VETERANS MEMORIAL PARK INC

EIN: 560489405

Mount Airy, NC

Total Revenue
$221,923
Total Expenses
$143,438
Total Assets
$580,225
Net Assets
$580,225
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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
1946
Legal Domicile
NC
Principal Officer
BRUCE ARNOLD
Phone
3366480900
Tax Period
2023-11-01 to 2024-10-31

VETERANS MEMORIAL PARK INC, founded in 1946, is a small nonprofit that reported $222K in total revenue in fiscal year 2023. The organization ran a surplus of $78K, a strong 35% operating margin.

Mission

PROVIDE A MEETING PLACE AND RECREATION FACILITIES FOR THE MEMBERS OF THE AMERICAN LEGION POST 123 OF MOUT AIRY AND THE VETERANS OF FOREIGN WARS POST 2019 AND TO PROVIDE A MEMORIAL

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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 $16,615
Program Service Revenue $156,912
Investment Income $0
Other Revenue $48,396
TOTAL REVENUE $221,923

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $49,237
Other Expenses $143,438
TOTAL EXPENSES $143,438

Year-over-Year Comparison

2023 2022 Change
Revenue $221,923 $209,048 +0.1%
Expenses $143,438 $174,039 -0.2%
Net Income $78,485 $35,009 +1.2%
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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

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
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUG JOYNER PRESIDENT 3.00
Officer Director
$0 $0 $0
MIKE GORDON VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
DALE BADGETT SECRETARY 3.00
Officer Director
$0 $0 $0
BRUCE ARNOLD TREASURER 3.00
Officer Director
$0 $0 $0
BOBBY HIATT BOARD MEMBER 3.00
Director
$0 $0 $0
JERRY ESTES BOARD MEMBER 3.00
Director
$0 $0 $0
THOMAS JOYCE BOARD MEMBER 3.00
Director
$0 $0 $0
BOB KING BOARD MEMBER 3.00
Director
$0 $0 $0
RONALD HULL BOARD MEMBER 3.00
Director
$0 $0 $0
DON HOLDER BOARD MEMBER 3.00
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 $221,923 $143,438 $580,225 $78,485
2023 $209,048 $174,039 $501,737 $35,009
2022 $210,345 $144,096 $466,728 $66,249
2021 $220,970 $121,237 $400,479 $99,733
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