EMERALD ISLE MERCHANT'S ASSOCIATION (EIN 561515251) - Form 990 Financial Analysis & Trantor Score

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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

1989

Legal Domicile

Principal Officer

NYRA HOGELAND

Phone

9104772812

Tax Period

2023-01-01 to 2023-12-31

EMERALD ISLE MERCHANT'S ASSOCIATION, founded in 1989, is a micro nonprofit in the Community Improvement sector that reported $71K in total revenue in fiscal year 2023. Revenue surged 376% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16K, a strong 23% operating margin.

Mission

TO PROMOTE AND ADVERTISE EMERALD ISLE AS A FAMILY-ORIENTED RESORT AREA; TO EFFECT A CLOSE RELATIONSHIP WITH THOSE BUSINESSES THAT ARE MEMBERS AND TO INFORM AND INSTRUCT MEMBERS; TO MAINTAIN A CLOSE WORKING RELATIONSHIP WITH THE TOWN OF EMERALD ISLE, CRYSTAL COAST TOURISM AUTHORITY, THE CARTERET ECONOMIC DEVELOPMENT COUNCIL, AND THE CARTERET COUNTY CHAMBER OF COMMERCE; TO SUPPORT LOCAL EVENTS AND PROJECTS WHICH ENHANCES THE QUALITY OF LIFE FOR RESIDENTS AND VISITORS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $20,000

Program Service Revenue $52,879

Investment Income $0

Other Revenue $-2,224

TOTAL REVENUE $70,655

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $54,691

Other Expenses $54,691

TOTAL EXPENSES $54,691

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,655	$14,856	+3.8%
Expenses	$54,691	$6,701	+7.2%
Net Income	$15,964	$8,155	+1.0%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON BLOMQUIST	VICE PRESIDE	N/A	Officer	$0	$0	$0
WHITNEY CHIGAS	SECRETARY	N/A	Officer	$0	$0	$0
NYRA HOGELAND	TREASURER	N/A	Officer	$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
2023	$70,655	$54,691	$31,859	$15,964
2022	$14,856	$6,701	$15,895	$8,155
2021	No data	$10,484	$27,740	No data

EMERALD ISLE MERCHANT'S ASSOCIATION