GUILFORD MERCHANTS ASSOCIATION INC (EIN 566062537) - 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

1906

Legal Domicile

Principal Officer

MARK PRINCE

Phone

3363786390

Tax Period

2023-01-01 to 2023-12-31

GUILFORD MERCHANTS ASSOCIATION INC, founded in 1906, is a small nonprofit that reported $802K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

THE ASSOCIATION'S GOAL IS TO ASSIST MEMBERS AND THE BUSINESS COMMUNITY TO GROW AND PROSPER.

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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 $0

Program Service Revenue $851,232

Investment Income $0

Other Revenue $-49,398

TOTAL REVENUE $801,834

Expense Breakdown

Grants Paid $0

Salaries & Benefits $341,008

Fundraising Expenses $0

Other Expenses $442,294

TOTAL EXPENSES $783,302

Year-over-Year Comparison

	2023	2022	Change
Revenue	$801,834	$639,808	+0.3%
Expenses	$783,302	$753,088	+0.0%
Net Income	$18,532	$-113,280	-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

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

$95,818

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK PRINCE	PRESIDENT & CEO	10.00	Officer Director	$0	$0	$0
RICHARD BEARD	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
DAVID PARRISH	BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
JOHN THOMAS	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
CLARENCE MCDONALD	BOARD IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
FORD BOWERS	BOARD PAST CHAIR	2.00	Officer Director	$0	$0	$0
SCOTT BAKER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS DUNBAR	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS DUDLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM HIMES JR	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT POMPEY JR	BOARD MEMBER	1.00	Director	$0	$0	$0
LEAH PRICE	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD VANORE	BOARD MEMBER	1.00	Director	$0	$0	$0
ANITA BACHMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE BOLICK	VICE PRESIDENT OF OPERATIO	40.00	Officer	$95,818	$0	$95,818

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	$801,834	$783,302	$190,490	$18,532
2022	$639,808	$753,088	$178,678	$-113,280
2021	$699,366	$713,546	$290,434	$-14,180
2020	$632,556	$606,111	$311,791	$26,445
2019	$714,685	$789,000	$302,030	$-74,315
2018	$824,600	$824,880	$382,153	$-280

GUILFORD MERCHANTS ASSOCIATION INC