Mountain Ridge Ministries & Music Group

EIN: 263440220 501(c)(3)

Morganton, NC

Total Revenue
$61,454
Total Expenses
$50,895
Total Assets
$70,349
Net Assets
$70,349
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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
2008
Legal Domicile
NC
Principal Officer
ERIC P OLLIS
Phone
9109163998
Tax Period
2023-01-01 to 2023-12-31

Mountain Ridge Ministries & Music Group, founded in 2008, is a micro nonprofit that reported $61K in total revenue in fiscal year 2023. The organization ran a surplus of $11K, a strong 17% operating margin.

Mission

Ministry

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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 (2023)

Revenue Breakdown

Contributions & Grants $61,454
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $61,454

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,000
Other Expenses $50,895
TOTAL EXPENSES $50,895

Year-over-Year Comparison

2023 2022 Change
Revenue $61,454 $57,211 +0.1%
Expenses $50,895 $55,869 -0.1%
Net Income $10,559 $1,342 +6.9%
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

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Governance

Voting Members
N/A
Independent Members
N/A
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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC P OLLIS PresidentTreasurer N/A
Officer
$0 $0 $0
LAURA N OLLIS Vice PresidentSec N/A
Officer
$0 $0 $0
BETTY R NORRIS Director 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
2023 $61,454 $50,895 $70,349 $10,559
2022 $57,211 $55,869 $59,872 $1,342
2021 $70,350 $71,078 $56,426 $-728
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