HISTORIC STATESVILLE INC

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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

Principal Officer

CARLA STEELE

Phone

7048783436

Tax Period

2018-07-01 to 2019-06-30

HISTORIC STATESVILLE INC, founded in 1991, is a micro nonprofit that reported $51 in total revenue in fiscal year 2018. Expenses of $142K exceeded revenue, resulting in a 277927% operating deficit.

Mission

TO MAINTAIN AND DEVELOPE HISTORIC DOWNTOWN STATESVILLE AS THE CULTURAL, ECONOMIC, SOCIAL AND HISTORIC CENTER OF THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $12,081

HISTORIC STATESVILLE, INC.'S PURPOSE IS TO HOLD TITLE TO PROPERTY, COLLECT INCOME THEREFROM AND TURN THE INCOME OVER TO AN EXEMPT ORGANIZATION, DOWNTOWN STATESVILLE DEVELOPMENT CORP., INC. AND...

HISTORIC STATESVILLE, INC.'S PURPOSE IS TO HOLD TITLE TO PROPERTY, COLLECT INCOME THEREFROM AND TURN THE INCOME OVER TO AN EXEMPT ORGANIZATION, DOWNTOWN STATESVILLE DEVELOPMENT CORP., INC. AND BEAUTIFICATION OF THE DOWNTWON AREA.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $51

Other Revenue $0

TOTAL REVENUE $51

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $141,794

Other Expenses $141,794

TOTAL EXPENSES $141,794

Year-over-Year Comparison

	2018	2017	Change
Revenue	$51	$51	N/A
Expenses	$141,794	$6,229	+21.8%
Net Income	$-141,743	$-6,178	+21.9%

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

N/A

Independent Members

N/A

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX WALKER	OFFICER	N/A	Officer Director	$0	$0	$0
KEVIN HOLLIFIELD	BOARD MEMBER	N/A	Director	$0	$0	$0
ROBB COLLIER	BOARD MEMBER	N/A	Director	$0	$0	$0
CARLA STEELE	OFFICER	N/A	Officer Director	$0	$0	$0
REBECCA JONES	BOARD MEMBER	N/A	Director	$0	$0	$0
LIZ PETREE	OFFICER	N/A	Officer Director	$0	$0	$0
JOHN CHILDRESS	BOARD MEMBER	N/A	Director	$0	$0	$0
CHERYL MATTHEWS	BOARD MEMBER	N/A	Director	$0	$0	$0
BRITTANY HILL	BOARD MEMBER	N/A	Director	$0	$0	$0
TIP NICHOLSON	OFFICER	N/A	Officer Director	$0	$0	$0
KENT SPEARS	BOARD MEMBER	N/A	Director	$0	$0	$0
KELLI SIMKO	BOARD MEMBER	N/A	Director	$0	$0	$0
CAROLE HENDRIX	BOARD MEMBER	N/A	Director	$0	$0	$0
ANITA JOHNSON	BOARD MEMBER	N/A	Director	$0	$0	$0
TOM RALSTON	BOARD MEMBER	N/A	Director	$0	$0	$0
MEGAN SUBER	BOARD MEMBER	N/A	Director	$0	$0	$0
CAREY PARKER	BOARD MEMBER	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
2019	$51	$141,794	No data	$-141,743
2018	$51	$6,229	$141,743	$-6,178