BOWATER OF CATAWBA RECREATION ASSOC

EIN: 576025961

CATAWBA, SC

Total Revenue
$56,002
Total Expenses
$55,533
Total Assets
$123,440
Net Assets
$123,440
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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
1971
Legal Domicile
SC
Phone
8039818608
Tax Period
2024-01-01 to 2024-12-31

BOWATER OF CATAWBA RECREATION ASSOC, founded in 1971, is a micro nonprofit that reported $56K in total revenue in fiscal year 2024. Net assets of $123K represent 26 months of operating reserves.

Mission

RECREATION PROGRAMS

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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 (2024)

Revenue Breakdown

Contributions & Grants $36,099
Program Service Revenue $0
Investment Income $3,196
Other Revenue $16,707
TOTAL REVENUE $56,002

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $55,533
Other Expenses $55,533
TOTAL EXPENSES $55,533

Year-over-Year Comparison

2024 2023 Change
Revenue $56,002 $52,806 +0.1%
Expenses $55,533 $52,309 +0.1%
Net Income $469 $497 -0.1%
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
10
Independent Members
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS SEAY PRESIDENT 10.00
Officer
$0 $0 $0
CHAD FUNDERBURK VICE PRESIDENT 0.00
Officer
$0 $0 $0
LIB BRAGG TREASURER 20.00
Officer
$0 $0 $0
DOUGLAS MORRIS SECRETARY 0.00
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 $56,002 $55,533 $123,440 $469
2023 $53,711 $52,309 $120,003 $1,402
2022 $56,429 $51,399 $115,294 $5,030
2021 $44,125 $22,646 $114,997 $21,479
2021 $44,125 $32,252 $108,804 $11,873
2020 $49,150 $17,870 $91,312 $31,280
2019 $57,047 $42,577 $65,666 $14,470
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