GREYHOUND FRIENDS OF NORTH CAROLINA INC

EIN: 561963355 501(c)(3) Animal-Related

SUMMERFIELD, NC

Total Revenue
$67,363
Total Expenses
$97,516
Total Assets
$53,520
Net Assets
$53,520
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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
1996
Legal Domicile
NC
Principal Officer
SANDY LUCAS
Phone
3366430233
Tax Period
2019-01-01 to 2019-12-31

GREYHOUND FRIENDS OF NORTH CAROLINA INC, founded in 1996, is a micro nonprofit in the Animal-Related sector that reported $67K in total revenue in fiscal year 2019. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $98K exceeded revenue, resulting in a 45% operating deficit.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE ADOPTION SERVICES FOR RETIRED RACING GREYHOUNDS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $40,006
Program Service Revenue $29,735
Investment Income $-31,648
Other Revenue $29,270
TOTAL REVENUE $67,363

Expense Breakdown

Grants Paid $5,000
Salaries & Benefits $23,959
Fundraising Expenses $0
Program Expenses $95,663
Other Expenses $68,557
TOTAL EXPENSES $97,516

Year-over-Year Comparison

2019 2018 Change
Revenue $67,363 $179,896 -0.6%
Expenses $97,516 $180,491 -0.5%
Net Income $-30,153 $-595 +49.7%
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
4
Independent Members
4
Employees
2
Volunteers
4

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
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICK MONTGOMERY PRESIDENT 5.00
Officer Director
$0 $0 $0
ROY MAYO VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
SANDY LUCAS TREASURER 5.00
Officer Director
$0 $0 $0
LINDA LANDRY SECRETARY 5.00
Officer 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
2019 $67,363 $97,516 $53,520 $-30,153
2018 $179,896 $180,491 $84,753 $-595
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