Camp Lurecrest Ministries Inc

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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

1992

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Camp Lurecrest Ministries Inc, founded in 1992, is a community nonprofit in the Recreation & Sports sector that reported $2.4M in total revenue in fiscal year 2023.

Mission

The mission of Camp LurecrestMinistries is To love God, love others,and make disciples of Jesus Christthrough camping ministries.

Program Service Accomplishments

Program 1

Expenses: $1,855,151 Revenue: $1,362,393

Since 1948,Camp Lurecrest has provided non-denominationalChristian-emphasis overnight summer camp programs for children grades 3-12.Up to 10 weeks of summer camp are heldon a 60 acre campus in Lake Lure, North Carolina. More than 200 children attend campweekly supported by 70 paidand volunteer staff.Lurecrest reaches out to youth in need by offering two free summercamp sessions - Camp CARE and New Venture Camp.

Program 2

Expenses: $113,967 Revenue: $83,695

Camp Lurecrest hosts retreats and rental camps for churches, youth, collegeand adult groups to support Christian emphasis programs. The relationshipsformed with leaders and guests of these retreats also raise awareness of the summer camp and overall mission of Camp Lurecrest Ministries.

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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 $496,552

Program Service Revenue $1,446,088

Investment Income $7,866

Other Revenue $448,169

TOTAL REVENUE $2,398,675

Expense Breakdown

Grants Paid $0

Salaries & Benefits $590,895

Fundraising Expenses $72,805

Program Expenses $1,969,118

Other Expenses $1,780,321

TOTAL EXPENSES $2,371,216

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,398,675	$2,236,523	+0.1%
Expenses	$2,371,216	$2,371,216	N/A
Net Income	$27,459	$-134,693	-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

Governance

Voting Members

Independent Members

Employees

120

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

$89,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daniel Bragdon	Executive Director	50.00	Director Highest	$89,000	$0	$89,000
Ashley Gordon	Trustee	2.00	Director	$0	$0	$0
Roland Eldridge	Trustee	2.00	Director	$0	$0	$0
Chris McSwain	Trustee	2.00	Director	$0	$0	$0
Carla Love	Trustee	2.00	Director	$0	$0	$0
James Arnette	Trustee	2.00	Director	$0	$0	$0
Richard McCulloch	Chairman	2.00	Director	$0	$0	$0
Joel Griffin	Trustee	2.00	Director	$0	$0	$0
Cindy Anderson	Trustee	2.00	Director	$0	$0	$0
Steve Thompson	Treasurer	2.00	Officer Director	$0	$0	$0
Jeff Titherington	Secretary	2.00	Officer Director	$0	$0	$0
Jerry Martin	Emeritus Member	2.00		$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	$2,398,675	$2,371,216	$4,027,467	$27,459
2021	$1,562,008	$1,210,718	$3,831,756	$351,290
2020	$901,364	$990,818	$3,481,870	$-89,454
2019	$1,587,507	$1,477,603	$3,570,097	$109,904
2018	$1,367,844	$1,198,487	$3,445,089	$169,357