GARNER ELITE INC

EIN: 834276035 501(c)(3) Recreation & Sports

RALEIGH, NC

Total Revenue
$66,662
Total Expenses
$68,882
Total Assets
$1,104
Net Assets
$1,104
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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
2019
Legal Domicile
NC
Principal Officer
WILLIAM OATES
Phone
9193024648
Tax Period
2024-01-01 to 2024-12-31

GARNER ELITE INC, founded in 2019, is a micro nonprofit in the Recreation & Sports sector that reported $67K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

TO ASSIST YOUNG PEOPLE IN THEIR PHYSICAL AND EMOTIONAL DEVELOPMENT THROUGH TEAM SPORTS

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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 (2024)

Revenue Breakdown

Contributions & Grants $30,812
Program Service Revenue $35,850
Investment Income $0
Other Revenue $0
TOTAL REVENUE $66,662

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $68,882
Other Expenses $68,882
TOTAL EXPENSES $68,882

Year-over-Year Comparison

2024 2023 Change
Revenue $66,662 $53,226 +0.3%
Expenses $68,882 $73,362 -0.1%
Net Income $-2,220 $-20,136 -0.9%
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
8
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LORI MEYER SECRETARY N/A
Officer
$0 $0 $0
WILLIAM OATES PRESIDENT N/A
Officer
$0 $0 $0
DONNA STEPHENS TREASURER N/A
Officer
$0 $0 $0
JODY STEPHENS VICE PRESIDE N/A
Officer
$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
2024 $66,662 $68,882 $1,104 $-2,220
2023 $53,226 $73,362 $3,324 $-20,136
2022 $87,713 $93,724 $23,460 $-6,011
2021 $106,337 $93,219 $29,471 $13,118
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