MORGANTON PARK AND RECREATION FOUN… - 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

1950

Legal Domicile

Principal Officer

MIKE AYOTTE

Phone

8284371426

Tax Period

2024-01-01 to 2024-12-31

MORGANTON PARK AND RECREATION FOUNDATION INCORPORATED, founded in 1950, is a small nonprofit in the Recreation & Sports sector that reported $108K in total revenue in fiscal year 2024. The organization ran a surplus of $44K, a strong 40% operating margin.

Mission

TO PROMOTE RECREATIONAL OPPORTUNITIES FOR THE CITIZENS OF BURKE COUNTY BY PROVIDING RECREATION OUTLETS AND SUPPORTING SERVICES.

Program Service Accomplishments

Program 1

Expenses: $64,698 Revenue: $90,000

TO PROVIDE AND MAINTAIN RECREATIONAL FACILITIES FOR THE CITIZENS OF BURKE COUNTY, NORTH CAROLINA.

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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 $16,190

Program Service Revenue $90,000

Investment Income $13

Other Revenue $2,178

TOTAL REVENUE $108,381

Expense Breakdown

Grants Paid $40,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $64,698

Other Expenses $24,698

TOTAL EXPENSES $64,698

Year-over-Year Comparison

	2024	2023	Change
Revenue	$108,381	$107,184	+0.0%
Expenses	$64,698	$27,847	+1.3%
Net Income	$43,683	$79,337	-0.4%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT WHISNANT	CHAIRMAN	0.25	Officer Director	$0	$0	$0
MIKE AYOTTE	TREASURER	0.25	Officer Director	$0	$0	$0
JERRY NORVELL	VICE CHAIRMAN	0.25	Officer Director	$0	$0	$0
LISA BUFF AYOTTE	SECRETARY	0.25	Officer Director	$0	$0	$0
CAROLINE AVERY	DIRECTOR	0.25	Director	$0	$0	$0
CLINT LYTLE	DIRECTOR	0.25	Director	$0	$0	$0
ED JONES	DIRECTOR	0.25	Director	$0	$0	$0
ROBERT SALSBURY	DIRECTOR	0.25	Director	$0	$0	$0
THOMAS BEST	DIRECTOR	0.25	Director	$0	$0	$0
CORY LARGENT	DIRECTOR	0.25	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	$108,381	$64,698	$2,832,201	$43,683
2023	$107,184	$27,847	$2,859,126	$79,337
2020	$107,881	$26,865	$3,195,728	$81,016
2019	$99,146	$11,322	$2,836,269	$87,824
2018	$104,476	$16,381	$2,836,346	$88,095

MORGANTON PARK AND RECREATION FOUNDATION INCORPORATED