Boys and Girls Club of Cabarrus Co… - 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

1946

Legal Domicile

Principal Officer

Amanda Williamson

Phone

7047212582

Tax Period

2024-07-01 to 2025-06-30

Boys and Girls Club of Cabarrus County Inc, founded in 1946, is a community nonprofit in the Youth Development sector that reported $4.0M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $4.7M exceeded revenue, resulting in a 18% operating deficit.

Mission

To enable all young people, especially those who need us most, to reach their full potential as productive, caring, responsible citizens.

Program Service Accomplishments

Program 1

Expenses: $2,278,145 Revenue: $209,050

Afterschool Program : Through the after school program, the club offers several specialized programs so that youth can continue to learn after they leave school.

Program 2

Expenses: $1,266,060 Revenue: $295,339

The summer program provides care for children during the summer break from school and is designed to develop character, leadership, education, art and life skills.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,197,834

Program Service Revenue $506,343

Investment Income $206,274

Other Revenue $53,949

TOTAL REVENUE $3,964,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,250,866

Fundraising Expenses $282,547

Program Expenses $3,544,205

Other Expenses $2,416,536

TOTAL EXPENSES $4,667,402

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,964,400	$4,626,709	-0.1%
Expenses	$4,667,402	$4,818,488	0.0%
Net Income	$-703,002	$-191,779	+2.7%

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

169

Volunteers

239

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

$183,979

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Valerie Melton	Executive Dir.	40.00	Officer	$78,425	$20,374	$98,799
Amy Hurlocker	Finance Dir.	40.00	Officer	$66,779	$18,401	$85,180
Robert P Williams III	Director	0.40	Director	$0	$0	$0
Greg Prudhomme	Past President	0.40	Officer Director	$0	$0	$0
Amanda Williamson	Treasurer	0.40	Officer Director	$0	$0	$0
Craig Jones	Director	0.40	Director	$0	$0	$0
Chuck Stoddard	Director	0.40	Director	$0	$0	$0
Steve Schattner	Director	0.40	Director	$0	$0	$0
Marc Niblock	Campaign Chair	0.40	Director	$0	$0	$0
Allen Craven	Director	0.40	Director	$0	$0	$0
Adam Aeurbach	Director	0.40	Director	$0	$0	$0
Lex Fennell	Director	0.40	Director	$0	$0	$0
Jennifer Dabbs	Director	0.40	Director	$0	$0	$0
Timbs Fulghum	Director	0.40	Director	$0	$0	$0
Chip Moore	Director	0.40	Director	$0	$0	$0
Jason Harris	Vice President	0.40	Officer Director	$0	$0	$0
Toney Black	Director	0.40	Director	$0	$0	$0
Ryan Hawkins	Director	0.40	Director	$0	$0	$0
Chantel Thompson	President	0.40	Officer Director	$0	$0	$0
Dakota Shoe	Director	0.40	Director	$0	$0	$0
Emily DiNunzio	Director	0.40	Director	$0	$0	$0
Ben Yow	Director	0.40	Director	$0	$0	$0
Aalece Pugh	Director	0.40	Director	$0	$0	$0
Margaret Hillman	Safety Chair	0.40	Director	$0	$0	$0
Bishop Bertram Hinton	Director	0.40	Director	$0	$0	$0
April Savage	Secretary	0.40	Officer Director	$0	$0	$0
Palmer Steel	Director	0.40	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
2025	$3,964,400	$4,667,402	$24,326,208	$-703,002
2024	$4,626,709	$4,818,488	$24,762,471	$-191,779
2023	$4,536,790	$4,566,407	$24,618,932	$-29,617
2022	$3,706,710	$4,212,669	$24,838,113	$-505,959
2021	$3,909,619	$3,620,969	$25,950,848	$288,650
2020	$4,602,242	$3,113,127	$26,324,195	$1,489,115
2019	$4,860,508	$2,958,474	$13,553,171	$1,902,034
2018	$4,269,356	$2,436,090	$11,537,893	$1,833,266

Boys and Girls Club of Cabarrus County Inc