Belmont, NC
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)Gaston Innovation Group Inc, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $560K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $98K, a strong 17% operating margin.
Gaston Innnovation Group, Inc., dba TechWorks Gaston, was formed for the purpose of improving the socio-economic conditions for citizens of Gaston County, North Carolina, by stimulating job growth through digital inclusion, small business formation and entrepreneurship, and advancement of technology. The programs and services the organization will be developing and delivering are badly needed in Gaston County due to the challenging economic conditions in the County. Gaston County had the highest unemployment rate (by at least .5%) of all the NC counties contiguous to and including Mecklenburg County and the highest poverty rate among NC counties in that same region. TechWorks Gaston addresses upward mobility for the low to moderate income population by expanding access to high speed internet, as well as specially-designed coding and other technology classes, a digital roadmap with digital literacy tools and training, and partnerships with local colleges and K-12 schools, and other orga
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $559,860 | $398,522 | +0.4% |
| Expenses | $461,981 | $474,891 | 0.0% |
| Net Income | $97,879 | $-76,369 | -2.3% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Terry Cox | Executive Dir. | 60.00 |
Officer
|
$110,000 | $0 | $110,000 |
| Dr Stephen Hannon | Former Chairman | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Nicole Murphey | Vice Chairman | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Sharai Lavoie | Treas/Secretary | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| David Jones | Chairman | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Mark Cramer | Advisor | 1.00 |
Director
|
$0 | $0 | $0 |
| Greg Lovette | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Tim Cascio | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $559,860 | $461,981 | $284,254 | $97,879 |
| 2023 | $398,522 | $474,891 | $251,808 | $-76,369 |
| 2022 | $766,164 | $476,405 | $287,294 | $289,759 |
| 2021 | $240,786 | $487,572 | $343,119 | $-246,786 |
| 2020 | $234,723 | $440,305 | $441,452 | $-205,582 |
| 2019 | $236,561 | $408,711 | $508,590 | $-172,150 |
| 2018 | $454,580 | $305,876 | $283,789 | $148,704 |
Compare Gaston Innovation Group Inc with other nonprofits in North Carolina and across the country.