VALDESE, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FRIENDS OF THE VALDESE REC INC, founded in 2016, is a micro nonprofit in the Recreation & Sports sector that reported $86K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $315K exceeded revenue, resulting in a 267% operating deficit.
THE CHARITABLE ORGANIZATION, AN ALL VOLUNTEER, 501C3 NON-PROFIT CORPORATION, WILL SUPPORT THE VALDESE PARKS AND RECREATION DEPARTMENT WITH VOLUNTEER HOURS AND FUNDRAISING FOR THE BETTERMENT OF THE DEPARTMENT, WHILE AT THE SAME TIME BENEFITING THE TOWN, THE CITIZENS AND THE ENVIRONMENT.
OUR MAJOR FOCUS HAS BEEN FUNDRAISING FOR VALDESE LAKESIDE PARK FOR THE CONSTRUCTION OF AMENITITES AND A BRIDGE ACROSS MCGALLIARD FALLS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $85,918 | $267,003 | -0.7% |
| Expenses | $315,197 | $127,311 | +1.5% |
| Net Income | $-229,279 | $139,692 | -2.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BETH HEILE | PRESIDENT | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| SPENCE BORDEN | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DON BRITTAIN | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| QUEZ LITTLE | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| GAVIN SMITH | MEMBERS AT LARGE | 1.00 |
Officer
|
$0 | $0 | $0 |
| VAL SCOTT | MEMBERS AT LARGE | 1.00 |
Officer
|
$0 | $0 | $0 |
| KEVIN FARRIS | MEMBERS AT LARGE | 1.00 |
Officer
|
$0 | $0 | $0 |
| ZAKK HEILE | MEDIA SPECIALIST | 1.00 |
Officer
|
$0 | $0 | $0 |
| ROY ASHKENAZ | MEMBERS AT LARGE | 1.00 |
Officer
|
$0 | $0 | $0 |
| ROY SWEEZY | MEMBERS AT LARGE | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $85,918 | $315,197 | $134,291 | $-229,279 |
| 2024 | $267,003 | $127,311 | $363,570 | $139,692 |
| 2023 | $426,860 | $307,380 | $249,823 | $119,480 |
Compare FRIENDS OF THE VALDESE REC INC with other nonprofits in North Carolina and across the country.