WALNUT COVE MEMBERS ASSOCIATION INC

EIN: 611698757 501(c)(3) Philanthropy & Grantmaking

SKYLAND, NC

Total Revenue
$731,890
Total Expenses
$726,808
Total Assets
$72,287
Net Assets
$15,681
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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
2012
Legal Domicile
NC
Principal Officer
SUZANNE OLSEN
Phone
7135691312
Tax Period
2025-01-01 to 2025-12-31

WALNUT COVE MEMBERS ASSOCIATION INC, founded in 2012, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $732K in total revenue in fiscal year 2025. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

LOCAL FUNDRAISING FOR PURPOSE OF MAKING CHARITABLE CONTRIBUTIONS TO LOCAL NONPROFIT ORGANIZATIONS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $872,894
Program Service Revenue $0
Investment Income $10,673
Other Revenue $-151,677
TOTAL REVENUE $731,890

Expense Breakdown

Grants Paid $715,250
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $722,172
Other Expenses $11,558
TOTAL EXPENSES $726,808

Year-over-Year Comparison

2025 2024 Change
Revenue $731,890 $620,655 +0.2%
Expenses $726,808 $617,607 +0.2%
Net Income $5,082 $3,048 +0.7%
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
11
Independent Members
11
Employees
N/A
Volunteers
77

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
5
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY FREDIN CHAIR 3.00
Officer Director
$0 $0 $0
JOE TANNER VICE CHAIR 0.00
Officer Director
$0 $0 $0
SIERRA PATURALSKI SECRETARY 1.00
Officer Director
$0 $0 $0
JOE TANNER CO-TREASURER 2.00
Officer Director
$0 $0 $0
MATT AGUIAR CO-TREASURER 2.00
Officer Director
$0 $0 $0
JIM ELIGATOR BOARD MEMBER 1.50
Director
$0 $0 $0
JEFF FAISTENHAMMER BOARD MEMBER 3.00
Director
$0 $0 $0
SUE OLSEN BOARD MEMBER 5.00
Director
$0 $0 $0
COLETTE RODBELL BOARD MEMBER 1.00
Director
$0 $0 $0
SILVIA SILVERSTEIN BOARD MEMBER 1.00
Director
$0 $0 $0
MARK STEJBACH BOARD MEMBER 1.50
Director
$0 $0 $0
RON BILLINGS CHAIR EMERITUS 0.50
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
2025 $731,890 $726,808 $72,287 $5,082
2024 $620,655 $617,607 $10,599 $3,048
2024 $620,856 $587,107 $40,879 $33,749
2023 $586,957 $587,814 $7,130 $-857
2022 $535,790 $549,961 $7,987 $-14,171
2021 $515,350 $508,912 $18,758 $6,438
2020 $379,865 $384,671 $12,320 $-4,806
2019 $378,439 $389,125 $17,126 $-10,686
2018 $315,419 $332,028 $31,396 $-16,609
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