Mayland Community College Enterprise Corporation (EIN 824286903) - 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

2018

Legal Domicile

Principal Officer

John C Boyd

Phone

8287657351

Tax Period

2024-07-01 to 2025-06-30

Mayland Community College Enterprise Corporation, founded in 2018, is a small nonprofit in the Education sector that reported $767K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $196K, a strong 25% operating margin.

Mission

Our mission is to assist in the redevelopment of Mitchell, Avery, and Yancey communities and create a climate that attracts entrepreneurs, residents,and visitors in an effort to bring vitality to the area.

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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 $0

Program Service Revenue $708,545

Investment Income $0

Other Revenue $58,855

TOTAL REVENUE $767,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,493

Fundraising Expenses $3,501

Program Expenses $515,501

Other Expenses $429,385

TOTAL EXPENSES $571,878

Year-over-Year Comparison

	2024	2023	Change
Revenue	$767,400	$534,253	+0.4%
Expenses	$571,878	$436,548	+0.3%
Net Income	$195,522	$97,705	+1.0%

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

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

$470,517

Total Directors

$470,517

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr John Boyd	President/ CEO	5.00	Officer Director	$0	$95,938	$315,021
Amanda Buchanan	Treasurer / CFO	5.00	Officer Director	$0	$46,738	$155,496
Nancy Burleson	Chair	0.50	Officer Director	$0	$0	$0
Garland Honeycutt	Secretary	0.50	Officer Director	$0	$0	$0
Drey Phillips	Board member	0.50	Director	$0	$0	$0
Courtney Mauzy	Board Member	0.50	Director	$0	$0	$0
Johnny Riddle	Board Member	0.50	Director	$0	$0	$0
Linda Larson	Board Member	0.50	Director	$0	$0	$0
Bryan Peterson	Board Member	0.50	Director	$0	$0	$0
Edwina Sluder	Board Member	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	$767,400	$571,878	$480,273	$195,522
2024	$534,253	$436,548	$171,084	$97,705
2023	$351,244	$312,316	$92,555	$38,928
2022	$166,505	$190,572	$51,913	$-24,067

Mayland Community College Enterprise Corporation