ROTARY CLUB OF MARION FOUNDATION

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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

2023

Legal Domicile

Principal Officer

CAROL WOLFENBARGER

Phone

4237488257

Tax Period

2024-07-01 to 2025-06-30

ROTARY CLUB OF MARION FOUNDATION, founded in 2023, is a small nonprofit in the Public & Societal Benefit sector that reported $173K in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $119K, a strong 69% operating margin.

Mission

RAISE FUNDS FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES. PROMOTE AND SUPPORT THE EDUCATION, HEALTH, GENERAL WELFARE AND WELL-BEING OF COMMUNITIES AND SUPPORT OTHER ORGANIZATIONS THAT BENEFIT THOSE COMMUNITIES. SUPPORT THE AIMS OF ROTARY INTERNATIONAL AND THE ROTARY CLUB OF MARION NC.

Program Service Accomplishments

Program 1

Expenses: $15,000

DONATED FUNDS TO MCDOWELL TECHNICAL COMMUNITY COLLEGE FOR STUDENT SCHOLARSHIPS.

Program 2

Expenses: $37,700

PROVIDED FUNDS TO VARIOUS ORGANIZATIONS TO SUPPORT THE WELL BEING OF INDIVIDUALS AND ANIMALS. DONATED FUNDS TO A LOCAL GOVERNMENTAL AGENCY TO ASSIST WITH DISASTER RELIEF IN THE AFTERMATH OF HURRICANE HELENE. HELD A CHRISTMAS PARTY FOR 56 UNDERPRIVILEGED CHILDREN THAT WERE SELECTED BY THE MCDOWELL COUNTY PUBLIC SCHOOL SYSTEM. PROVIDED FUNDING TO BENEFIT THE LOCAL COMMUNITY IN VARIOUS WAYS.

Program 3

Expenses: $1,250

PROVIDED FUNDING TO SUPPORT HEALTHCARE INITIATIVES AND ALZHEIMERS MEDICAL RESEARCH.

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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 $169,870

Program Service Revenue $0

Investment Income $7,785

Other Revenue $-4,663

TOTAL REVENUE $172,992

Expense Breakdown

Grants Paid $49,929

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $53,950

Other Expenses $4,021

TOTAL EXPENSES $53,950

Year-over-Year Comparison

	2024	2023	Change
Revenue	$172,992	$109,926	+0.6%
Expenses	$53,950	$74,920	-0.3%
Net Income	$119,042	$35,006	+2.4%

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

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
RICHARD BERLICK	PRESIDENT/CH	2.00	Officer Director	$0	$0	$0
CAROL WOLFENBARGER	PRESIDENT/CH	0.25	Officer Director	$0	$0	$0
DAVID WATSON	V.PRESIDENT/	0.25	Officer Director	$0	$0	$0
CATHERINE COSGROVE	SECRETARY/DI	1.00	Officer Director	$0	$0	$0
WALT BAGWELL	TREASURER/DI	1.00	Officer Director	$0	$0	$0
SHARON L PARKER	DIRECTOR	0.25	Director	$0	$0	$0
NANCY SPENCER	DIRECTOR	0.25	Director	$0	$0	$0
BETSY WATSON	DIRECTOR	0.25	Director	$0	$0	$0
STEVE BUSH	DIRECTOR	0.25	Director	$0	$0	$0
EUGENE CROSS IV	DIRECTOR	0.25	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	$172,992	$53,950	$409,358	$119,042