOARD MEMBER 1.00
Director
$0 $0 $0
ANISSA MANNI BOARD MEMBER 1.00
Director
$0 $0 $0
ROXANN RANKIN SECRETARY 1.00
Officer Director
$0 $0 $0
AMY SPENCER EXECUTIVE DI 20.00
Officer Director
$0 $0 $0
ERNEST SUMNER 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 $296,928 $287,228 $1,271,846 $9,700
2023 $92,096 $77,915 $1,074,846 $14,181
2022 $120,864 $78,661 $973,569 $42,203
2021 $65,165 $67,548 $57,186 $-2,383
2020 $118,459 $64,754 $73,191 $53,705
2019 $79,977 $84,429 $19,486 $-4,452
2018 $268,708 $269,876 $23,938 $-1,168
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