Community Relief Organization of Mt Holly NC (EIN 561790303) - 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

1952

Principal Officer

Dave Vanek

Phone

7048270450

Tax Period

2024-07-01 to 2025-06-30

Community Relief Organization of Mt Holly NC, founded in 1952, is a small nonprofit that reported $651K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $613K left a modest 6% surplus.

Mission

Mt Holly CRO is a United Way agency. It provides food and limited household goods for men, women and children in the community. It also offers financial assistance for electric, rent, and water.

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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 $606,773

Program Service Revenue $0

Investment Income $2,760

Other Revenue $41,425

TOTAL REVENUE $650,958

Expense Breakdown

Grants Paid $547,603

Salaries & Benefits $16,815

Fundraising Expenses $6,571

Program Expenses $588,891

Other Expenses $48,444

TOTAL EXPENSES $612,862

Year-over-Year Comparison

	2024	2023	Change
Revenue	$650,958	$592,242	+0.1%
Expenses	$612,862	$599,745	+0.0%
Net Income	$38,096	$-7,503	-6.1%

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

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

$3,498

Total Directors

$11,683

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cathy Flowers	Ex-officio	8.50	Director	$4,405	$0	$4,405
Bob Duckworth	Manager	7.30	Director	$3,780	$0	$3,780
Steve Painter	Treasurer	6.70	Officer Director	$3,498	$0	$3,498
Paul Abernathy	Director	0.00	Director	$0	$0	$0
Kara Stewart	Director	0.00	Director	$0	$0	$0
Tom Chidester	Director	0.00	Director	$0	$0	$0
Joe Swope	Director	0.00	Director	$0	$0	$0
Jeff VonCannon	Director	0.00	Director	$0	$0	$0
Joe Dutilly	Director	0.00	Director	$0	$0	$0
Dave Vanek	President	0.00	Officer Director	$0	$0	$0
Doug Bradley	Vice President	0.00	Officer Director	$0	$0	$0
Vin Lindgren	Secretary	0.00	Officer Director	$0	$0	$0
Dolores Goode	Director	0.00	Director	$0	$0	$0
Wanda Holloway	Director	0.00	Director	$0	$0	$0
Mike King	Director	0.00	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	$650,958	$612,862	$428,854	$38,096
2024	$592,242	$599,745	$390,758	$-7,503
2023	$502,968	$563,627	$398,261	$-60,659
2022	$566,072	$588,587	$458,920	$-22,515
2021	$615,044	$541,817	$481,435	$73,227
2020	$200,123	$114,528	$409,275	$85,595
2019	$519,964	$501,830	$325,251	$18,134
2018	$464,681	$460,655	$321,906	$4,026

Community Relief Organization of Mt Holly NC