FRIENDS OF THE WAKE COUNTY GUARDIA… - Form 990 Financial Data

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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

NATHAN FORSHEY

Phone

9192105640

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE WAKE COUNTY GUARDIAN AD LITEM PROGRAM, founded in 1991, is a small nonprofit in the Community Improvement sector that reported $128K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $163K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO ENHANCE THE LIVES OF AT-RISK CHILDREN THROUGH PROGRAMS WHICH PROMOTE THEIR PHYSICAL, EDUCATIONAL, AND EMOTIONAL WELL-BEING, AND TO PROVIDE SUPPORT FOR THE WAKE COUNTY GAL PROGRAM.

Program Service Accomplishments

Program 1

Expenses: $56,725 Revenue: $67,443

EDUCATIONAL SUPPORT PROGRAM PROVIDES TUTORING ASSISTANCE, EDUCATIONAL MATERIALS, AND OTHER SCHOOL RESOURCES TO CHILDREN IN NEED.

Program 2

Expenses: $10,359 Revenue: $12,614

ANGEL TREE PROGRAM PROVIDES CHRISTMAS GIFTS AND OTHER RESOURCES AROUND THE HOLIDAYS TO FOSTER CHILDREN IN NEED.

Program 3

Expenses: $26,592 Revenue: $10,083

SUMMER CAMP GRANTS PROVIDE RECREATIONAL AND SOCIAL SUPPORT TO CHILDREN IN NEED BY PROVIDING AN OPPORTUNITY TO INTERACT AND BUILD RELATIONSHIPS WITH OTHERS.

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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 $55,840

Program Service Revenue $0

Investment Income $5,083

Other Revenue $67,443

TOTAL REVENUE $128,366

Expense Breakdown

Grants Paid $107,767

Salaries & Benefits $7,350

Fundraising Expenses $22,990

Program Expenses $107,767

Other Expenses $47,854

TOTAL EXPENSES $162,971

Year-over-Year Comparison

	2024	2023	Change
Revenue	$128,366	$188,934	-0.3%
Expenses	$162,971	$192,360	-0.2%
Net Income	$-34,605	$-3,426	+9.1%

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

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
LAURA GRUEBEL	PRESIDENT	10.00	Officer	$0	$0	$0
CATHERINE JOYNER	VICE PRESIDENT	10.00	Officer	$0	$0	$0
NATHAN FORSHEY	TREASURER	10.00	Officer	$0	$0	$0
MICHELLE HILSON	SECRETARY	10.00	Officer	$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	$128,366	$162,971	$160,435	$-34,605
2023	$188,934	$192,360	$195,040	$-3,426
2022	$167,550	$143,375	$198,466	$24,175
2021	$147,392	$123,033	$174,291	$24,359
2020	$98,677	$96,472	$149,932	$2,205

FRIENDS OF THE WAKE COUNTY GUARDIAN AD LITEM PROGRAM