THE IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA (EIN 043728351) - 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

2002

Legal Domicile

Principal Officer

MARQUITA ROBERTSON

Phone

9192838922

Tax Period

2023-01-01 to 2023-12-31

THE IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA, founded in 2002, is a small nonprofit in the Human Services sector that reported $181K in total revenue in fiscal year 2023.

Mission

THE COLLABORATIVE'S MISSION IS TO CLOSE THE WEALTH GAP IN NORTH CAROLINA. WE ADVOCATE ON BEHALF OF FINANCIALLY VULNERABLE COMMUNITIES BY COLLABORATING WITH FINANCIAL INSTITUTIONS, NONPROFITS, AND LOCAL GOVERNMENT AGENCIES ACROSS THE STATE TO EDUCATE PEOPLE ON BUILDING WEALTH. WE BELIEVE EVERYONE REGARDLESS OF THEIR SKIN COLOR, PHYSICAL ABILITIES, OR FINANCIAL CIRCUMSTANCES DESERVES AN EQUAL OPPORTUNITY TO BUILD WEALTH.

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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 $179,534

Program Service Revenue $1,400

Investment Income $197

Other Revenue $0

TOTAL REVENUE $181,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,140

Fundraising Expenses $3,352

Program Expenses $121,305

Other Expenses $68,113

TOTAL EXPENSES $178,253

Year-over-Year Comparison

	2023	2022	Change
Revenue	$181,131	$176,505	+0.0%
Expenses	$178,253	$167,556	+0.1%
Net Income	$2,878	$8,949	-0.7%

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

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

$102,018

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATI SESSOMS	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
LATASHA BEST-GADDY	TREASURER	2.00	Officer Director	$0	$0	$0
CATHERINE JARBOE	SECRETARY	2.00	Officer Director	$0	$0	$0
TAMEKA REED	DIRECTOR	2.00	Director	$0	$0	$0
BRONWYN LUCAS	DIRECTOR	2.00	Director	$0	$0	$0
TIFFANY GLADNEY	DIRECTOR	2.00	Director	$0	$0	$0
MARQUITA ROBERTSON	EXECUTIVE DIRECTOR	40.00	Officer	$98,094	$3,924	$102,018

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	$181,131	$178,253	$256,598	$2,878
2022	$176,505	$167,556	$263,220	$8,949
2021	$191,945	$186,520	$226,517	$5,425
2020	$270,824	$185,162	$245,864	$85,662
2019	$208,468	$158,177	$134,899	$50,291

THE IDA AND ASSET BUILDING COLLABORATIVE OF NORTH CAROLINA