ROCKY MOUNT PUBLIC FACILITIES CORP (EIN 821116978) - 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

2017

Legal Domicile

Principal Officer

CHARLES PENNY

Phone

2529721218

Tax Period

2023-07-01 to 2024-06-30

ROCKY MOUNT PUBLIC FACILITIES CORP, founded in 2017, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2023. The organization ran a surplus of $3.0M, a strong 94% operating margin.

Mission

OPERATED EXCLUSIVELY FOR THE PURPOSE OF PROMOTING THE GENERAL AND SOCIAL WELFAR OF THE CITIZENS OF THE CITY OF ROCKY MOUNT, NC. BY ASSISTING THE CITY THROUGH THE ACQUISITION, CONSTRUCTION, OPERATION, SALE OR LEASE OF REAL ESTATE AND IMPROVEMENTS, FACILITIES, EQUIPMENT AND OTHER PERSONAL PROPERTY. THE ORGANIZATION CAN PLAN, FINANCE, CONSTRUCT, ACQUIRE, LEASE, SELL AND CONVEY REAL ESTATE AND IMPROVEMENTS, FURNISHINGS, EQUIPMENT AND OTHER PERSONAL PROPERTY. THE CITY CAN BORROW, LEND, ADMINISTER, AND SOLICIT FUNDS THROUGH GRANTS, LOANS, NOTES AND SECURITY INSTRUMENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $192,391

Other Revenue $3,029,452

TOTAL REVENUE $3,221,843

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $192,391

Other Expenses $192,391

TOTAL EXPENSES $192,391

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,221,843	$-1,417,453	-3.3%
Expenses	$192,391	$210,519	-0.1%
Net Income	$3,029,452	$-1,627,972	-2.9%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$147,340

Total Directors

$147,340

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABDUL BALOCH	TREASURER	1.00	Officer Director	$0	$0	$147,340
CHARLES PENNY	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOMERRO MCMILLIAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DONNA JOHNSON	SECRETARY	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
2025	No data	No data	No data	No data
2024	$3,221,843	$192,391	$25,998,688	$3,029,452
2023	$-1,417,453	$210,519	$22,969,236	$-1,627,972
2022	$265,596	$1,983,041	$24,597,209	$-1,717,445
2021	$262,944	$2,534,289	$26,314,654	$-2,271,345
2020	$269,439	$3,394,371	$28,638,629	$-3,124,932
2019	$2,798,051	$210,519	$31,710,931	$2,587,532
2018	$12,124,954	$212,319	$29,123,399	$11,912,635
2017	$582,601	$21,637	$17,210,764	$560,964

ROCKY MOUNT PUBLIC FACILITIES CORP