UNITED WAY OF MARTIN COUNTY FOUNDATION INC (EIN 203521388) - Form 990 Financial Analysis & Trantor Score

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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

2005

Legal Domicile

Principal Officer

CAROL HOUWAART-DIEZ

Phone

7722834800

Tax Period

2023-07-01 to 2024-06-30

UNITED WAY OF MARTIN COUNTY FOUNDATION INC, founded in 2005, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $649K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $492K, a strong 76% operating margin.

Mission

THE UNITED WAY OF MARTIN COUNTY FOUNDATION IS AN INDEPENDENT PUBLIC CHARITY UNIQUELY POSITIONED TO ACCEPT LEGACY GIFTS AND BUILD AN ENDOWMENT FUND TO MEET THE CURRENT AND FUTURE UNMET NEEDS IN MARTIN COUNTY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $103,707

Program Service Revenue $0

Investment Income $538,158

Other Revenue $6,671

TOTAL REVENUE $648,536

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $46,289

Fundraising Expenses $146,589

Program Expenses $10,000

Other Expenses $100,300

TOTAL EXPENSES $156,589

Year-over-Year Comparison

	2023	2022	Change
Revenue	$648,536	$1,008,819	-0.4%
Expenses	$156,589	$146,414	+0.1%
Net Income	$491,947	$862,405	-0.4%

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

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

$321,887

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES R CLEAVER	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT WEISSMAN	EX OFFICIO	2.00	Director	$0	$0	$0
THOMAS CAMPENNI	DIRECTOR	2.00	Director	$0	$0	$0
RANDY PENNINGTON	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN A PINNACOLI	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
DENNIS LONGSTREET	CHAIR	2.00	Officer Director	$0	$0	$0
GREGORY R NUTTALL	TREASURER	2.00	Officer Director	$0	$0	$0
BETSY HEROLD	DIRECTOR	2.00	Director	$0	$0	$0
PHIL WINTERCORN	VICE CHAIR	2.00	Director	$0	$0	$0
CAROL HOUWAART-DIEZ	SECRETARY	4.00	Officer	$0	$42,411	$200,067
THERESA SCHINEIS	VP FINANCE	6.00	Officer	$0	$26,109	$121,820

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	$648,536	$156,589	$8,214,144	$491,947
2023	$1,008,819	$146,414	$7,555,772	$862,405
2022	$1,134,645	$148,843	$6,363,912	$985,802
2021	$943,455	$186,555	$6,626,526	$756,900
2020	$229,004	$197,163	$5,098,899	$31,841
2019	$327,488	$162,237	$5,082,865	$165,251
2018	$621,633	$696,467	$4,936,610	$-74,834

UNITED WAY OF MARTIN COUNTY FOUNDATION INC