CLUB NOVA COMMUNITY INC

EIN: 270103430 501(c)(3) Mental Health

CARRBORO, NC

Total Revenue
$1,101,964
Total Expenses
$774,705
Total Assets
$4,521,146
Net Assets
$4,426,704
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
NC
Principal Officer
THOMAS BOND
Phone
9199686682
Tax Period
2022-07-01 to 2023-06-30

CLUB NOVA COMMUNITY INC, founded in 2004, is a community nonprofit in the Mental Health sector that reported $1.1M in total revenue in fiscal year 2022. The organization ran a surplus of $327K, a strong 30% operating margin.

Mission

CLUB NOVA COMMUNITY, INC PROVIDES OPPORTUNITIES FOR INDIVIDUALS LIVING WITH SERIOUS MENTAL ILLNESS TO LEAD MEANINGFUL LIVES OF THEIR CHOICE IN THE COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $839,428
Program Service Revenue $252,442
Investment Income $5,989
Other Revenue $4,105
TOTAL REVENUE $1,101,964

Expense Breakdown

Grants Paid $0
Salaries & Benefits $492,911
Fundraising Expenses $65,056
Program Expenses $611,045
Other Expenses $281,794
TOTAL EXPENSES $774,705

Year-over-Year Comparison

2022 2021 Change
Revenue $1,101,964 $1,146,733 0.0%
Expenses $774,705 $600,984 +0.3%
Net Income $327,259 $545,749 -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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
14
Volunteers
40

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
6
$103,352
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN KINCAID DUNN EXECUTIVE DIRECTOR 40.00
Officer
$85,414 $17,938 $103,352
MATTHEW COX BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLENE LEE BOARD MEMBER 1.00
Director
$0 $0 $0
JAY MILLER BOARD MEMBER 2.00
Director
$0 $0 $0
JANE PAULSEN BOARD MEMBER 6.00
Director
$0 $0 $0
ERRIN STAUNTON BOARD MEMBER 2.00
Director
$0 $0 $0
GRETCHEN DAVIS PRESIDENT/SECRETARY 15.00
Officer Director
$0 $0 $0
MARGARET MILLER GROWE VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
SUE ESTROFF VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
GARY D GADDY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
TOM BOND TREASURER 3.00
Officer 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 No data No data No data No data
2023 $1,101,964 $774,705 $4,521,146 $327,259
2023 $1,100,930 $785,226 $4,453,384 $315,704
2022 $1,146,733 $600,984 $4,185,304 $545,749
2021 $2,242,945 $771,801 $3,823,879 $1,471,144
2020 $1,091,020 $902,405 $2,361,528 $188,615
2019 $1,926,954 $950,123 $2,047,012 $976,831
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