CITY OF MULLENS FOUNDATION INC (EIN 813951607) - Form 990 Financial Analysis & Trantor Score

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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

2016

Legal Domicile

Principal Officer

BARRY SMITH

Phone

3042944646

Tax Period

2024-01-01 to 2024-12-31

CITY OF MULLENS FOUNDATION INC, founded in 2016, is a micro nonprofit in the Community Improvement sector that reported $83K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $43K, a strong 52% operating margin.

Mission

IT IS THE PURPOSE AND FUNCTION OF THE CITY OF MULLENS FOUNDATION, INC. TO ACTIVELY SERVE THE CITY OF MULLENS BY PURSUING DONATIONS, GRANTS AND OTHER MEANS OF FUNDING TO PROMOTE COMMUNITY PROJECTS THAT FOSTER AND ENHANCE THE QUALITY OF LIFE FOR ITS CITIZENS.

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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 $73,688

Program Service Revenue $0

Investment Income $9,629

Other Revenue $0

TOTAL REVENUE $83,317

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,880

Other Expenses $39,890

TOTAL EXPENSES $39,890

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83,317	$110,582	-0.2%
Expenses	$39,890	$176,737	-0.8%
Net Income	$43,427	$-66,155	-1.7%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD BOWLING	FORMER DIREC	1.00	Officer Director	$0	$0	$0
KENNETH MCBRIDE	FORMER DIREC	1.00	Officer Director	$0	$0	$0
BARRY SMITH	PRESIDENT	6.00	Officer Director	$0	$0	$0
ROBERT TOLER	FORMER DIREC	0.00	Officer Director	$0	$0	$0
HUNTER WADE	FORMER DIREC	1.00	Director	$0	$0	$0
CHARLES WEAVER	TREASURER	10.00	Officer Director	$0	$0	$0
SHIRLEY WEAVER	SECRETARY	15.00	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	$83,317	$39,890	$323,011	$43,427
2023	$110,582	$176,737	$279,584	$-66,155
2022	$221,469	$102,151	$345,739	$119,318

CITY OF MULLENS FOUNDATION INC