MAXWELL M CORPENING JR MEMORIAL CE… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

STEVE MCMAHAN

Phone

8286599622

Tax Period

2023-01-01 to 2023-12-31

MAXWELL M CORPENING JR MEMORIAL CENTER INC, founded in 1990, is a small nonprofit in the Recreation & Sports sector that reported $602K in total revenue in fiscal year 2023. The organization ran a surplus of $213K, a strong 35% operating margin.

Mission

TO PROVIDE A RECREATION FACILITY FOR MCDOWELL COUNTY.

Program Service Accomplishments

Program 1

Expenses: $332,644

THE ORGANIZATION HAS CONTRACTED WITH THE YMCA OF WESTERN NORTH CAROLINA TO PROVIDE FOR THE DAILY OPERATION OF YMCA PROGRAMS, WITH BOTH FINANCIAL SUPPORT AND FACILITY PROVIDED TO THE YMCA BY THE...

THE ORGANIZATION HAS CONTRACTED WITH THE YMCA OF WESTERN NORTH CAROLINA TO PROVIDE FOR THE DAILY OPERATION OF YMCA PROGRAMS, WITH BOTH FINANCIAL SUPPORT AND FACILITY PROVIDED TO THE YMCA BY THE ORGANIZATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $444,139

Program Service Revenue $0

Investment Income $111,194

Other Revenue $46,814

TOTAL REVENUE $602,147

Expense Breakdown

Grants Paid $104,685

Salaries & Benefits $2,698

Fundraising Expenses $0

Program Expenses $332,644

Other Expenses $281,909

TOTAL EXPENSES $389,292

Year-over-Year Comparison

	2023	2022	Change
Revenue	$602,147	$600,207	+0.0%
Expenses	$389,292	$390,265	0.0%
Net Income	$212,855	$209,942	+0.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$324,992

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EUGENE HOLLAND	DIRECTOR	0.30	Director	$0	$0	$0
DAVID WOOTEN	SECRETARY/TREASURER	0.30	Officer Director	$0	$0	$0
CHUCK ABERNATHY	ASS'T SECRETARY/TREASURER	0.30	Officer Director	$0	$0	$0
PAUL VEST	DIRECTOR	0.30	Director	$0	$39,726	$324,992
GRAYSON ENGLAND	DIRECTOR	0.30	Director	$0	$0	$0
WEYLAND PREBOR	DIRECTOR	0.30	Director	$0	$0	$0
STEVE MCMAHAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
FRANK DEAN	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
RAY MCKESSON	DIRECTOR	0.30	Director	$0	$0	$0
CAROL WOLFENBARGER	DIRECTOR	0.30	Director	$0	$0	$0
DARREN WAUGH	DIRECTOR	0.30	Director	$0	$0	$0
HILL EVANS	DIRECTOR	0.30	Director	$0	$0	$0
RICKY BUCHANAN	DIRECTOR	0.30	Director	$0	$0	$0
STEVE GAITO	DIRECTOR	0.30	Director	$0	$0	$0
ROB WARREN	DIRECTOR	0.30	Director	$0	$0	$0
RHONDA SILVER	DIRECTOR	0.30	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	No data	No data	No data	No data
2023	$602,147	$389,292	$6,644,688	$212,855
2022	$600,207	$390,265	$6,605,675	$209,942
2021	$557,660	$479,186	$6,823,623	$78,474
2020	$537,407	$508,518	$7,047,696	$28,889
2019	$535,439	$440,557	$7,318,138	$94,882
2018	$494,314	$495,627	$7,475,644	$-1,313

MAXWELL M CORPENING JR MEMORIAL CENTER INC