MARION CDC INC

EIN: 822515700 501(c)(3)

MARION, NC

Total Revenue
$332,470
Total Expenses
$674
Total Assets
$336,811
Net Assets
$331,796
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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
NC
Principal Officer
ROBERT BOYETTE
Phone
8286527832
Tax Period
2017-07-01 to 2018-06-30

MARION CDC INC, founded in 2017, is a small nonprofit that reported $332K in total revenue in fiscal year 2017. The organization ran a surplus of $332K, a strong 100% operating margin.

Mission

PROVIDE INITIATIVES TO IMPROVE HOUSING AND EMPLOYMENT OPPORTUNITIES AND REVITALIZE NEIGHBORHOODS IN THE CITY OF MARION AS ALLOWED BY ALL APPLICABLE LAWS

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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 (2017)

Revenue Breakdown

Contributions & Grants $332,470
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $332,470

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $674
Other Expenses $674
TOTAL EXPENSES $674

Year-over-Year Comparison

2017 2016 Change
Revenue $332,470 N/A N/A
Expenses $674 N/A N/A
Net Income $331,796 N/A N/A
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
2
Independent Members
N/A
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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT BOYETTE PRES 1
Officer
$0 $0 $0
JULIE SCHERER SEC TREAS 1
Officer
$0 $0 $0
HEATHER COTTON EXEC DIR 3
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
2018 $332,470 $674 $336,811 $331,796
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