WEBB SQUARED

EIN: 863751750 501(c)(3) Community Improvement

PITTSBORO, NC

Total Revenue
$226,882
Total Expenses
$241,973
Total Assets
$1,633
Net Assets
$1,633
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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
Principal Officer
STEPHANIE TERRY
Phone
9104902074
Tax Period
2024-01-01 to 2024-12-31

WEBB SQUARED, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $227K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO REDRESS THE RACIAL WEALTH GAP AND BUILD GENERATIONAL WEALTH BY PROVIDING INCUBATOR AND ACCELERATOR SERVICES TO BLACK AND BROWN ENTREPRENEURS IN RUAL NC.

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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 $109,903
Program Service Revenue $116,979
Investment Income $0
Other Revenue $0
TOTAL REVENUE $226,882

Expense Breakdown

Grants Paid $0
Salaries & Benefits $167,566
Fundraising Expenses $0
Program Expenses $214,913
Other Expenses $74,407
TOTAL EXPENSES $241,973

Year-over-Year Comparison

2024 2023 Change
Revenue $226,882 $201,271 +0.1%
Expenses $241,973 $186,532 +0.3%
Net Income $-15,091 $14,739 -2.0%
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

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Governance

Voting Members
5
Independent Members
5
Employees
3
Volunteers
4

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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUDY BATISTA SECRETARY N/A
Director
$0 $0 $0
MAXINE BURGESS CHAIR N/A
Director
$0 $0 $0
CAROL HEWITT CO-CHAIR N/A
Director
$0 $0 $0
EVAN SPRINGFIELD-COBB TREASURER N/A
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
2025 No data No data No data No data
2024 $226,882 $241,973 $1,633 $-15,091
2023 $201,271 $186,532 $16,724 $14,739
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