GARRETT COMMUNITY CENTER

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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

1997

Legal Domicile

Principal Officer

CHERYL NICOLE

Phone

2603571917

Tax Period

2024-06-01 to 2025-05-31

GARRETT COMMUNITY CENTER, founded in 1997, is a community nonprofit in the Human Services sector that reported $2.9M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $774K, a strong 27% operating margin.

Mission

WE MEET PEOPLE WHERE THEY ARE AND WALK WITH THEM TOWARD WHO THEY ARE BECOMING.

Program Service Accomplishments

Program 1

Expenses: $1,835,018 Revenue: $700,844

JAM CENTER OFFERS A VARIETY OF PROGRAMS FOR PEOPLE OF ALL AGES. WE BELIEVE THAT TOGETHER AS A COMMUNITY WE CAN ACCOMPLISH SO MUCH MORE. OUR COMMUNITY CENTER OFFERS WELLNESS, EDUCATION AND FUN WITH...

JAM CENTER OFFERS A VARIETY OF PROGRAMS FOR PEOPLE OF ALL AGES. WE BELIEVE THAT TOGETHER AS A COMMUNITY WE CAN ACCOMPLISH SO MUCH MORE. OUR COMMUNITY CENTER OFFERS WELLNESS, EDUCATION AND FUN WITH THE FOLLOWING CORE VALUES: WE ARE FAMILY, BREAKING NEGATIVE CYCLES, EMPOWERING OTHERS, MAKING A DIFFERENCE, AND GEARED FOR FUN. FROM JUNE 2024-MAY 2025 WE HOSTED OVER 1,025 MEMBERS TO OUR FACILITY. THERE WERE 2,806 PARTICIPANTS REGISTERED FOR FITNESS, CLASSES, WELLNESS GROUPS, AND LEAGUES MAKING 5,455 VISITS TO THE FACILITY. WE ALSO WELCOMED THOUSANDS OF VISITORS THROUGH EVENTS, GUEST PASSES, AND SPECIAL PROGRAMS. WE OFFER THE JAM SWIM SCHOOL THAT PROVIDES PERSONALIZED SWIM LESSONS CENTERED ON CHILD DEVELOPMENT AND SAFETY. THESE CLASSES ARE OFFERED FOR INDIVIDUALS 6 MONTHS OLD THROUGH THE GOLDEN SENIOR YEARS. FROM JUNE 2024-MAY 2025 WE HAD 801 REGISTRATIONS FOR AQUATICS CLASSES. JAM EARLY EDUCATION IS OUR SCHOOL THAT PROVIDES FULL-DAY LEARNING FOR INFANTS THROUGH 5 YEAR OLDS. THIS PROGRAM ALSO PROVIDES ELEMENTARY STUDENTS WITH ENRICHMENT ACTIVITIES BEFORE AND AFTER SCHOOL AND DURING BREAKS. FROM JUNE 2024-MAY 2025 WE PROVIDED EARLY LEARNING GROWTH AND OPPORTUNITIES FOR 100 STUDENTS REPRESENTING 76 FAMILIES. CLUB JAM IS THE TEEN INITIATIVE AT THE JAM CENTER. WITH THE DESIRE TO PROVIDE ENGAGING ACTIVITIES, POSITIVE ROLE MODELS, AND FUN FOR MIDDLE SCHOOL AND HIGH SCHOOL TEENS, WE OFFER A VARIETY OF OPTIONS. STEM (SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH), LIFE SKILLS, PROBLEM SOLVING, AND OPPORTUNITIES FOR SERVING OTHERS ALL PLAY A VITAL PART IN THIS INITIATIVE. WITH DAILY ACTIVITIES AFTER SCHOOL, FIELD TRIPS, AND MONTHLY EVENTS WE SERVED 197 YOUTH FROM JUNE 2024-MAY 2025.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,989,226

Program Service Revenue $700,884

Investment Income $119,049

Other Revenue $61,449

TOTAL REVENUE $2,870,608

Expense Breakdown

Grants Paid $18,526

Salaries & Benefits $1,565,497

Fundraising Expenses $166,400

Program Expenses $1,835,018

Other Expenses $513,030

TOTAL EXPENSES $2,097,053

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,870,608	$3,485,995	-0.2%
Expenses	$2,097,053	$1,835,597	+0.1%
Net Income	$773,555	$1,650,398	-0.5%

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

143

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

$109,636

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL NICOLE	CEO	40.00	Officer	$90,897	$18,739	$109,636
TYLER HARRELL	CHAIRMAN	0.50	Officer Director	$0	$0	$0
KYLE BRANSCUM	VICE CHAIRMA	0.50	Officer Director	$0	$0	$0
MARK MICHAEL	IMM. PAST CH	0.50	Officer Director	$0	$0	$0
BRAD JOHNSON	SECRETARY	0.50	Officer Director	$0	$0	$0
LENA YARIAN	TREASURER	0.50	Officer Director	$0	$0	$0
SUE BLOTKAMP	DIRECTOR	0.50	Director	$0	$0	$0
SKIP CLAXTON	DIRECTOR	0.50	Director	$0	$0	$0
DOTTIE FUENTES	DIRECTOR	0.50	Director	$0	$0	$0
SHARON SMITH	DIRECTOR	0.50	Director	$0	$0	$0
DAN WEIMER	DIRECTOR	0.50	Director	$0	$0	$0
SARA YARIAN	DIRECTOR	0.50	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	$2,870,608	$2,097,053	$7,781,193	$773,555
2024	$3,485,995	$1,835,597	$7,167,787	$1,650,398
2023	$2,210,180	$1,907,397	$5,363,417	$302,783
2022	$1,984,227	$1,554,256	$5,127,872	$429,971
2021	$1,437,404	$1,317,355	$4,941,132	$120,049
2020	$1,078,705	$1,336,325	$4,755,430	$-257,620
2018	$912,871	$1,197,768	$4,405,589	$-284,897