THE HUB OF MCDOWELL INC

EIN: 452726203 501(c)(3) Education

MARION, NC

Total Revenue
$2,888,263
Total Expenses
$2,533,887
Total Assets
$679,075
Net Assets
$619,799
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
NC
Principal Officer
ROBERT RITTER
Phone
8286527069
Tax Period
2024-08-01 to 2025-07-31

THE HUB OF MCDOWELL INC, founded in 2011, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 12% surplus.

Mission

TO PROVIDE CHRISTIAN EDUCATION FROM ELEMENTARY THROUGH HIGH SCHOOL IN WESTERN NORTH CAROLINA

Program Service Accomplishments

Program 1
Expenses: $1,791,503 Revenue: $2,469,334

TO PROVIDE CHRISTIAN EDUCATION FROM ELEMENTARY THROUGH HIGH SCHOOL IN WESTERN NORTH CAROLINA ALONG WITH ATHLETIC, CHARITABLE, AND OTHER ACTIVITIES.

Program 2
Expenses: $349,407

TO PROVIDE COUNSELING AND EDUCATION TO LOW-INCOME INDIVIDUALS ON THE PATH TO HOME OWNERSHIP IN BURKE, MCDOWELL, AND RUTHERFORD COUNTIES OF NORTH CAROLINA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $374,409
Program Service Revenue $2,456,073
Investment Income $8,556
Other Revenue $49,225
TOTAL REVENUE $2,888,263

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,184,664
Fundraising Expenses $0
Program Expenses $2,140,910
Other Expenses $1,349,223
TOTAL EXPENSES $2,533,887

Year-over-Year Comparison

2024 2023 Change
Revenue $2,888,263 $1,695,055 +0.7%
Expenses $2,533,887 $1,672,146 +0.5%
Net Income $354,376 $22,909 +14.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
56
Volunteers
31

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
$107,129
Total Directors
5
$107,129
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT RITTER PRESIDENT 1.00
Officer Director
$0 $30,566 $107,129
RICHARD LONG VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BRIAN BRADLEY DIRECTOR 1.00
Director
$0 $0 $0
DAN PATNODE DIRECTOR 1.00
Director
$0 $0 $0
JEFF BASSETT 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
2025 $2,888,263 $2,533,887 $679,075 $354,376
2024 $1,699,585 $1,676,676 $332,960 $22,909
2023 $1,454,285 $1,347,593 $327,289 $106,692
2022 $1,232,549 $1,114,336 $232,980 $118,213
2021 $975,160 $1,076,045 $234,949 $-100,885
2020 $772,653 $755,370 $241,467 $17,283
2019 $752,651 $740,566 $102,341 $12,085
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare THE HUB OF MCDOWELL INC with other nonprofits in North Carolina and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.