MANGUM MEMORIAL FUND IN MEMORY OF … - 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

1973

Legal Domicile

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

Program Service Accomplishments

Program 1

MANAGEMENT OF FUNDS TO PROVIDE FOR CAPITAL IMPROVEMENTS, MAJOR MAINTAINANCE AND PROJECT FUNDING TO FIRST 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%)

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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

MANGUM MEMORIAL FUND IN MEMORY OF J N MANGUM JR