Belmont, NC
4 risk indicators measuring financial stability and operational resilience
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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
K-12 STEM ClassesRowing & Robotics Summer Camp, June- July 2024Summer Coding Camp July 2024 for elementary, middle and high school youthRobotics Classes and First Lego League Competition Classes, Jan...
K-12 STEM ClassesRowing & Robotics Summer Camp, June- July 2024Summer Coding Camp July 2024 for elementary, middle and high school youthRobotics Classes and First Lego League Competition Classes, Jan through Dec 2024Sunday Coding Club classes, Jan through Dec 2024, elementary, middle, and high school youth classesPaul D West Robotics Team Training, Jan thru Dec 2024Belmont Recreation Center Robotics, June-July 2024Highland School of Technology, Juniors Tech Day, Feb 26, 2024NC Digital Equity Grant funded $4,900 for K-12 STEM Programs in Q4 2024 Charlotte SIM Grant funded $3,500 for K-12 STEM Courses
Pearson Vue Certification Testing Center and College Board Exam AdministrationTechWorks is open to the public for certification testing 5 days/week all year long. It's the only public certification...
Pearson Vue Certification Testing Center and College Board Exam AdministrationTechWorks is open to the public for certification testing 5 days/week all year long. It's the only public certification testing center in Gaston County. We have paid proctors who manage the testing center. 1,622 testers used the center in 2024.We became a College Board Exam Center starting Nov 2024. SAT Exams were administered on Nov 2 & Dec 7, 2024, for a total of 80 students.NC Digital Equity Grant funded $3,043 for Pearson Vue Testing Proctors and SAT Exam operations.
Various Adult Enterpreneurial and Tech Daily CoursesMonthly Lunch & Learns for Entrepreneurs Cybersecurity for Small BusinessDeal Desk Sessions with seasoned entrepreneurs/investors Chat GPT Seminar...
Various Adult Enterpreneurial and Tech Daily CoursesMonthly Lunch & Learns for Entrepreneurs Cybersecurity for Small BusinessDeal Desk Sessions with seasoned entrepreneurs/investors Chat GPT Seminar Oct 13 and Dec 1, 2024NC Digital Equity Grant funded $600 for Chat GPT Seminars
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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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
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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 |
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