Morgan Trace Homeowners Association

Nonprofit profile at a glance

EIN
562073855
IRS 990-EZ coverage
2020–2025
Forms available
Form 990-EZ 2025
Location
Valdese, NC, USA
Rating confidence
Limited

Reported finances

Revenue
$108,782
Expenses
$89,358
Assets
$148,667

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • KIMBERLY NANCE (PRESIDENT)
  • VICKIE VANHORN (VICE PRESIDENT)

People named in this filing

  • KIMBERLY NANCE (PRESIDENT)
  • VICKIE VANHORN (VICE PRESIDENT)
  • JACKIE STEELE (SECRETARY)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Collect monthly dues from homeowners & pay montly utilities insurance landscaping maintenance and other fees

What it reported doing in 2025

Collect monthly dues from homeowners & pay montly utilities insurance landscaping maintenance and other fees - amount shows the net increase after collections and expenses

Operating model

Revenue model
Membership-supported. 99% of the money available for current operations came from membership dues.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Sustainability: 61
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 17.9%; rating input score 68; 68th percentile among comparable filings
  • Total-asset coverage ratio: 1.66; rating input score 74; 74th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 3.3% per year; rating input score 100; 35th percentile among comparable filings
  • Asset growth: 21.3% per year; rating input score 100; 79th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 6 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • People: Everyone the filings name, and which of them the filings identify by more than a name.