MAIDEN ROSENWALD COMMUNITY DEV

EIN: 800251711 501(c)(3) Community Improvement

MAIDEN, NC

Total Revenue
$373,789
Total Expenses
$398,371
Total Assets
$2,923
Net Assets
$-134,391
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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
2009
Legal Domicile
NC
Principal Officer
SHANNON CLEMONS
Tax Period
2022-06-01 to 2023-05-31

MAIDEN ROSENWALD COMMUNITY DEV, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $374K in total revenue in fiscal year 2022.

Mission

TO CREATE OPPORTUNITY IN THE COMMUNITY FOR ALL AGES THROUGH EDUCATION EMPOWERMENT AND COLLABORATION AND TRAINING INDIVIDUALS TO FULFILL THEIR NEEDS

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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 (2022)

Revenue Breakdown

Contributions & Grants $373,789
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $373,789

Expense Breakdown

Grants Paid $0
Salaries & Benefits $314,094
Fundraising Expenses $0
Program Expenses $398,371
Other Expenses $84,277
TOTAL EXPENSES $398,371

Year-over-Year Comparison

2022 2021 Change
Revenue $373,789 $367,030 +0.0%
Expenses $398,371 $363,932 +0.1%
Net Income $-24,582 $3,098 -8.9%
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
4
Independent Members
N/A
Employees
58
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
WILLIE FORD BOARD CHAIR 1
Officer
$0 $0 $0
JERRY MCCOMB TREASURER 2
Officer
$0 $0 $0
SHANNON CLEMON SECRETARY 5
Officer
$0 $0 $0
TONY IKARD MEMBER 1
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
2023 $373,789 $398,371 $2,923 $-24,582
2022 $367,030 $363,932 $26,923 $3,098
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