SMITHVILLE COMMUNITY INC

EIN: 461055584 501(c)(3) Community Improvement

CORNELIUS, NC

Total Revenue
$1,643,680
Total Expenses
$582,773
Total Assets
$1,616,971
Net Assets
$1,453,910
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
NC
Principal Officer
NATALIE ALISA MAYHEW-JONES
Phone
7043862020
Tax Period
2023-01-01 to 2023-12-31

SMITHVILLE COMMUNITY INC, founded in 1968, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 367% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 65% operating margin.

Mission

THE SMITHVILLE COMMUNITY COALITION REMAINS DEDICATED TO SUSTAINING A STRONG, VIBRANT, AND CONNECTED NEIGHBORHOOD THROUGH IMPACTFUL INITIATIVES THAT ADDRESS IMMEDIATE NEEDS AND LAY THE GROUNDWORK FOR A BRIGHTER FUTURE. WITH THE SUPPORT OF GENEROUS GRANTS, COMMUNITY PARTNERSHIPS, AND ADVOCACY, WE HAVE MADE SIGNIFICANT STRIDES IN IMPROVING QUALITY OF LIFE AND ADVANCING OUR LONG-TERM REVITALIZATION PLAN. EACH OF THESE INITIATIVES REFLECTS THE SMITHVILLE COMMUNITY COALITION'S DEEP COMMITMENT TO REVITALIZING OUR COMMUNITY AND FOSTERING A THRIVING, SUPPORTIVE ENVIRONMENT FOR ALL RESIDENTS. TOGETHER, WE ARE BUILDING A RESILIENT AND PROMISING FUTURE FOR SMITHVILLE.

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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 $1,635,480
Program Service Revenue $8,200
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,643,680

Expense Breakdown

Grants Paid $900
Salaries & Benefits $298,399
Fundraising Expenses $86,710
Program Expenses $366,349
Other Expenses $283,474
TOTAL EXPENSES $582,773

Year-over-Year Comparison

2023 2022 Change
Revenue $1,643,680 $352,148 +3.7%
Expenses $582,773 $189,376 +2.1%
Net Income $1,060,907 $162,772 +5.5%
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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Governance

Voting Members
15
Independent Members
11
Employees
4
Volunteers
24

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
4
$188,567
Total Directors
15
$103,934
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIE JONES EXEC DIR, 40.00
Officer
$96,149 $0 $96,149
NATALIE ALISA MAYHEW-JONES PROJ MGR, CO 40.00
Officer Director
$92,418 $0 $92,418
JUSTIN MILLER BOARD MEMBER 5.00
Director
$7,696 $0 $7,696
MIRIAM WILLIAMS CONSULTANT 2.00
Director
$0 $3,820 $3,820
JESSICA BOYE BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD DANDURAND BOARD MEMBER 1.00
Director
$0 $0 $0
ANITA HARVELL BOARD MEMBER 1.00
Director
$0 $0 $0
IVY HARVELL BOARD MEMBER 1.00
Director
$0 $0 $0
SAMMIE KNOX BD MEMBER, C 1.00
Officer Director
$0 $0 $0
THOMAS MARSH BOARD MEMBER 1.00
Director
$0 $0 $0
RAYFORD MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
CHARMAINE NEPHEW BOARD MEMBER 1.00
Director
$0 $0 $0
RONALD POTTS BD MEMBER, T 10.00
Officer Director
$0 $0 $0
JOHN QUINN BOARD MEMBER 10.00
Director
$0 $0 $0
RAQUEL RAMSUER BOARD MEMBER 4.00
Director
$0 $0 $0
ELAINE WITHERS BOARD MEMBER 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
2024 No data No data No data No data
2023 $1,643,680 $582,773 $1,616,971 $1,060,907
2023 $1,747,550 $586,421 $1,453,861 $1,161,129
2022 $352,148 $189,376 $223,664 $162,772
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