AGILE CITY WINSTON-SALEM

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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

2016

Legal Domicile

Principal Officer

KAREN BARNES

Phone

8653601341

Tax Period

2023-01-01 to 2023-12-31

AGILE CITY WINSTON-SALEM, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $246K in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $287K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO BROADEN, CONNECT, AND SUPPORT THE INNOVATION COMMUNITY THROUGH PUBLIC SPACES AND PROGRAMS TO HELP ANYONE WITH AN IDEA SUCCEED.

Program Service Accomplishments

Program 1

Expenses: $248,175 Revenue: $201,701

TO BROADEN, CONNECT, AND SUPPORT THE INNOVATION COMMUNITY THROUGH PUBLIC SPACES AND PROGRAMS TO HELP ANYONE WITH AN IDEA SUCCEED.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $40,000

Program Service Revenue $201,701

Investment Income $-2,439

Other Revenue $6,987

TOTAL REVENUE $246,249

Expense Breakdown

Grants Paid $0

Salaries & Benefits $176,497

Fundraising Expenses $18,827

Program Expenses $248,175

Other Expenses $110,548

TOTAL EXPENSES $287,045

Year-over-Year Comparison

	2023	2022	Change
Revenue	$246,249	$604,303	-0.6%
Expenses	$287,045	$1,477,273	-0.8%
Net Income	$-40,796	$-872,970	-1.0%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$163,787

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN BARNES	EXECUTIVE DI	40.00	Officer	$143,231	$20,556	$163,787
CAROLINE MOORE	DIRECTOR	1.00	Director	$0	$0	$0
FLETCHER STEELE	DIRECTOR	1.00	Director	$0	$0	$0
JASON PADONE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MOUNTS	CHAIR	1.00	Officer Director	$0	$0	$0
ALLEN JOINES	SECRETARY	1.00	Officer 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
2023	$246,249	$287,045	$44,925	$-40,796
2022	$604,303	$1,477,273	$131,565	$-872,970
2021	$2,144,669	$1,333,252	$994,242	$811,417
2020	$623,663	$588,104	$177,277	$35,559
2019	$742,565	$640,048	$144,743	$102,517
2018	$409,801	$414,129	$24,361	$-4,328