THE MATTHEW 25 CENTER AT TABOR CITY

EIN: 262735551 501(c)(3) Housing & Shelter

TABOR CITY, NC

Total Revenue
$53,563
Total Expenses
$50,981
Total Assets
$679,135
Net Assets
$677,646
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NC
Principal Officer
RONNIE JONES
Phone
8433319997
Tax Period
2024-01-01 to 2024-12-31

THE MATTHEW 25 CENTER AT TABOR CITY, founded in 2009, is a micro nonprofit in the Housing & Shelter sector that reported $54K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $51K left a modest 5% surplus.

Mission

THE ORGANIZATION'S EXEMPT PURPOSE IS TO PROVIDE HOUSING TO MEMBERS OF THE PRISONER'S FAMILIES WHILE THEY VIVSIT THEIR FAMILT MEMBERS IN PRISON.

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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 (2024)

Revenue Breakdown

Contributions & Grants $32,006
Program Service Revenue $0
Investment Income $3,748
Other Revenue $17,809
TOTAL REVENUE $53,563

Expense Breakdown

Grants Paid $0
Salaries & Benefits $32,295
Fundraising Expenses $0
Program Expenses $15,715
Other Expenses $18,686
TOTAL EXPENSES $50,981

Year-over-Year Comparison

2024 2023 Change
Revenue $53,563 $42,078 +0.3%
Expenses $50,981 $32,350 +0.6%
Net Income $2,582 $9,728 -0.7%
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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Governance

Voting Members
16
Independent Members
16
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
4
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOYCE MAULDIN SECRETARY 2.00
Officer Director
$0 $0 $0
JOHNNY EDWARDS DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL SHAW DIRECTOR 1.00
Director
$0 $0 $0
NANETTE STRICKLAND DIRECTOR 1.00
Director
$0 $0 $0
ALAN THOMPSON DIRECTOR 1.00
Director
$0 $0 $0
PERCY WOODWARD DIRECTOR 1.00
Director
$0 $0 $0
RONNIE JONES CHAIRMAN 3.00
Officer Director
$0 $0 $0
MILTON COLEMAN VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
BARBARA S HARRELSON TREASURER 2.00
Officer Director
$0 $0 $0
CHARLES ELVINGTON DIRECTOR 1.00
Director
$0 $0 $0
STAN FOWLER DIRECTOR 1.00
Director
$0 $0 $0
BARBARA FREED DIRECTOR 1.00
Director
$0 $0 $0
DRAKE TSIOULIAS DIRECTOR 1.00
Director
$0 $0 $0
CONNIE HEDGEPATH DIRECTOR 1.00
Director
$0 $0 $0
PATRICIA MCGOUGAN DIRECTOR 1.00
Director
$0 $0 $0
GRACE THOMPSON DIRECTOR 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
2024 $53,563 $50,981 $679,135 $2,582
2023 $42,078 $32,350 $676,578 $9,728
2022 $70,827 $34,978 $666,607 $35,849
2021 $71,260 $17,626 $630,348 $53,634
2020 $45,412 $32,749 $584,109 $12,663
2019 $89,986 $79,109 $565,872 $10,877
2018 $208,563 $50,589 $542,219 $157,974
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