BOYS AND GIRLS CLUBS OF CENTRAL CA… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

MARY MURPHY CPA

Phone

9198250103

Tax Period

2024-01-01 to 2024-12-31

BOYS AND GIRLS CLUBS OF CENTRAL CAROLINA, founded in 1995, is a community nonprofit in the Youth Development sector that reported $4.8M in total revenue in fiscal year 2024. Revenue surged 152% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 52% operating margin.

Mission

TO ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING, RESPONSIBLE CITIZENS.

Program Service Accomplishments

Program 1

Expenses: $1,960,154 Revenue: $92,040

THE BOYS & GIRLS CLUBS OF CENTRAL CAROLINA SERVES YOUTH AGES 6 TO 18 AND THEIR FAMILIES ACROSS LEE, CHATHAM, AND HARNETT COUNTIES. THROUGH A DIVERSE RANGE OF PROGRAMSFROM HOMEWORK ASSISTANCE AND...

THE BOYS & GIRLS CLUBS OF CENTRAL CAROLINA SERVES YOUTH AGES 6 TO 18 AND THEIR FAMILIES ACROSS LEE, CHATHAM, AND HARNETT COUNTIES. THROUGH A DIVERSE RANGE OF PROGRAMSFROM HOMEWORK ASSISTANCE AND ATHLETICS TO DRUG PREVENTION AND WORKFORCE DEVELOPMENTTHE CLUBS PROVIDE SAFE, ENGAGING, AND EDUCATIONAL OPPORTUNITIES THAT HELP YOUNG PEOPLE LEARN, GROW, AND SUCCEED.DURING THE SCHOOL YEAR, MEMBERS PARTICIPATE IN PROGRAMS SUCH AS POWER HOUR (HOMEWORK ASSISTANCE), THE EVIDENCE-BASED TRIPLE PLAY PROGRAM(CONTINUED ON SCHEDULE O) (PROMOTING MIND, BODY, AND SOUL WELLNESS), SMART MOVES (SKILLS, MASTERY, AND RESISTANCE TRAINING), AND PROJECT LEARN (CAREER DEVELOPMENT AND LEARNING LOSS PREVENTION). SUMMER PROGRAMS FOCUS ON MITIGATING LEARNING LOSS THROUGH EDUCATIONAL ENRICHMENT, RECREATIONAL ACTIVITIES LIKE SWIMMING, AND FUN, HANDS-ON FIELD TRIPS.THE ORGANIZATION OPERATES FOUR CLUB SITES: THE O.T. SLOAN PARK CLUB IN SANFORD, THE SILER CITY CLUB IN SILER CITY, THE ROBIN PAIGE CLUB IN LILLINGTON, AND THE PITTSBORO CLUB IN PITTSBORO, NC. COLLECTIVELY, THE CLUBS SERVE MORE THAN 500 YOUTH DAILY AND MAINTAIN A MEMBERSHIP OF APPROXIMATELY 1,000 REGISTERED MEMBERS.

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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 $4,665,288

Program Service Revenue $92,040

Investment Income $25,009

Other Revenue $-7,053

TOTAL REVENUE $4,775,284

Expense Breakdown

Grants Paid $220,000

Salaries & Benefits $1,100,905

Fundraising Expenses $139,086

Program Expenses $1,960,154

Other Expenses $953,468

TOTAL EXPENSES $2,274,373

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,775,284	$1,897,197	+1.5%
Expenses	$2,274,373	$1,839,586	+0.2%
Net Income	$2,500,911	$57,611	+42.4%

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

103

Volunteers

155

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

$80,886

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE SHIPP	PRESIDENT	4.00	Officer Director	$0	$0	$0
ED STRICKLAND	VICE PRESIDENT (UNTIL 5/16/24)	4.00	Officer Director	$0	$0	$0
FAYE CRESS	VICE PRESIDENT (5/16/24 TO 8/25/24)	4.00	Officer Director	$0	$0	$0
GEORGE WOMBLE	VICE PRESIDENT (AS OF 9/19/24)	4.00	Officer Director	$0	$0	$0
JOE LANGLEY	PAST PRESIDENT (UNTIL 8/26/24)	4.00	Officer Director	$0	$0	$0
MARK CROUTER	TREAS.(UNTIL 8/21/24)	4.00	Officer Director	$0	$0	$0
ADAM MILTON	TREASURER (AS OF 9/19/24)	4.00	Officer Director	$0	$0	$0
SAM GASKINS	SECRETARY (UNTIL 8/21/24)	4.00	Officer Director	$0	$0	$0
JEREMY PEDLEY	SECRETARY (AS OF 9/19/24)	4.00	Officer Director	$0	$0	$0
DR MARK AKINOSHO	DIRECTOR (UNTIL 6/2024)	2.00	Director	$0	$0	$0
ROBERT BRIDWELL	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS FENSTERLE	DIRECTOR (UNTIL 8/2024)	2.00	Director	$0	$0	$0
BOB FINCH	DIRECTOR	2.00	Director	$0	$0	$0
LAURA HERMAN	DIRECTOR (UNTIL 6/2024)	2.00	Director	$0	$0	$0
DR TAMMY LLOYD	DIRECTOR (UNTIL 5/16/24)	2.00	Director	$0	$0	$0
DR JIM SINK	DIRECTOR (UNTIL 6/2024)	2.00	Director	$0	$0	$0
BRYAN THOMPSON	DIRECTOR (AS OF 1/18/24)	2.00	Director	$0	$0	$0
JOSEPH WOLF	DIRECTOR (AS OF 6/20/24)	2.00	Director	$0	$0	$0
SARAH WOMACK	CEO (UNTIL 5/16/24)	40.00	Officer	$37,061	$225	$37,286
CHET EMERSON	INTERIM CEO (7/24-10/24)	40.00	Officer	$43,600	$0	$43,600
FALLON BREWINGTON	CEO (AS OF 12/29/24)	40.00	Officer	$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	$4,775,284	$2,274,373	$4,734,177	$2,500,911
2023	$1,897,197	$1,839,586	$2,182,838	$57,611
2022	$1,298,906	$1,655,176	$2,078,246	$-356,270
2021	$1,944,401	$2,044,245	$2,496,059	$-99,844
2020	$2,185,533	$1,035,913	$2,520,841	$1,149,620
2019	$1,199,968	$1,132,103	$1,324,350	$67,865
2018	$1,268,511	$1,179,846	$1,795,140	$88,665

BOYS AND GIRLS CLUBS OF CENTRAL CAROLINA