MORRISONS COVE MEMORIAL PARK ASSOC… - Form 990 Financial Data

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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

1977

Legal Domicile

Tax Period

2023-10-01 to 2024-09-30

MORRISONS COVE MEMORIAL PARK ASSOCIATION, founded in 1977, is a small nonprofit in the Recreation & Sports sector that reported $717K in total revenue in fiscal year 2023. Net assets of $2.7M represent 46 months of operating reserves.

Mission

TO PROVIDE RECREATION SERVICES TO THE COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $708,372

RECREATION CENTERPARK AND SWIMMING POOL PROVIDING SERVICES TO THE BOROUGH OF MARTINSBURG AND SURROUNDING COMMUNITIES

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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 $105,133

Program Service Revenue $397,790

Investment Income $73,768

Other Revenue $140,037

TOTAL REVENUE $716,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $363,781

Fundraising Expenses $0

Program Expenses $708,372

Other Expenses $370,660

TOTAL EXPENSES $734,441

Year-over-Year Comparison

	2023	2022	Change
Revenue	$716,728	$693,308	+0.0%
Expenses	$734,441	$669,671	+0.1%
Net Income	$-17,713	$23,637	-1.7%

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

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
THOMAS PORRECA	VICE PRESIDENT	2.00	Director	$0	$0	$0
JESSICA HETRICK	SECRETARY	2.00	Officer Director	$0	$0	$0
JOSEPH LOGAN	TREASURER	0.00	Officer Director	$0	$0	$0
RYAN MYERS	PRESIDENT	5.00	Officer	$0	$0	$0
CHARLES GOJMERAC	MANAGER	0.00	Key Emp	$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	$716,728	$734,441	$2,745,483	$-17,713
2023	$693,308	$669,671	$2,763,060	$23,637
2022	$1,684,580	$661,459	$2,739,029	$1,023,121
2021	$636,698	$529,568	$1,707,272	$107,130

MORRISONS COVE MEMORIAL PARK ASSOCIATION