BOYS & GIRLS CLUBS OF THE ALBEMARL… - 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

2008

Legal Domicile

Principal Officer

KRYSTAL WATSON

Phone

2524827082

Tax Period

2024-01-01 to 2024-12-31

BOYS & GIRLS CLUBS OF THE ALBEMARLE INC, founded in 2008, is a community nonprofit in the Youth Development sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 20% operating deficit.

Mission

THE MISSION OF THE BOYS & GIRLS CLUB IS TO INSPIRE AND ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US THE MOST, TO REALIZE THEIR FULL POTENTIAL AS RESPONSIBLE, PRODUCTIVE, AND CARING CITIZENS.

Program Service Accomplishments

Program 1

Expenses: $1,062,820 Revenue: $20,417

AT THE BOYS & GIRLS CLUB, KIDS TAKE PART IN STRUCTURED PROGRAMS GEARED TOWARD OUR THREE PRIORITY OUTCOMES. 1)ACADEMIC SUCCESS 2) HEALTY LIFESTYLES 3) CHARACTER AND LEADERSHIP. THE BOYS & GIRLS CLUB PROVIDES CHILDREN IN CHOWAN AND PASQUOTANK COUNTIES A SAFE AND WELCOMING PLACE TO GO AFTER SCHOOL AND DURING SUMMER VACATION. AT BOYS & GIRLS CLUB KIDS LEARN LEADERSHIP SKILLS, ENHANCE THEIR ACADEMIC PROGRESS, AND ABSORB LIFE'S IMPORTANT LESSONS SUCH AS COOPERATION, TEAMWORK, AND PERSEVERANCE. DURING 2024, THE BOYS & GIRLS CLUBS SERVED APPROXIMATELY 282 KIDS IN EDENTON AND APPROXIMATELY 287 KINDS IN ELIZABETH CITY. THE AVERAGE DAILY ATTENDANCE DURING THE SCHOOL YEAR WAS 112 CHILDREN AND TEENS IN EDENTON AND 119 CHILDREN AND TEENS IN ELIZABETH CITY. THE AVERAGE DAILY ATTENDANCE DURING THE SUMMER WAS 87 CHILDREN AND TEENS IN EDENTON AND 109 CHILDREN AND TEENS IN ELIZABETH CITY.

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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 $922,404

Program Service Revenue $20,417

Investment Income $1,278

Other Revenue $68,200

TOTAL REVENUE $1,012,299

Expense Breakdown

Grants Paid $0

Salaries & Benefits $583,407

Fundraising Expenses $74,343

Program Expenses $1,062,820

Other Expenses $636,012

TOTAL EXPENSES $1,219,419

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,012,299	$733,161	+0.4%
Expenses	$1,219,419	$1,067,541	+0.1%
Net Income	$-207,120	$-334,380	-0.4%

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

$80,813

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH MITCHELL	EXECUTIVE DI	40.00	Officer	$71,945	$8,868	$80,813
KRYSTAL WATSON	CHAIR	2.00	Officer Director	$0	$0	$0
BILL WHICHARD	VICE CHAIR O	2.00	Officer Director	$0	$0	$0
JUDE ROBERTS - JOINED 1524	TREASURER	2.00	Officer Director	$0	$0	$0
HACK HIGH	SECRETARY	2.00	Officer Director	$0	$0	$0
STEPHANIE WACH	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER PURCELL	DIRECTOR	1.00	Director	$0	$0	$0
ALEX RICH	DIRECTOR	1.00	Director	$0	$0	$0
AMY ALCOCER	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE METZLER	DIRECTOR	1.00	Director	$0	$0	$0
RON CAUSEY	DIRECTOR	1.00	Director	$0	$0	$0
GILBERT BACCUS - JOINED 1524	DIRECTOR	1.00	Director	$0	$0	$0
MELVIN HAWKINS - JOINED 1524	DIRECTOR	1.00	Director	$0	$0	$0
LIZA MUNFORD - JOINED 1524	DIRECTOR	1.00	Director	$0	$0	$0
TOM GANDEE - RESIGNED 111424	TREASURER	N/A	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	$1,012,299	$1,219,419	$2,251,726	$-207,120
2023	$733,161	$1,067,541	$2,404,137	$-334,380
2022	$1,110,307	$873,671	$2,827,681	$236,636
2021	$922,261	$750,462	$2,608,909	$171,799
2020	$913,683	$1,449,262	$2,381,955	$-535,579
2019	$958,582	$1,517,284	$1,392,953	$-558,702
2018	$930,098	$557,681	$2,038,901	$372,417

BOYS & GIRLS CLUBS OF THE ALBEMARLE INC