Goler Community Development Corporation (EIN 562118777) - 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

1998

Legal Domicile

Phone

3367610595

Tax Period

2023-01-01 to 2023-12-31

Goler Community Development Corporation, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $328K in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $450K exceeded revenue, resulting in a 37% operating deficit.

Mission

To improve the quality of life for low resource families and develop the Goler-Depot Street Area of Winston Salem

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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 (2023)

Revenue Breakdown

Contributions & Grants $180,313

Program Service Revenue $142,582

Investment Income $64

Other Revenue $4,864

TOTAL REVENUE $327,823

Expense Breakdown

Grants Paid $0

Salaries & Benefits $187,159

Fundraising Expenses $0

Program Expenses $413,610

Other Expenses $263,256

TOTAL EXPENSES $450,415

Year-over-Year Comparison

	2023	2022	Change
Revenue	$327,823	$676,139	-0.5%
Expenses	$450,415	$1,197,782	-0.6%
Net Income	$-122,592	$-521,643	-0.8%

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

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
Fred Phifer	Chairman	002.00	Director	$0	$0	$0
Michael Suggs	President	040.00	Officer Director	$0	$0	$0
Ron Fisher	Director	002.00	Director	$0	$0	$0
Garland Burton	Director	002.00	Director	$0	$0	$0
Cornelius Graves	Director	002.00	Director	$0	$0	$0
Alana James	Director	002.00	Director	$0	$0	$0
Mary Jac Brennan	Director	002.00	Director	$0	$0	$0
Garrett Bolden	Finance Director	040.00	Officer Key Emp	$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
2024	No data	No data	No data	No data
2023	$327,823	$450,415	$1,879,587	$-122,592
2022	$676,139	$1,197,782	$1,920,939	$-521,643
2022	$676,139	$1,197,782	$1,920,939	$-521,643
2021	$544,008	$460,314	$2,690,751	$83,694
2020	$479,491	$402,070	$2,607,685	$77,421
2019	$868,259	$469,086	$2,418,403	$399,173
2018	$779,405	$504,611	$2,016,789	$274,794

Goler Community Development Corporation