BOYS & GIRLS CLUBS OF THE ALBEMARLE FOUNDATION (EIN 833532226) - 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

2019

Legal Domicile

Principal Officer

Krystal Watson

Phone

2524827082

Tax Period

2023-01-01 to 2023-12-31

BOYS & GIRLS CLUBS OF THE ALBEMARLE FOUNDATION, founded in 2019, is a small nonprofit in the Youth Development sector that reported $203K in total revenue in fiscal year 2023. Revenue surged 244% from the prior year, signaling strong growth momentum. The organization ran a surplus of $200K, a strong 99% operating margin.

Mission

To raise and preserve funds to support the Boys & Girls Clubs of the Albemarle Inc

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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 $33,600

Program Service Revenue $0

Investment Income $169,176

Other Revenue $0

TOTAL REVENUE $202,776

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $2,640

TOTAL EXPENSES $2,640

Year-over-Year Comparison

	2023	2022	Change
Revenue	$202,776	$58,898	+2.4%
Expenses	$2,640	$171,717	-1.0%
Net Income	$200,136	$-112,819	-2.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Krystal Watson	Chair - effective Dec 2023	1	Officer Director	$0	$0	$0
Roland Vaughan - resigned Dec 2023	Chair	1	Officer Director	$0	$0	$0
Tom Gandee	Treasurer - effective Dec 2023	1	Officer Director	$0	$0	$0
Matt Scriibner	Treasurer - thru Dec 2023	1	Officer Director	$0	$0	$0
Hack High	Secretary	1	Officer Director	$0	$0	$0
Jeff Dixon	Director	1	Director	$0	$0	$0
William Whichard	Director	1	Director	$0	$0	$0
Wilson Greene	Director	1	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	No data	No data	No data	No data
2023	$202,776	$2,640	$2,322,608	$200,136
2022	$58,898	$171,717	$2,008,610	$-112,819
2021	$156,509	$112,990	$2,479,782	$43,519
2020	$1,211,331	$59,540	$2,269,205	$1,151,791
2019	$929,242	No data	$929,242	No data

BOYS & GIRLS CLUBS OF THE ALBEMARLE FOUNDATION