MONROE-UNION COUNTY COMMUNITY

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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

1989

Legal Domicile

Principal Officer

FRANK DEESE

Phone

7042838804

Tax Period

2024-01-01 to 2024-12-31

MONROE-UNION COUNTY COMMUNITY, founded in 1989, is a small nonprofit in the Housing & Shelter sector that reported $164K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $248K exceeded revenue, resulting in a 51% operating deficit.

Mission

TO HELP ALL UNION COUNTY NC RESIDENTS GAIN ACCESS TO AFFORDABLE HOUSING, DECENT JOBS, AND TO DEVELOP A SENSE OF SECURITY.

Program Service Accomplishments

Program 1

Expenses: $214,594 Revenue: $164,274

THE ORGANIZATION ASSISTED LOW AND MODERATE INCOME INDIVIDUALS IN OBTAINING AFFORDABLE HOUSING THROUGH THE USE OF GRANTS, MORTGAGE ASSISTANCE LOANS, AND SUBSIDIZED LOANS IN THE UNION COUNTY, NORTRH...

THE ORGANIZATION ASSISTED LOW AND MODERATE INCOME INDIVIDUALS IN OBTAINING AFFORDABLE HOUSING THROUGH THE USE OF GRANTS, MORTGAGE ASSISTANCE LOANS, AND SUBSIDIZED LOANS IN THE UNION COUNTY, NORTRH CAROLINA AREA.

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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 $66,392

Program Service Revenue $22,409

Investment Income $31

Other Revenue $75,442

TOTAL REVENUE $164,274

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,943

Fundraising Expenses $1,477

Program Expenses $214,594

Other Expenses $102,017

TOTAL EXPENSES $247,960

Year-over-Year Comparison

	2024	2023	Change
Revenue	$164,274	$295,977	-0.4%
Expenses	$247,960	$511,175	-0.5%
Net Income	$-83,686	$-215,198	-0.6%

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

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

$50,077

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ISABELLE GILLESPIE	EXECUTIVE DIRECTOR	40.00	Key Emp	$50,077	$0	$50,077
RICHARD BROWN	DIRECTOR	0.50	Director	$0	$0	$0
SHARON COVINGTON	SECRETARY & DIRECTOR	0.50	Director	$0	$0	$0
PENNY MCCLENDON	TREASURER & DIRECTOR	0.50	Director	$0	$0	$0
ANNA MCRAE	DIRECTOR	0.50	Director	$0	$0	$0
FRANK DEESE	BOARD CHAIRMAN	1.00	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
2024	$164,274	$247,960	$712,859	$-83,686
2019	$294,333	$274,828	$753,839	$19,505