SMART START OF FORSYTH COUNTY

EIN: 561899564 501(c)(3) Education

Winston Salem, NC

Total Revenue
$10,751,011
Total Expenses
$10,714,064
Total Assets
$93,145
Net Assets
$18,178
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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
1994
Legal Domicile
NC
Principal Officer
Louis Finney
Phone
3367256011
Tax Period
2024-07-01 to 2025-06-30

SMART START OF FORSYTH COUNTY, founded in 1994, is a mid-sized nonprofit in the Education sector that reported $10.8M in total revenue in fiscal year 2024.

Mission

To promote equitable access to quality, comprehensive early childhood development and education in response to the needs of our community.

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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 $10,722,684
Program Service Revenue $497
Investment Income $2,058
Other Revenue $25,772
TOTAL REVENUE $10,751,011

Expense Breakdown

Grants Paid $7,498,575
Salaries & Benefits $2,441,754
Fundraising Expenses $49,249
Program Expenses $10,185,620
Other Expenses $773,735
TOTAL EXPENSES $10,714,064

Year-over-Year Comparison

2024 2023 Change
Revenue $10,751,011 $11,127,230 0.0%
Expenses $10,714,064 $11,274,542 0.0%
Net Income $36,947 $-147,312 -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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Governance

Voting Members
19
Independent Members
16
Employees
40
Volunteers
39

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
$165,223
Total Directors
15
$0
Key Employees
1
$99,016
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Louis Finney Chief Executive Officer 40
Officer
$157,223 $8,000 $165,223
Elizabeth Wallace Chief Financial Officer 40
Key Emp
$94,198 $4,818 $99,016
Martha Wood Board Member 1
Director
$0 $0 $0
Denise Hartsfield Board Member 1
Director
$0 $0 $0
Vivien Stearns Board Member 1
Director
$0 $0 $0
Effie McMillan Board Member 1
Director
$0 $0 $0
Brian Hart Board Member 1
Director
$0 $0 $0
Dorothy Pearce Brady Board Member 1
Director
$0 $0 $0
Tonya McDaniel Board Member 1
Director
$0 $0 $0
Shana Heilbron Board Member 1
Director
$0 $0 $0
Jessica Ijames Board Member 1
Director
$0 $0 $0
Wilson Weaver Board Member 1
Director
$0 $0 $0
Dr Alfred McQueen Board Member 1
Director
$0 $0 $0
Reggie McCaskill Board Member 1
Director
$0 $0 $0
Dennette Bailey Board Member 1
Director
$0 $0 $0
Kizzy Lea Board Member 1
Director
$0 $0 $0
Stephanie Spencer Board Member 1
Director
$0 $0 $0
Linda Jackson Barnes Vice Chair 1
Officer
$0 $0 $0
Tembila Covington Board Chair 1
Officer
$0 $0 $0
Bennett Bruff Treasurer 1
Officer
$0 $0 $0
Jessica McCrory Secretary 1
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 $10,751,011 $10,714,064 $93,145 $36,947
2024 $11,127,230 $11,274,542 $186,255 $-147,312
2023 $9,447,237 $9,690,275 $455,004 $-243,038
2022 $9,865,432 $9,532,139 $812,037 $333,293
2021 $8,124,286 $8,455,464 $369,779 $-331,178
2020 $8,221,835 $8,100,521 $601,233 $121,314
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