THE CAROLINAS GATEWAY PARTNERSHIP INC (EIN 561931327) - Form 990 Financial Analysis & Trantor Score

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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

1995

Legal Domicile

Principal Officer

ROBERT PIKE

Phone

2524420114

Tax Period

2024-07-01 to 2025-06-30

THE CAROLINAS GATEWAY PARTNERSHIP INC, founded in 1995, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 37% operating deficit.

Mission

THE CAROLINAS GATEWAY PARTNERSHIP IS DEDICATED TO THE CREATION OF COMMUNITY WEALTH THROUGH THE RETENTION, CREATION, AND EXPANSION OF BUSINESS OPPORTUNITIES IN TARBORO, ROCKY MOUNT, AND EDGECOMBE COUNTY, NORTH CAROLINA.

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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 $1,120,226

Program Service Revenue $0

Investment Income $22,974

Other Revenue $5,475

TOTAL REVENUE $1,148,675

Expense Breakdown

Grants Paid $0

Salaries & Benefits $665,732

Fundraising Expenses $24,587

Program Expenses $1,319,205

Other Expenses $911,070

TOTAL EXPENSES $1,576,802

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,148,675	$1,423,488	-0.2%
Expenses	$1,576,802	$1,540,709	+0.0%
Net Income	$-428,127	$-117,221	+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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$310,758

Total Directors

$310,758

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT PIKE	PRESIDENT &	45.00	Officer Director	$229,197	$18,789	$247,986
E NORRIS TOLSON	PRESIDENT &	45.00	Officer Director	$61,694	$1,078	$62,772
OPPIE N JORDAN	VP - EDGECOM	45.00	Highest	$128,150	$10,880	$139,030
SEE ATTACHED SCHEDULE	DIRECTORS	N/A	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	$1,148,675	$1,576,802	$1,227,705	$-428,127
2024	$1,423,488	$1,540,709	$1,616,034	$-117,221
2023	$1,211,714	$1,229,667	$1,692,414	$-17,953
2022	$1,195,948	$1,072,732	$1,590,628	$123,216
2021	$1,577,135	$1,496,414	$1,657,663	$80,721
2020	$4,089,998	$4,023,729	$1,608,893	$66,269
2019	$2,033,579	$2,107,406	$1,320,075	$-73,827
2018	$1,123,055	$1,474,533	$1,426,491	$-351,478

THE CAROLINAS GATEWAY PARTNERSHIP INC