MANGUM MEMORIAL FUND IN MEMORY OF J N MANGUM JR

EIN: 566195773 501(c)(3)

Rockingham, NC

Total Revenue
$17,314
Total Expenses
$835
Total Assets
$325,504
Net Assets
$325,504
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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
1973
Legal Domicile
NC
Principal Officer
CLARENCE M TERRY II Chairman
Tax Period
2022-01-01 to 2022-12-31

MANGUM MEMORIAL FUND IN MEMORY OF J N MANGUM JR, founded in 1973, is a micro nonprofit that reported $17K in total revenue in fiscal year 2022. The organization ran a surplus of $16K, a strong 95% operating margin.

Mission

MANAGEMENT OF FUNDS TO PROVIDE FOR CAPITAL IMPROVEMENTS, MAJOR REPAIRS AND PROJECT FUNDING TO FIRST UNITED METHODIST CHURCH, HAMLET NC

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $17,314
Investment Income $0
Other Revenue $0
TOTAL REVENUE $17,314

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $835
TOTAL EXPENSES $835

Year-over-Year Comparison

2022 2021 Change
Revenue $17,314 $18,118 0.0%
Expenses $835 $835 N/A
Net Income $16,479 $17,283 0.0%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
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
1
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAWN E GARNER TRUSTEE 10.00
Director
$0 $0 $0
PATRICIA L ANDERSON TRUSTEE 10.00
Director
$0 $0 $0
WILLIAM N CLEVELAND TRUSTEE 10.00
Director
$0 $0 $0
CLARENCE M TERRY II CHAIRMAN 10.00
Officer 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
2022 $17,314 $835 $325,504 $16,479
2021 $18,118 $835 $336,464 $17,283
2020 $17,921 $22,260 $573,356 $-4,339
2019 $18,771 $10,270 $573,707 $8,501
2018 $20,430 $95,345 $612,616 $-74,915
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