WALNUT COVE COLORED SCHOOL INC

EIN: 582114912 501(c)(3) Arts, Culture & Humanities

WALNUT COVE, NC

Total Revenue
$15,435
Total Expenses
$29,875
Total Assets
$142,655
Net Assets
$142,655
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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
1990
Legal Domicile
NC
Principal Officer
EDWARD E HAIRSTON
Phone
3365917220
Tax Period
2019-01-01 to 2019-12-31

WALNUT COVE COLORED SCHOOL INC, founded in 1990, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $15K in total revenue in fiscal year 2019. Expenses of $30K exceeded revenue, resulting in a 94% operating deficit.

Mission

PROVIDING A SENIOR SERVICE CENTER

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $431
Program Service Revenue $0
Investment Income $0
Other Revenue $15,004
TOTAL REVENUE $15,435

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $29,389
Other Expenses $29,875
TOTAL EXPENSES $29,875

Year-over-Year Comparison

2019 2018 Change
Revenue $15,435 $14,351 +0.1%
Expenses $29,875 $29,621 +0.0%
Net Income $-14,440 $-15,270 -0.1%
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

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Governance

Voting Members
10
Independent Members
8
Employees
N/A
Volunteers
18

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY HAIRSTON PRESIDENT 5.00
Officer
$0 $0 $0
ANTHONY DALTON CHAIRPERSON 2.00
Officer
$0 $0 $0
RUBY GRIFFIN SECRETARY 2.00
Officer
$0 $0 $0
EDWARD HAIRSTON TREASURER 4.00
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
2019 $15,435 $29,875 $142,655 $-14,440
2018 $14,351 $29,621 $137,730 $-15,270
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