EMERALD QUARRY

EIN: 471270222 501(c)(3)

RALEIGH, NC

Total Revenue
$803,877
Total Expenses
$1,182,033
Total Assets
$8,493,012
Net Assets
$-1,280,676
🔒

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
2014
Legal Domicile
NC
Principal Officer
SCOT MCCRAY
Phone
9192502939
Tax Period
2020-04-01 to 2021-03-31

EMERALD QUARRY, founded in 2014, is a small nonprofit that reported $804K in total revenue in fiscal year 2020. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.2M exceeded revenue, resulting in a 47% operating deficit.

Mission

EMERALD QUARRY RECEIVED LOAN FUNDS AND CONSTRUCTED A 35,000 SQ FT MEDICAL AND DENTAL OFFICE BUILDING TO EXPAND SERVICES FOR CURRENT PATIENTS OF ADVANCE COMMUNITY HEALTH.

🔒

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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $803,877
Investment Income $0
Other Revenue $0
TOTAL REVENUE $803,877

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $886,525
Other Expenses $1,182,033
TOTAL EXPENSES $1,182,033

Year-over-Year Comparison

2020 2019 Change
Revenue $803,877 $738,490 +0.1%
Expenses $1,182,033 $1,235,367 0.0%
Net Income $-378,156 $-496,877 -0.2%
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
3
Independent Members
N/A
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
3
$370,992
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PENELLA WASHINGTON CEO - END APR 2021 0.25
Officer
$0 $5,908 $209,084
STEVEN SHELTON CFO 0.25
Officer
$0 $5,908 $161,908
JAMES W TEAGLE TRUSTEE 0.25
Director
$0 $0 $0
SCOT MCCRAY CEO - BEGIN APRIL 2021 0.25
Officer
$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 $803,877 $1,182,033 $8,493,012 $-378,156
2021 $2,947,353 $944,012 No data $2,003,341
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare EMERALD QUARRY 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.