UNETE INC

EIN: 863291832 501(c)(3) Human Services

CANTON, NC

Total Revenue
$524,543
Total Expenses
$442,647
Total Assets
$323,330
Net Assets
$323,330
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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
2021
Legal Domicile
NC
Tax Period
2023-07-01 to 2024-06-30

UNETE INC, founded in 2021, is a small nonprofit in the Human Services sector that reported $525K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $82K, a strong 16% operating margin.

Mission

TO COLLABORATE AND CO CREATE INCLUSIVE AND EQUITABLE SPACES THAT FOSTER HEALTH, STRENGTHEN SELF ADVOCACY AND PROMOTE WELLNESS FOR THE WHOLE PERSON AND WHOLE COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $131,128
Program Service Revenue $393,383
Investment Income $32
Other Revenue $0
TOTAL REVENUE $524,543

Expense Breakdown

Grants Paid $0
Salaries & Benefits $189,384
Fundraising Expenses $0
Program Expenses $402,140
Other Expenses $253,263
TOTAL EXPENSES $442,647

Year-over-Year Comparison

2023 2022 Change
Revenue $524,543 $616,455 -0.1%
Expenses $442,647 $1,113,269 -0.6%
Net Income $81,896 $-496,814 -1.2%
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
5
Independent Members
5
Employees
5
Volunteers
10

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
$0
Total Directors
0
$0
Key Employees
1
$99,600
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NORMA BROWN EXECUTIVE DIRECTOR 40.00
Key Emp
$99,600 $0 $99,600
JESSICA MARTIN PORTILLO TREASURER 10.00
Officer
$0 $0 $0
MARTHA CALDERON CHAIR 10.00
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 $524,543 $442,647 $323,330 $81,896
2023 $616,455 $1,113,269 $241,434 $-496,814
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