MAY COALITION 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

1991

Legal Domicile

Principal Officer

ERON THIELE

Phone

8287658880

Tax Period

2023-01-01 to 2023-12-31

MAY COALITION INC, founded in 1991, is a small nonprofit in the Employment sector that reported $213K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 24% operating margin.

Mission

TO CREATE HIGH QUALITY EMPLOYEMENT OPPORTUNITIES FOR UNEMPLOYED AND UNDEREMPLOYED RESIDENTS OF MITCHELL, AVERY, AND YANCEY COUNTIES IN NORTH CAROLINA

Program Service Accomplishments

Program 1

Expenses: $150,298 Revenue: $167,862

GRANT LOW INTEREST LOANS TO VARIOUS BUSINESSES WHICH PROVIDE PERMANENT NON SEASONAL JOBS

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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 $30,000

Program Service Revenue $167,862

Investment Income $14,704

Other Revenue $0

TOTAL REVENUE $212,566

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,436

Fundraising Expenses $0

Program Expenses $150,298

Other Expenses $69,550

TOTAL EXPENSES $161,986

Year-over-Year Comparison

	2023	2022	Change
Revenue	$212,566	$153,387	+0.4%
Expenses	$161,986	$145,378	+0.1%
Net Income	$50,580	$8,009	+5.3%

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

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

$86,063

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY MORRISON	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID GRINDSTAFF	DIRECTOR	1.00	Director	$0	$0	$0
DR JOHN BOYD	TREASURER	8.00	Officer Director	$0	$0	$0
KATHY YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
STEVE WOODY	DIRECTOR	1.00	Director	$0	$0	$0
JOE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS ALDRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
ERON THIELE	EXECUTIVE DIRECTOR	40.00	Officer	$83,307	$2,756	$86,063

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	$212,566	$161,986	$3,169,190	$50,580
2022	$153,387	$145,378	$3,164,935	$8,009
2021	$130,651	$141,734	$3,249,034	$-11,083
2020	$150,870	$170,393	$3,356,975	$-19,523
2019	$161,003	$125,321	$3,382,488	$35,682
2018	$161,032	$149,073	$3,409,459	$11,959