COASTAL ENTERPRISES OF JACKSONVILLE INC

EIN: 566093446 501(c)(3) Employment

JACKSONVILLE, NC

Total Revenue
$15,682,676
Total Expenses
$9,080,516
Total Assets
$47,377,213
Net Assets
$44,706,680
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
NC
Principal Officer
JOHN E GLOVER
Phone
9104552131
Tax Period
2024-07-01 to 2025-06-30

COASTAL ENTERPRISES OF JACKSONVILLE INC, founded in 1981, is a mid-sized nonprofit in the Employment sector that reported $15.7M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.6M, a strong 42% operating margin.

Mission

TO DEVELOP AND MAINTAIN TRAINING AND EMPLOYMENT FOR PERSONS WITH DISABILITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,182,967
Program Service Revenue $14,184,553
Investment Income $286,212
Other Revenue $28,944
TOTAL REVENUE $15,682,676

Expense Breakdown

Grants Paid $54,105
Salaries & Benefits $5,984,528
Fundraising Expenses $0
Program Expenses $2,521,958
Other Expenses $3,041,883
TOTAL EXPENSES $9,080,516

Year-over-Year Comparison

2024 2023 Change
Revenue $15,682,676 $14,070,901 +0.1%
Expenses $9,080,516 $8,321,291 +0.1%
Net Income $6,602,160 $5,749,610 +0.1%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
944
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
3
$1,171,212
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLYDE HURST CHAIRMAN OF THE BOARD 0.25
Director
$0 $0 $0
MATT RAYMOND DIRECTOR 0.25
Director
$0 $0 $0
GEORGE LANVERMEIER DIRECTOR 0.25
Director
$0 $0 $0
DAVID JONES VICE CHAIRMAN 0.25
Director
$0 $0 $0
DAVID KOONCE DIRECTOR 0.25
Director
$0 $0 $0
CAROL BROWN VP/ASST SECRETARY 40.00
Officer
$357,008 $0 $357,008
SYLVIA AMICK VP/SECRETARY 40.00
Officer
$361,163 $0 $361,163
JOHN GLOVER PRESIDENT 40.00
Officer
$453,041 $0 $453,041
DONALD R WETHERINGTON MANAGER 40.00
Highest
$126,096 $0 $126,096
RICHARD KELLUM MANAGER 40.00
Highest
$135,482 $0 $135,482
SAGE VENTERS MANAGER 40.00
Highest
$143,079 $0 $143,079
MICHAEL STOKES MANAGER 40.00
Highest
$198,132 $0 $198,132
JOHN GLOVER MANAGER 40.00
Highest
$261,419 $0 $261,419
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 $15,682,676 $9,080,516 $47,377,213 $6,602,160
2024 No data No data No data No data
2023 $8,664,228 $6,745,148 $35,064,039 $1,919,080
2022 $9,586,335 $6,024,405 $32,071,723 $3,561,930
2021 $9,959,201 $8,072,397 $28,700,774 $1,886,804
2020 $8,204,286 $7,495,568 $26,755,555 $708,718
2019 $9,400,831 $7,426,728 $26,930,363 $1,974,103
2018 $9,014,579 $7,234,120 $24,762,381 $1,780,459
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare COASTAL ENTERPRISES OF JACKSONVILLE INC with other nonprofits in North Carolina and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.