Goler Place Inc

Goler Place Inc. consistently operates at a deficit, with expenses exceeding revenue for over a decade, leading to a decline in assets.

EIN: 202069681 · Winstonsalem, NC · NTEE: L21 · Updated: 2026-03-28

$532KRevenue

$4.5MAssets

65/100Mission Score (Good)

L21

About Goler Place Inc

Goler Place Inc (EIN: 202069681) is a nonprofit organization based in Winstonsalem, NC, classified under NTEE code L21. The organization reported total revenue of $532K and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Goler Place Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Goler Place Inc. demonstrates consistent financial operations, with revenues hovering around the half-million dollar mark and assets exceeding $4.5 million. However, a notable trend is that expenses have consistently outpaced revenue over the past decade, leading to a gradual decline in assets from $6.39 million in 2014 to $4.69 million in 2023. For instance, in 2023, expenses were $689,052 against revenues of $533,697, indicating a deficit. This sustained operational deficit warrants closer examination to understand its long-term sustainability.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses. However, the consistent operational deficit suggests that current revenue streams are insufficient to cover ongoing costs. The absence of reported officer compensation across all filings indicates a potential strength in minimizing overhead related to executive salaries, or that executive functions are performed by unpaid volunteers or through other arrangements not captured as officer compensation.

In terms of transparency, the consistent filing of IRS Form 990s over 13 periods is a positive indicator. The zero reported officer compensation is a transparent disclosure, though it might raise questions about how leadership is compensated or structured. Further transparency could be enhanced by providing more detailed breakdowns of expenses to allow stakeholders to better understand where funds are allocated.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Goler Place Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Goler Place Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Goler Place Inc. consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be unpaid or compensated through means not categorized as officer compensation, which is a positive for minimizing overhead.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Goler Place Inc's IRS 990 filings:

Consistent operational deficits (expenses exceeding revenue for over a decade)
Declining asset base over the long term (from $6.39M in 2014 to $4.69M in 2023)

Strengths

The following positive indicators were identified for Goler Place Inc:

Consistent IRS 990 filing history (13 filings) indicating transparency
No reported officer compensation, suggesting low executive overhead
Substantial asset base ($4.69 million in 2023) providing financial cushion

Frequently Asked Questions about Goler Place Inc

How does Goler Place Inc. plan to address its consistent operational deficits?

The organization has consistently spent more than it earns, with expenses exceeding revenue by approximately $150,000 annually in recent years (e.g., $689,052 expenses vs. $533,697 revenue in 2023). A strategy to balance the budget or increase revenue is crucial.

What is the detailed breakdown of program, administrative, and fundraising expenses?

Without a detailed breakdown, it's challenging to fully assess spending efficiency. The provided data only shows total expenses, not how they are allocated across different functions.

How does Goler Place Inc. sustain operations with declining assets?

Assets have decreased from $6.39 million in 2014 to $4.69 million in 2023. While still substantial, this trend indicates that the organization is drawing down its reserves to cover operational shortfalls.

Filing History

IRS 990 filing history for Goler Place Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Goler Place Inc's revenue has grown by 48.8%, moving from $359K to $534K. Total assets decreased by 33.1% over the same period, from $7.0M to $4.7M. Total functional expenses rose by 23.1%, from $560K to $689K. In its most recent filing year (2023), Goler Place Inc reported a deficit of $155K, with expenses exceeding revenue. The organization holds $281K in liabilities against $4.7M in assets (debt-to-asset ratio: 6.0%), resulting in net assets of $4.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$534K	$689K	$4.7M	$281K	—	—
2022	$540K	$667K	$4.8M	$256K	—	View 990
2021	$520K	$709K	$5.0M	$257K	—	View 990
2020	$509K	$712K	$5.2M	$288K	—	View 990
2019	$490K	$712K	$5.4M	$294K	—	View 990
2018	$478K	$679K	$5.6M	$270K	—	View 990
2017	$452K	$679K	$5.8M	$258K	—	View 990
2016	$449K	$648K	$6.0M	$241K	—	View 990
2015	$435K	$641K	$6.2M	$248K	—	View 990
2014	$431K	$642K	$6.4M	$249K	—	View 990
2013	$399K	$570K	$6.6M	$256K	—	View 990
2012	$359K	$611K	$6.8M	$261K	—	View 990
2011	$359K	$560K	$7.0M	$241K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $534K, expenses of $689K, and assets of $4.7M (revenue -1.1% year-over-year).
2022: Revenue of $540K, expenses of $667K, and assets of $4.8M (revenue +3.9% year-over-year).
2021: Revenue of $520K, expenses of $709K, and assets of $5.0M (revenue +2.1% year-over-year).
2020: Revenue of $509K, expenses of $712K, and assets of $5.2M (revenue +3.9% year-over-year).
2019: Revenue of $490K, expenses of $712K, and assets of $5.4M (revenue +2.5% year-over-year).
2018: Revenue of $478K, expenses of $679K, and assets of $5.6M (revenue +5.9% year-over-year).
2017: Revenue of $452K, expenses of $679K, and assets of $5.8M (revenue +0.6% year-over-year).
2016: Revenue of $449K, expenses of $648K, and assets of $6.0M (revenue +3.2% year-over-year).
2015: Revenue of $435K, expenses of $641K, and assets of $6.2M (revenue +0.9% year-over-year).
2014: Revenue of $431K, expenses of $642K, and assets of $6.4M (revenue +7.9% year-over-year).
2013: Revenue of $399K, expenses of $570K, and assets of $6.6M (revenue +11.3% year-over-year).
2012: Revenue of $359K, expenses of $611K, and assets of $6.8M (revenue +0.0% year-over-year).
2011: Revenue of $359K, expenses of $560K, and assets of $7.0M.

Data Sources and Methodology

This transparency report for Goler Place Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.