WAKE COUNTY SMART START INC (EIN 561949415) - 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

1994

Legal Domicile

Principal Officer

GAYLE E HEADEN

Phone

9198519550

Tax Period

2024-07-01 to 2025-06-30

WAKE COUNTY SMART START INC, founded in 1994, is a mid-sized nonprofit in the Education sector that reported $27.9M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

INVESTING IN YOUNG CHILDREN, FAMILIES, AND A BRIGHTER FUTURE TOGETHER.

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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 $27,699,186

Program Service Revenue $0

Investment Income $183,388

Other Revenue $32,322

TOTAL REVENUE $27,914,896

Expense Breakdown

Grants Paid $21,763,190

Salaries & Benefits $3,853,338

Fundraising Expenses $93,861

Program Expenses $25,559,501

Other Expenses $1,632,743

TOTAL EXPENSES $27,249,271

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,914,896	$25,102,327	+0.1%
Expenses	$27,249,271	$25,028,627	+0.1%
Net Income	$665,625	$73,700	+8.0%

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

150

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

$339,441

Total Directors

$339,441

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAYLE HEADEN	EXECUTIVE DIRECTOR	40.00	Officer Director	$155,915	$15,445	$171,360
GARY CARR	DIRECTOR OF FINANCE	40.00	Officer Director	$151,239	$16,842	$168,081
KATHERINE WILLIAMS	CHAIR	1.00	Officer Director	$0	$0	$0
NIKIA COATES	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MATTHEW ELLINWOOD	SECRETARY	1.00	Officer Director	$0	$0	$0
MATTHEW GLOVA	TREASURER	1.00	Officer Director	$0	$0	$0
ANDRE ANTHONY	DIRECTOR	1.00	Director	$0	$0	$0
VERONICA CREECH	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER DRENNAN	DIRECTOR THR FEB 2025	1.00	Director	$0	$0	$0
SUSAN EVANS	DIRECTOR	1.00	Director	$0	$0	$0
ARIEL FORD	DIRECTOR FR OCT 2024	1.00	Director	$0	$0	$0
SHERRY HEUSER	DIRECTOR	1.00	Director	$0	$0	$0
MICKEY HOLT	DIRECTOR	1.00	Director	$0	$0	$0
NIKKI LEONARD	DIRECTOR	1.00	Director	$0	$0	$0
RONETTA PEARSALL	DIRECTOR	1.00	Director	$0	$0	$0
ANTONIA PEDROZA	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE SHELL	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL STALLINGS	DIRECTOR	1.00	Director	$0	$0	$0
TONYA VENABLE	DIRECTOR	1.00	Director	$0	$0	$0
JOE WHITE	DIRECTOR	1.00	Director	$0	$0	$0
STACEY WILSON-NORMAN	DIRECTOR THR FEB 2025	1.00	Director	$0	$0	$0
CAROL C ORJI	DIRECTOR OF ECI	40.00	Highest	$115,142	$14,973	$130,115

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	$27,914,896	$27,249,271	$4,446,723	$665,625
2024	$25,102,327	$25,028,627	$3,982,549	$73,700
2023	$22,907,110	$22,422,941	$4,304,569	$484,169
2022	$19,658,248	$19,257,264	$3,415,796	$400,984
2021	$20,107,224	$19,616,807	$2,918,473	$490,417

WAKE COUNTY SMART START INC