GREEN AND GOLD FOUNDATION OF LAKE WALES INC

EIN: 593718203 501(c)(3) Human Services

LAKE WALES, FL

Total Revenue
$76,285
Total Expenses
$93,454
Total Assets
$375,917
Net Assets
$375,208
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
FL
Principal Officer
CLINTON HORNE
Phone
8636798091
Tax Period
2025-01-01 to 2025-12-31

GREEN AND GOLD FOUNDATION OF LAKE WALES INC, founded in 2001, is a micro nonprofit in the Human Services sector that reported $76K in total revenue in fiscal year 2025. Expenses of $93K exceeded revenue, resulting in a 23% operating deficit.

Mission

WE, THE MEMBERS OF THE GREEN & GOLD FOUNDATION, INC. WILL DILIGENTLY AND COLLECTIVELY DEDICATE OUR TIME, EXPERTISE, EFFORT AND RESOURCES TO EDUCATE, MOTIVATE, INSPIRE, AND PREPARE OUR YOUTH AND COMMUNITY FOR A HIGHER STANDARD OF SUCCESS, PRIDE, SELF-ESTEEM AND INDEPENDENCE. WE WILL SUCCEED IN THESE ENDEAVORS WITH FINANCIAL ASSISTANCE, BUILDING CHARACTER & SELF- ESTEEM, ROLE MODELING, EDUCATIONAL PROGRAMS, MORAL PRINCIPALS, CLEANING, BEAUTIFYING, AND BUILDING OUR COMMUNITY.

Program Service Accomplishments

Program 1

PROGRAM SERVICE REVENUE: OFFICE MANAGEMENT AND OVERHEAD EXPENSES (EXCLUDING PAYROLL)

Program 2
Expenses: $40,154

INTAKE AND REFERRAL PROGRAM: THIS PROGRAM WAS MANDATED THROUGH A CONTRACT WITH BOTH THE CITY OF LAKE WALES AND POLK COUNTY TO SERVICE ALL CITIZENS SEEKING INDIVIDUAL SERVICE AND/OR ASSISTANCE. THE...

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INTAKE AND REFERRAL PROGRAM: THIS PROGRAM WAS MANDATED THROUGH A CONTRACT WITH BOTH THE CITY OF LAKE WALES AND POLK COUNTY TO SERVICE ALL CITIZENS SEEKING INDIVIDUAL SERVICE AND/OR ASSISTANCE. THE CITY OF LAKE WALES WAS TO PROVIDE ANNUAL GRANT ASSISTANCE TO COVER THE COST OF ADMINISTRATION AND IN TURN THE GREEN & GOLD FOUNDATION WAS TO SERVE AS PROGRAM MANAGING AGENT OF THE "B" STREET COMMUNITY SERVICE CENTER AND ALSO PROVIDE SCHEDULING USAGE AND SOME ADMINISTRATIVE ASSISTANCE TO THE CENTER'S 4 OTHER RESIDENT AGENCIES. THE BASIS OF THE AGREEMENT, "INTAKE AND REFERRAL CASE ACTIVITIES" WERE TO INCLUDE, BUT NOT LIMITED TO: (1) RENT, UTILITY, (WATER & LIGHT) ISSUES (2) PROPERTY TAXES (3) SOCIAL SECURITY ISSUE(4)UNEMPLOYMENT/WORKER'S COMPENSATION ISSUES (5) INSURANCE ISSUES (6) PARENTING ISSUES (7) JOB DISCRIMINATION (8) AUTO ACCIDENTS (9) JOB ISSUES (10) LEGAL SEPERATIONS (11) HOUSING (GENERAL) (12) LEGAL (GENERAL) (13) SOCIAL ISSUES (14) MEDICAL ASSISTANCE (15) MEETINGS - CLUBS, CHURCHES, ASSOCIATIONS (16) MEETINGS - CITY AND COUNTY (17) TAX ISSUES AND SEMINARS (18) FAMILY CONFLICT ISSUES (19) AFTER SCHOOL ENRICHMENT PROGRAM (20) SOCIAL SKILLS PROBLEMS (21) VARIOUS WORKSHOPS. IN SUMMARY, THE GREEN AND GOLD FOUNDATION WAS TO PROVIDE VITAL INTAKE AND REFERRAL SERVICES TO LOCAL CITIZENS AND ORGANIZATIONS.

