Greater Wilmington Youth Initiative Inc

EIN: 811220120 501(c)(3) Recreation & Sports

Wilmington, NC

Total Revenue
$422,994
Total Expenses
$490,848
Total Assets
$903,358
Net Assets
$879,691
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NC
Principal Officer
Dennis Shanahan
Phone
9102008240
Tax Period
2023-01-01 to 2023-12-31

Greater Wilmington Youth Initiative Inc, founded in 2015, is a small nonprofit in the Recreation & Sports sector that reported $423K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $491K exceeded revenue, resulting in a 16% operating deficit.

Mission

The First Tee of Greater Wilmington impacts the lives of young people by providing educational programs that build character, instill life-enhancing values and promote healthy choices through the game of golf.

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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 (2023)

Revenue Breakdown

Contributions & Grants $330,097
Program Service Revenue $88,249
Investment Income $4,648
Other Revenue $0
TOTAL REVENUE $422,994

Expense Breakdown

Grants Paid $0
Salaries & Benefits $242,353
Fundraising Expenses $98,888
Program Expenses $274,240
Other Expenses $248,495
TOTAL EXPENSES $490,848

Year-over-Year Comparison

2023 2022 Change
Revenue $422,994 $515,190 -0.2%
Expenses $490,848 $411,155 +0.2%
Net Income $-67,854 $104,035 -1.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
9
Volunteers
15

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
16
$73,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dennis Shanahan Chairman 5.00
Officer Director
$0 $0 $0
Gordon D Dalgleish Honorary Chairman 5.00
Officer Director
$0 $0 $0
David Hamilton Treasurer 5.00
Officer Director
$0 $0 $0
Andy Jones Secretary 5.00
Officer Director
$0 $0 $0
Neal Andrew Board Member 2.00
Director
$0 $0 $0
Jonathan Barfield Board Member 2.00
Director
$0 $0 $0
Ann Boston Board Member 2.00
Director
$0 $0 $0
Patrick Boykin Board Member 2.00
Director
$0 $0 $0
Chris Byrd Board Member 2.00
Director
$0 $0 $0
Jason Cherry Board Member 2.00
Director
$0 $0 $0
Harrison Gould Board Member 2.00
Director
$0 $0 $0
Jerry T Hannant Board Member 2.00
Director
$0 $0 $0
Clint Howell Board Member 2.00
Director
$0 $0 $0
Veronica S McLaurin-Brown Board Member 2.00
Director
$0 $0 $0
Chad Pearson Board Member 2.00
Director
$0 $0 $0
Brittany Zachrich Executive Director 40.00
Director
$73,500 $0 $73,500
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 No data No data No data No data
2023 $422,994 $490,848 $903,358 $-67,854
2022 $515,190 $411,155 $954,433 $104,035
2021 $416,873 $396,391 $909,472 $20,482
2020 $376,783 $393,714 $791,236 $-16,931
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