THE BETTER HOUR FOUNDATION INC

EIN: 832080596

RALEIGH, NC

Total Revenue
N/A
Total Expenses
$14,933
Total Assets
$4,292
Net Assets
$4,292
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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
2018
Legal Domicile
NC
Principal Officer
WILLIAM GUPTON
Phone
9848844427
Tax Period
2022-01-01 to 2022-12-31

Mission

THE PURPOSE OF THE CORPORATION IS TO FURTHER THE COMMON GOOD AND GENERAL WELFARE OF THE PEOPLE OF NORTH CAROLINA BY PROMOTING LOWER TAXES, LESS GOVERNMENT AND ECONOMIC PROSPERITY, SPONSORING FAITH-BASED INTIATIVES TO ALLEVIATE POVERTY, AND TO ENGAGE IN ANY AND ALL LAWFUL ACTIVITIES THAT ARE APPROPRIATE TO CARRY OUT AND FULFILL ANY OR ALL SUCH PURPOSES.

Program Service Accomplishments

Program 1
Expenses: $6,000

DURING THE CURRENT YEAR, THE BETTER HOUR FOUNDATION USED VARIOUS SOCIAL MEDIA PLATFORMS TO CIRCULATE ARTICLES AND CURRENT AFFAIR INFORMATION TO HIGHLIGHT MATTERS THAT THE FOUNDATION BELIEVES IS...

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DURING THE CURRENT YEAR, THE BETTER HOUR FOUNDATION USED VARIOUS SOCIAL MEDIA PLATFORMS TO CIRCULATE ARTICLES AND CURRENT AFFAIR INFORMATION TO HIGHLIGHT MATTERS THAT THE FOUNDATION BELIEVES IS IMPORTANT TO THE CITIZENS OF NORTH CAROLINA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,000
Other Expenses $14,933
TOTAL EXPENSES $14,933

Year-over-Year Comparison

2022 2021 Change
Revenue N/A $20,991 -1.0%
Expenses $14,933 $14,723 +0.0%
Net Income N/A $6,268 N/A
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
3

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
2
$2,225
Total Directors
4
$2,225
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID LONGO PRESIDENT 1.00
Officer Director
$0 $0 $0
WILLIAM R GUPTON TREASURER/SECRETARY 1.00
Officer Director
$2,225 $0 $2,225
HOWARD L SHOE JR DIRECTOR 0.50
Director
$0 $0 $0
MARVIN B BENNETT JR DIRECTOR 0.50
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
2022 No data $14,933 $4,292 No data
2021 $20,991 $14,723 $19,225 $6,268
2020 $654,065 $979,989 $12,957 $-325,924
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