Mayfield Enrichment Center Inc
Nonprofit profile at a glance
- EIN
- 851827556
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024
- Location
- Mayfield, KY, USA
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public Safety, Disaster Preparedness & Relief N.E.C.
Reported finances
- Revenue
- $146,675
- Expenses
- $131,190
- Assets
- $23,548
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Crystal Fox (Executive Director)
- Derrick Parrott (Vice President)
- Ashley Parrott (Board President)
People named in this filing
- Crystal Fox (Executive Director)
- Derrick Parrott (Vice President)
- Ashley Parrott (Board President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Mayfield Enrichment Center Inc. operates as a nonprofit organization with a core mission to provide charitable services for public benefit. The center relies on financial support from public charities individual donors and potential government grants to sustain its operations. Its primary focus is on addressing the needs of marginalized communities including low-income individuals BIPOC groups the elderly and other underserved populations in Western Kentucky. By offering programs and services tailored to these groups the center aims to bridge existing gaps and enhance the quality of life for those it serves.
What it reported doing in 2024
The organizations main focus is providing crucial aid to families impacted by natural disasters in Mayfield KY during 2021 and 2023. By offering $100 in direct utility support they assisted vulnerable groups like the elderly and underserved communities facing disconnection risks. This aid stemmed from partnerships with the local utility company and community action agency ensuring a united front in addressing urgent needs post-disasters. Securing grants to finance these efforts underscores the organizations dedication to resourcing families affected by natural calamities. The community served was already grappling with challenges like food insecurity worsened by the Covid-19 economic fallout and reflected in census poverty rates. Established in 2020 the organization aimed to cater to the distinct requirements of BIPOC individuals low-income families the elderly and other underserved groups in Mayfield and nearby Western KY regions.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 75% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 100
- Sustainability: 34
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.7%; rating input score 78
- Program expense ratio: 86.9%; rating input score 87
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 10.6%; rating input score 59; 59th percentile among comparable filings
- Total-asset coverage ratio: 0.18; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 34.8%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 77.7% of revenue deployed · 86.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $114K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- Review — Sustainability: Operating margin scored 59/100.
- High — Sustainability: Officer compensation ratio scored 9/100.