MORGANTON COMMUNITY ENRICHMENT INC (EIN 270980900) - 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

2010

Legal Domicile

Principal Officer

Steve Villar

Phone

8284379101

Tax Period

2021-01-01 to 2021-12-31

MORGANTON COMMUNITY ENRICHMENT INC, founded in 2010, is a micro nonprofit in the Housing & Shelter sector that reported $84K in total revenue in fiscal year 2021. Revenue surged 1651% from the prior year, signaling strong growth momentum. Net assets of $847K represent 120 months of operating reserves.

Mission

DEVELOP AND PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME RESIDENTS OF BURKE COUNTY AND THE CITY OF MORGANTON, NORTH CAROLINA

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $84,471

Investment Income $26

Other Revenue $0

TOTAL REVENUE $84,497

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,218

Fundraising Expenses $0

Program Expenses $91,770

Other Expenses $82,552

TOTAL EXPENSES $91,770

Year-over-Year Comparison

	2021	2020	Change
Revenue	$84,497	$4,827	+16.5%
Expenses	$91,770	$11,689	+6.9%
Net Income	$-7,273	$-6,862	+0.1%

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

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

$95,037

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE VILLAR	SECRETARY-EXECUTIVE DIRECTOR	5	Officer	$0	$0	$95,037
REVEREND THOMAS BLAND	CHAIRMAN	0.5	Director	$0	$0	$0
SCOTT CARICO	VICE-CHAIR	0.25	Director	$0	$0	$0
BRYAN BLACK	DIRECTOR	0.25	Director	$0	$0	$0
ADRIANA MORRIS	DIRECTOR	0.25	Director	$0	$0	$0
DANIEL GUTIERREZ	DIRECTOR	0.25	Director	$0	$0	$0
MARCIA PETERSON	DIRECTOR	0.25	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
2021	$84,497	$91,770	$849,338	$-7,273
2020	$4,827	$11,689	$856,817	$-6,862

MORGANTON COMMUNITY ENRICHMENT INC