SMITH MOUNTAIN LAKE CENTER INC (EIN 030384732) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

MATT GERAKARIS

Phone

9048078183

Tax Period

2023-07-01 to 2024-06-30

SMITH MOUNTAIN LAKE CENTER INC FORMERLY MONETA ARTS EDUCATION &, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $272K in total revenue in fiscal year 2021. Revenue surged 406560% from the prior year, signaling strong growth momentum. The organization ran a surplus of $268K, a strong 98% operating margin.

Mission

THE SMITH MOUNTAIN LAKE CENTER, INC., IS A NONPROFIT ORGANIZATION DEDICATED TO BRINGING A MULTI-PURPOSE VENUE TO THE SMITH MOUNTAIN LAKE REGION FOR EDUCATIONAL ACTVITIES, COMMUNITY AND/OR CULTURAL EVENTS AND ENTERTAINMENT.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,100

Program Service Revenue $0

Investment Income $743

Other Revenue $0

TOTAL REVENUE $3,843

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,332

Other Expenses $6,280

TOTAL EXPENSES $6,280

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,843	$33,923	-0.9%
Expenses	$6,280	$297,246	-1.0%
Net Income	$-2,437	$-263,323	-1.0%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT GERAKARIS	PRESIDENT	N/A	Officer Director	$0	$0	$0
JOHN EMERY	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
KATHY E HODGES	SECRETARY	N/A	Officer Director	$0	$0	$0
JOHN CRAWFORD	TREASURER	N/A	Officer Director	$0	$0	$0
MARTHA Y BOWERS	ASSISTANT TR	N/A	Officer Director	$0	$0	$0
VICTORIA L GARDNER	BOARD OF DIR	N/A	Director	$0	$0	$0
JOHN C PHILLIPS	BOARD OF DIR	N/A	Director	$0	$0	$0
TIMOTHY J GARDNER	BOARD OF DIR	N/A	Director	$0	$0	$0
PATRICIA E ENGLAND	BOARD OF DIR	N/A	Director	$0	$0	$0
GERALD W HALE	BOARD OF DIR	N/A	Director	$0	$0	$0
GREG A BEECHER	BOARD OF DIR	N/A	Director	$0	$0	$0
JAMES TARANTINO	BOARD OF DIR	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
2024	$3,843	$6,280	$125,802	$-2,437
2023	$33,923	$297,246	$128,239	$-263,323
2022	$272,462	$4,478	$391,562	$267,984

SMITH MOUNTAIN LAKE CENTER INC