WEST IREDELL RURITAN CLUB INC (EIN 561674271) - 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

FRANK GUY

Phone

7048726851

Tax Period

2024-01-01 to 2024-12-31

WEST IREDELL RURITAN CLUB INC, founded in 1989, is a micro nonprofit that reported $41K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Net assets of $106K represent 31 months of operating reserves.

Mission

COMMUNITY IMPROVEMENT PROJECTS AND ASSISTING NUMEROUS NEEDY INDIVIDUALS INCLUDING SIX SCHOLARSHIPS GIVEN ANNUALLY

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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 $36,744

Program Service Revenue $0

Investment Income $4,121

Other Revenue $0

TOTAL REVENUE $40,865

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $27,708

Other Expenses $38,866

TOTAL EXPENSES $41,745

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,865	$32,186	+0.3%
Expenses	$41,745	$41,823	0.0%
Net Income	$-880	$-9,637	-0.9%

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

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
DENNIS E STEWART	DIRECTOR- ONE YEAR TERM	2.00	Director	$0	$0	$0
TONY HARPER	CLUB REPORTER	2.00	Director	$0	$0	$0
TIM LOWE	DIRECTOR TWO YEAR TERM	2.00	Director	$0	$0	$0
PRESTON REDMOND	DIRECTOR- THREE YEAR TERM	2.00	Director	$0	$0	$0
FRANK GUY	TREASURER	10.00	Officer Director	$0	$0	$0
TONY GREGORY	SECRETARY	10.00	Officer Director	$0	$0	$0
JOHN HOOVER	PRESIDENT	4.00	Officer Director	$0	$0	$0
RALPH E LAWS	VICE PRESIDENT	8.00	Officer 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	No data	No data	No data	No data
2024	$40,865	$41,745	$106,172	$-880
2023	$32,186	$41,823	$111,032	$-9,637
2022	$54,113	$39,515	$120,037	$14,598
2021	$31,169	$31,094	$104,659	$75

WEST IREDELL RURITAN CLUB INC