Program 3
Revenue: $21,775

SUMMER PROGRAMS: WE, THE GREEN & GOLD FOUNDATION, HAVE BEEN SPONSORING THE SUMMER ENRICHMENT, ACADEMIC & RECREATIONAL PROGRAM FOR AREA ELEMNTARY CHILDREN IN ORDER TO SUPPORT AND REITERATE THE BASIC...

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SUMMER PROGRAMS: WE, THE GREEN & GOLD FOUNDATION, HAVE BEEN SPONSORING THE SUMMER ENRICHMENT, ACADEMIC & RECREATIONAL PROGRAM FOR AREA ELEMNTARY CHILDREN IN ORDER TO SUPPORT AND REITERATE THE BASIC SKILLS STUDENTS LEARN DURING THE ACADEMIC YEAR. IN SOME INSTANCES, PERSONNEL, WORKERS, AND VOLUNTEERS ARE PAID BY PARTICIPATING COMMUNITY PARTNERS. MOSTLY, WE PROVIDE SUPERVISION (BY PARENTS, RETIRED TEACHERS AND PRINCIPALS), SPACE, COMPUTERS, MAINTENANCE, MATERIALS, AND SUPPLIES. THE B STREET COMMUNITY SERVICE CENTER HAS PARTNERED WITH THE LOCAL COUNTY & AREA SCHOOLS TO FEED FROM 120-150 YOUTHS (AGES 4-18) THROUGHOUT THE SUMMER. BREAKFAST & LUNCH ARE PROVIDED DAILY DURING THE ENTIRE SUMMER PROGRAM.

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $47,444
Program Service Revenue $21,775
Investment Income $6
Other Revenue $7,060
TOTAL REVENUE $76,285

Expense Breakdown

Grants Paid $0
Salaries & Benefits $25,776
Fundraising Expenses $0
Program Expenses $81,803
Other Expenses $67,120
TOTAL EXPENSES $93,454

Year-over-Year Comparison

2025 2024 Change
Revenue $76,285 $73,666 +0.0%
Expenses $93,454 $90,155 +0.0%
Net Income $-17,169 $-16,489 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
N/A
Employees
8
Volunteers
20

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
5
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NARVELL PETERSON PRESIDENT N/A
Officer Director
$0 $0 $0
TERRYE Y HOWELL VICE PRESIDE N/A
Officer Director
$0 $0 $0
IVORY WILSON TREASURER N/A
Officer Director
$0 $0 $0
SARA JONES SECRETARY N/A
Officer Director
$0 $0 $0
ROSCOE WILLIAMS PAST PRESIDE N/A
Officer Director
$0 $0 $0
ALTON NORWOOD DIRECTOR N/A
Director
$0 $0 $0
RODNEY RACKLEY DIRECTOR N/A
Director
$0 $0 $0
RALPH ROBERTS DIRECTOR N/A
Director
$0 $0 $0
C DEMING COWLES ADVISORY BOA N/A
Director
$0 $0 $0
CLINTON HORNE ADVISORY BOA N/A
Director
$0 $0 $0
HOWARD KAY ADVISORY BOA N/A
Director
$0 $0 $0
CAROLYN D PASS MD ADVISORY BOA N/A
Director
$0 $0 $0
BURNEY HAYES DIRECTOR N/A
Director
$0 $0 $0
KAYREEN NEELY SEAR PROGRAM N/A
Director
$0 $0 $0
PATRICIA FORNEY-MCMILLAN EXECUTIVE AS N/A
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
2025 $76,285 $93,454 $375,917 $-17,169
2024 $73,666 $90,155 $393,116 $-16,489
2023 $80,089 $86,579 $410,187 $-6,490
2022 $75,540 $78,993 $416,806 $-3,453
2021 $76,566 $92,142 $420,705 $-15,576
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