NORTH CAROLINA ASSOCIATION OF REGIONAL COUNCIL DIRECTORS

EIN: 201696334

RUTHERFORDTON, NC

Total Revenue
$134,647
Total Expenses
$126,189
Total Assets
$156,311
Net Assets
$142,884
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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
1972
Legal Domicile
NC
Principal Officer
LEE WORSLEY
Phone
8282872281
Tax Period
2019-07-01 to 2020-06-30

NORTH CAROLINA ASSOCIATION OF REGIONAL COUNCIL DIRECTORS, founded in 1972, is a small nonprofit that reported $135K in total revenue in fiscal year 2019. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $126K left a modest 6% surplus.

Mission

PROVIDE CREATIVE REGIONAL SOLUTIONS TO RELEVANT AND EMERGING ISSUES IN NORTH CAROLINA WHILE PROVIDING A STANDARD OF EXCELLENCE IN THE DELIVERY OF FEDERAL, STATE AND REGIONAL SERVICES FOR OUR MEMBER COMMUNITIES.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $134,561
Investment Income $86
Other Revenue $0
TOTAL REVENUE $134,647

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $126,189
Other Expenses $126,189
TOTAL EXPENSES $126,189

Year-over-Year Comparison

2019 2018 Change
Revenue $134,647 $115,092 +0.2%
Expenses $126,189 $132,168 0.0%
Net Income $8,458 $-17,076 -1.5%
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

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Governance

Voting Members
16
Independent Members
15
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
4
$40,000
Total Directors
16
$40,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEE WORSLEY CHAIRMAN N/A
Officer Director
$0 $0 $0
ROBERT HIETT VICE-CHAIR N/A
Officer Director
$0 $0 $0
STEVE LOCKETT TREASURER N/A
Officer Director
$0 $0 $0
SARAH THOMPSON BOARD MEMBER N/A
Director
$0 $0 $0
NATHAN RAMSEY BOARD MEMBER N/A
Director
$0 $0 $0
JULIE WIGGINS BOARD MEMBER N/A
Director
$0 $0 $0
ANTHONY STARR BOARD MEMBER N/A
Director
$0 $0 $0
GERALDINE GARDNER BOARD MEMBER N/A
Director
$0 $0 $0
MATTHEW DOLGE BOARD MEMBER N/A
Director
$0 $0 $0
DIANE COX BOARD MEMBER N/A
Director
$0 $0 $0
JUSTIN HEMBREE BOARD MEMBER N/A
Director
$0 $0 $0
DAVID RICHARDSON BOARD MEMBER N/A
Director
$0 $0 $0
ALLEN SERKIN BOARD MEMBER N/A
Director
$0 $0 $0
KATIE BORDEAUX BOARD MEMBER N/A
Director
$0 $0 $0
DAVID WHITMER BOARD MEMBER N/A
Director
$0 $0 $0
TIM WARE EXECUTIVE DI 20.00
Officer Director
$40,000 $0 $40,000
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
2020 $134,647 $126,189 $156,311 $8,458
2019 $115,092 $132,168 $144,099 $-17,076
2018 $113,009 $160,405 $152,113 $-47,396
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