MARTIN CENTRE PRESERVATION COMPANY INC (EIN 843076389) - 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

ROBERT W HURST JR

Phone

9123843322

Tax Period

2023-01-01 to 2023-12-31

MARTIN CENTRE PRESERVATION COMPANY INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $548K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $771K exceeded revenue, resulting in a 41% operating deficit.

Mission

OUR MISSION IS TO MAINTAIN THE HISTORICAL INTEGRITY OF THE MARTIN CENTRE WHILE REJUVENATING DOWNTOWN DOUGLAS, GA. WE DESIRE TO CULTIVATE THE CULTURAL, ARTS, EDUCATIONAL, AND ENTERTAINMENT PASSION OF THE COMMUNITY WHILE HAVING A DIRECT EFFECT ON THE ECONOMIC IMPACT OF DOWNTOWN DOUGLAS AS WELL AS MAKING DOUGLAS/COFFEE COUNTY A MORE ATTRACTIVE LOCATION FOR EMPLOYEES AND INDUSTRIES TO LOCATE.

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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 $199,670

Program Service Revenue $292,966

Investment Income $0

Other Revenue $55,728

TOTAL REVENUE $548,364

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,311

Fundraising Expenses $0

Program Expenses $648,729

Other Expenses $753,263

TOTAL EXPENSES $770,574

Year-over-Year Comparison

	2023	2022	Change
Revenue	$548,364	$412,787	+0.3%
Expenses	$770,574	$525,023	+0.5%
Net Income	$-222,210	$-112,236	+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

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
LORNA HURST	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT W HURST JR	TREASURER	N/A	Officer Director	$0	$0	$0
ALLISON NORRIS	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN NORRIS	PRESIDENT	N/A	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	No data	No data	No data	No data
2023	$548,364	$770,574	$132,333	$-222,210
2022	$412,787	$525,023	$637,960	$-112,236
2021	$999,860	$284,544	$848,086	$715,316

MARTIN CENTRE PRESERVATION COMPANY INC