GOOD NEWS II OF STATESVILLE INC (EIN 581539345) - 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

1983

Legal Domicile

Principal Officer

RHYNE SCOTT

Phone

3362491836

Tax Period

2024-01-01 to 2024-12-31

GOOD NEWS II OF STATESVILLE INC, founded in 1983, is a small nonprofit that reported $423K in total revenue in fiscal year 2024. Expenses of $367K left a modest 13% surplus.

Mission

PROVIDE HOUSING TO QUALIFIED ELDERLY/HANDICAPPED PERSONS UNDER HUD SUPERVISED PROGRAMS.

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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 $239,556

Program Service Revenue $183,922

Investment Income $0

Other Revenue $0

TOTAL REVENUE $423,478

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,458

Fundraising Expenses $0

Program Expenses $271,122

Other Expenses $281,463

TOTAL EXPENSES $366,921

Year-over-Year Comparison

	2024	2023	Change
Revenue	$423,478	$406,781	+0.0%
Expenses	$366,921	$361,281	+0.0%
Net Income	$56,557	$45,500	+0.2%

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

N/A

Volunteers

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
RHYNE SCOTT	PRESIDENT	1.00	Officer Director	$0	$0	$0
BETH BUSH	SECRETARY	1.00	Officer Director	$0	$0	$0
JUDY WATTS	SECRETARY	1.00	Officer Director	$0	$0	$0
DICK SEARS	INVESTMENT OFFICER	1.00	Officer Director	$0	$0	$0
ANNE HERSCHLER	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY CANNADA	BOARD MEMBER	1.00	Director	$0	$0	$0
BRYAN GEORGE	BOARD MEMBER	1.00	Director	$0	$0	$0
HARRIET MAUZE	BOARD MEMBER	1.00	Director	$0	$0	$0
NATE MCELWEE	BOARD MEMBER	1.00	Director	$0	$0	$0
SUEZI LONG	BOARD MEMBER	1.00	Director	$0	$0	$0
CAREY PARKER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOY MORRISON	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM AUSTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DYCIE WALTON	BOARD MEMBER	1.00	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
2024	$423,478	$366,921	$1,240,776	$56,557
2023	$406,781	$361,281	$1,250,307	$45,500
2022	$462,967	$344,692	$1,212,607	$118,275
2021	$447,292	$396,659	$1,195,110	$50,633
2020	$429,009	$383,392	$1,134,793	$45,617
2019	$353,167	$386,577	$1,126,562	$-33,410
2018	$347,901	$374,153	$1,201,061	$-26,252

GOOD NEWS II OF STATESVILLE INC