Tryon, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Polk County Community Foundation Inc, founded in 1975, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.4M in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $712K, a strong 16% operating margin.
To administer funds entrusted to support charitable, cultural, educational and publicly beneficial activities in the community centered in and around Polk County, N.C. both by directly expending sums for such purposes and in cooperation with institutions qualified to carry out these objectives most efficiently. The foundation works with donors (both individuals and charitable organizations) to establish funds to benefit one or more named charities, to accomplish a certain objective (provide for cultural events, encourage the development of agriculture, provide free activities for youth, improve classroom teaching, etc.), to award scholarships to local students, and to allow the board of the Polk County Community Foundation to address the needs of the community as they change from time to time (unrestricted funds).
The Community Foundation is dedicated to improving the quality of life in Polk County, NC, and the surrounding areas. It fulfills this mission by: Awarding grants from unrestricted funds to support...
The Community Foundation is dedicated to improving the quality of life in Polk County, NC, and the surrounding areas. It fulfills this mission by: Awarding grants from unrestricted funds to support meaningful local nonprofit projects Providing vocational and college scholarships to local students Distributing income from endowment funds according to donor or nonprofit guidelines Administering planned giving programs Offering resources and meeting spaces for nonprofits Helping donors and nonprofits achieve their charitable goals The Foundation currently administers over 225 charitable funds. In response to Hurricane Helene, the Board of Directors authorized the use of the Emergency Relief Fund to address urgent community needs. Additionally, three new grantmaking funds were established: The Repair and Rebuilding Fund The Green River Restoration Fund The Pacolet Valley Restoration Fund These funds enabled the launch of a streamlined grant application process, allowing for the quick and effective distribution of critical resources. They support organizations focused on recovery, reconstruction, and restoration efforts, as well as those impacted by the storm, helping them reopen and continue serving the community.
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 | $4,359,340 | $2,549,691 | +0.7% |
| Expenses | $3,647,577 | $3,091,951 | +0.2% |
| Net Income | $711,763 | $-542,260 | -2.3% |
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 |
|---|---|---|---|---|---|---|
| A Thomas Jackson | Treasurer | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Monica E Jones | Secretary | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Peter R Franklin | Vice Chair | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Sherry M Carter | Chair | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Carolyn Gibson | N/A | 1.0 |
Director
|
$0 | $0 | $0 |
| Dale L McEntire | N/A | 1.0 |
Director
|
$0 | $0 | $0 |
| Frances H Parker | N/A | 1.0 |
Director
|
$0 | $0 | $0 |
| Kevin D Burnett | N/A | 1.0 |
Director
|
$0 | $0 | $0 |
| Norma W Batchelder | N/A | 1.0 |
Director
|
$0 | $0 | $0 |
| Susan S McHugh | N/A | 1.0 |
Director
|
$0 | $0 | $0 |
| Sara Barron Bell | President & CEO | 40.0 |
Officer
|
$201,250 | $40,250 | $241,500 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $4,359,340 | $3,647,577 | $65,749,988 | $711,763 |
| 2023 | No data | No data | No data | No data |
| 2022 | $3,247,757 | $2,512,033 | $56,500,870 | $735,724 |
| 2021 | $2,369,323 | $2,308,096 | $66,618,195 | $61,227 |
| 2020 | $3,595,104 | $3,041,183 | $61,835,986 | $553,921 |
| 2019 | $2,374,913 | $2,231,036 | $55,699,137 | $143,877 |
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