NC GREENPOWER CORPORATION (EIN 223895009) - 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

2003

Legal Domicile

Principal Officer

BRIAN COBLE

Phone

9198579000

Tax Period

2024-01-01 to 2024-12-31

NC GREENPOWER CORPORATION, founded in 2003, is a small nonprofit in the Environment sector that reported $875K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 52% operating deficit.

Mission

NC GREENPOWER'S MISSION IS TO EXPAND PUBLIC KNOWLEDGE AND ACCEPTANCE OF CLEANER ENERGY TECHNOLOGIES TO ALL NORTH CAROLINIANS THROUGH LOCAL, COMMUNITY BASED INITIATIVES.

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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 $811,147

Program Service Revenue $0

Investment Income $63,935

Other Revenue $0

TOTAL REVENUE $875,082

Expense Breakdown

Grants Paid $383,337

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,087,349

Other Expenses $947,891

TOTAL EXPENSES $1,331,228

Year-over-Year Comparison

	2024	2023	Change
Revenue	$875,082	$938,626	-0.1%
Expenses	$1,331,228	$1,417,914	-0.1%
Net Income	$-456,146	$-479,288	0.0%

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

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

$502,392

Total Directors

$502,392

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN COBLE	PRESIDENT/EX	10.00	Officer Director	$0	$57,221	$266,659
ROBERT GOODSON	PRES/ED - RE	10.00	Officer Director	$0	$12,345	$235,733
JULIE WOOSLEY	CHAIR	1.00	Officer Director	$0	$0	$0
EWAN PRITCHARD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CONNIE OLDHAM	SECRETARY	1.00	Officer Director	$0	$0	$0
ADAM FOODMAN	TREASURER	1.00	Director	$0	$0	$0
JAMIE APPLEQUIST	CHIEF ADMIN	1.00	Director	$0	$0	$0
AMY BERRY	DIRECTOR	1.00	Director	$0	$0	$0
LAYLA CUMMINGS	DIRECTOR	1.00	Director	$0	$0	$0
CASSIE GAVIN	DIRECTOR	1.00	Director	$0	$0	$0
ROY JONES	DIRECTOR	1.00	Director	$0	$0	$0
BETH RITTER	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER WEISS	DIRECTOR	1.00	Director	$0	$0	$0
SAM WHEELER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL YOUTH	DIRECTOR	1.00	Director	$0	$0	$0
TRISTAN KREAGER	DIRECTOR	1.00	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
2024	$875,082	$1,331,228	$2,303,323	$-456,146
2023	$938,626	$1,417,914	$2,739,080	$-479,288
2022	$2,006,667	$2,682,463	$3,623,720	$-675,796
2021	$905,963	$1,158,397	$3,961,735	$-252,434
2020	$757,486	$1,053,239	$4,259,644	$-295,753
2019	$924,655	$957,655	$4,385,679	$-33,000
2018	$1,419,946	$1,191,424	$4,509,724	$228,522

NC GREENPOWER CORPORATION