EDWARD M ARMFIELD SR CIVIC AND RECREATION INC

EIN: 010723520 501(c)(3)

Pilot Mountain, NC

Total Revenue
$542,816
Total Expenses
$459,251
Total Assets
$106,354
Net Assets
$106,354
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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
2002
Legal Domicile
NC
Principal Officer
Harry Wilson
Phone
3363682012
Tax Period
2021-01-01 to 2021-12-31

EDWARD M ARMFIELD SR CIVIC AND RECREATION INC, founded in 2002, is a small nonprofit that reported $543K in total revenue in fiscal year 2021. Revenue surged 93% from the prior year, signaling strong growth momentum. The organization ran a surplus of $84K, a strong 15% operating margin.

Mission

Our fitness center is dedicated to providing members with the cleanest, most professional environment in which to meet their fitness and recreational needs. Building a better community one child, one individual, one family at a time.

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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 (2021)

Revenue Breakdown

Contributions & Grants $425,836
Program Service Revenue $61,006
Investment Income $117
Other Revenue $55,857
TOTAL REVENUE $542,816

Expense Breakdown

Grants Paid $0
Salaries & Benefits $191,356
Fundraising Expenses $0
Program Expenses $32,022
Other Expenses $267,895
TOTAL EXPENSES $459,251

Year-over-Year Comparison

2021 2020 Change
Revenue $542,816 $281,294 +0.9%
Expenses $459,251 $358,160 +0.3%
Net Income $83,565 $-76,866 -2.1%
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
12
Independent Members
12
Employees
N/A
Volunteers
15

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
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nora Goins Board Member 1
Director
$0 $0 $0
David Diamont Board Member 1
Director
$0 $0 $0
Tyler Cook Board Member 1
Director
$0 $0 $0
Michael Boaz Board Member 1
Director
$0 $0 $0
Jerry Lynch Board Member 1
Director
$0 $0 $0
Dana Thomas Board Member 1
Director
$0 $0 $0
Brandon Lowe Board Member 1
Director
$0 $0 $0
Harry Wilson Board President 5
Officer
$0 $0 $0
Bill Hancock Vice-President 1
Officer
$0 $0 $0
Dwight Atkins Treasurer 1
Officer
$0 $0 $0
Mark Tucker Secretary 1
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
2021 $542,816 $459,251 $106,354 $83,565
2020 $281,294 $358,160 $22,789 $-76,866
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