MOUNTAIN BIZCAPITAL INC

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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

Principal Officer

MATTHEW RAKER

Phone

8282532834

Tax Period

2024-01-01 to 2024-12-31

MOUNTAIN BIZCAPITAL INC, founded in 2002, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $12.9M in total revenue in fiscal year 2024. Revenue surged 101% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.1M, a strong 55% operating margin.

Mission

MOUNTAIN BIZWORKS ENVISIONS A THRIVING WESTERN NORTH CAROLINA IN WHICH SMALL BUSINESS OWNERS AND ASPIRING ENTREPRENEURS HAVE ACCESS TO THE RESOURCES NEEDED TO MAKE THEIR DREAMS A REALITY - A REGION WHERE COLLABORATION, CREATIVITY, INNOVATION, AND INVESTMENT GENERATE OPPORTUNITY AND PROSPERITY FOR ALL. MOUNTAIN BIZWORKS' MISSION IS TO BUILD A VIBRANT AND INCLUSIVE ENTREPRENEURIAL COMMUNITY IN WESTERN NORTH CAROLINA BY HELPING SMALL BUSINESSES START, GROW, AND THRIVE. WHEN SMALL BUSINESSES SUCCEED, WE ALL PROSPER.

Program Service Accomplishments

Program 1

Expenses: $4,992,981 Revenue: $4,396,607

MOUNTAIN BIZCAPITAL (MBC) IS A NOT-FOR-PROFIT CORPORATION ESTABLISHED 34 YEARS AGO. THE PRIMARY PURPOSE OF MBC IS TO PROVIDE DIRECT MICRO AND SMALL BUSINESS LOANS TO EXPAND ECONOMIC OPPORTUNITIES IN LOW INCOME AND OTHER UNDERBANKED COMMUNITIES. SINCE ITS EXISTENCE, MBC HAS PROVIDED 121.4 MILLION IN FINANCING TO OVER 4,004 BUSINESSES WHICH HAVE CREATED 9,759 JOBS ACROSS WESTERN NORTH CAROLINA. IN APRIL 2003, MBC WAS CERTIFIED AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION BY THE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION FUND OF THE US DEPARTMENT OF TREASURY. THE ORGANIZATION IS CLASSIFIED AS A PUBLICLY- SUPPORTED CHARITABLE ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,472,157

Program Service Revenue $4,396,607

Investment Income $0

Other Revenue $3,325

TOTAL REVENUE $12,872,089

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,876,184

Fundraising Expenses $134,862

Program Expenses $4,992,981

Other Expenses $2,918,669

TOTAL EXPENSES $5,794,853

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,872,089	$6,406,300	+1.0%
Expenses	$5,794,853	$4,683,575	+0.2%
Net Income	$7,077,236	$1,722,725	+3.1%

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

Governance

Voting Members

Independent Members

Employees

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

$153,070

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW RAKER	EXECUTIVE DI	40.00	Officer	$153,070	$0	$153,070
DUANE ADAMS	MEMBER	1.00	Director	$0	$0	$0
YOLANDA ADAMS	MEMBER	1.00	Director	$0	$0	$0
ZANE ADAMS	CHAIR	1.00	Director	$0	$0	$0
JENNIFER CALDWELL-BILLSTROM	TREASURER	1.00	Director	$0	$0	$0
JOSHUA CARPENTER	MEMBER	1.00	Director	$0	$0	$0
JOSE INFANZON CHAVEZ	MEMBER	1.00	Director	$0	$0	$0
CHAD HALLIDAY	MEMBER	1.00	Director	$0	$0	$0
TIM HERDKLOTZ	2ND VICE CHA	1.00	Director	$0	$0	$0
STEPHANIE LEE	VICE CHAIR	1.00	Director	$0	$0	$0
MITZI REED	MEMBER	1.00	Director	$0	$0	$0
PAULA SWEPSON	SECRETARY	1.00	Director	$0	$0	$0
BRANDON WALLACE	MEMBER	1.00	Director	$0	$0	$0
TERRY YOUNG	MEMBER	1.00	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	$12,872,089	$5,794,853	$50,593,161	$7,077,236
2023	$6,406,300	$4,683,575	$35,233,771	$1,722,725
2022	$6,124,699	$4,123,252	$30,003,155	$2,001,447
2021	$7,220,157	$2,687,266	$25,751,966	$4,532,891
2020	$5,329,263	$2,985,200	$18,722,823	$2,344,063
2019	$2,758,732	$2,321,716	$15,000,750	$437,016
2018	$3,175,538	$1,922,823	$14,399,194	$1,252,715