New Wilmington EDCOM AKA Live New … - Form 990 Financial Data

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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

2015

Legal Domicile

Principal Officer

Sherie Babb

Phone

7242723566

Tax Period

2022-01-01 to 2022-12-31

New Wilmington EDCOM AKA Live New Wilmington, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $227K in total revenue in fiscal year 2022. The organization ran a surplus of $177K, a strong 78% operating margin.

Mission

To promote connection and celebration as we live together in our community and strenthen our commercial district

Program Service Accomplishments

Program 1

Expenses: $30,759 Revenue: $17,921

Providing opportunities for residents to connect with one another through community activities, events, and gatherings. Community dinners, Movies in the park, Bicycle rides, Fishing tournament...

Providing opportunities for residents to connect with one another through community activities, events, and gatherings. Community dinners, Movies in the park, Bicycle rides, Fishing tournament, Street festivals,and Musical events in the Amphitheater.

Program 2

Expenses: $14,910 Revenue: $14,624

Farmers Market located in the downtown area providing fresh locally grown produce and meats for the community.

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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 (2022)

Revenue Breakdown

Contributions & Grants $187,127

Program Service Revenue $32,545

Investment Income $0

Other Revenue $7,800

TOTAL REVENUE $227,472

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,832

Program Expenses $45,669

Other Expenses $50,422

TOTAL EXPENSES $50,422

Year-over-Year Comparison

	2022	2021	Change
Revenue	$227,472	N/A	N/A
Expenses	$50,422	N/A	N/A
Net Income	$177,050	N/A	N/A

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

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

Total Directors

$4,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Capoferri	Director	10.00	Director	$4,600	$0	$4,600
Sherie Babb	President	2.00	Officer Director	$0	$0	$0
Brian Derrick	Vice President	1.00	Officer Director	$0	$0	$0
John Geidner	Treasurer	1.00	Officer Director	$0	$0	$0
Beth Mickle	Secretary	1.00	Officer Director	$0	$0	$0
Kathy B Richardson	Director	1.00	Director	$0	$0	$0
Tiffany Smith Preston	Director	1.00	Director	$0	$0	$0
Katanya Cathcart	Director	1.00	Director	$0	$0	$0
Aaron Tervo	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
2022	$227,472	$50,422	$208,801	$177,050

New Wilmington EDCOM AKA Live New Wilmington