NORTH CAROLINA QUARTER MIDGET ASSOC (EIN 231658568) - 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

JEREMY TROIANO

Phone

3364425695

Tax Period

2025-01-01 to 2025-12-31

NORTH CAROLINA QUARTER MIDGET ASSOC, founded in 2002, is a small nonprofit in the Human Services sector that reported $129K in total revenue in fiscal year 2025. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $172K exceeded revenue, resulting in a 34% operating deficit.

Mission

TO CREATE AND MAINTAIN A CLEAN, SAFE, HEALTHY SPORT, WHICH MAY BE ENJOYED BY KIDS AGES 5 THROUGH 16

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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 (2025)

Revenue Breakdown

Contributions & Grants $117,807

Program Service Revenue $11,117

Investment Income $0

Other Revenue $0

TOTAL REVENUE $128,924

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $170,001

Other Expenses $172,281

TOTAL EXPENSES $172,281

Year-over-Year Comparison

	2025	2024	Change
Revenue	$128,924	$92,364	+0.4%
Expenses	$172,281	$120,158	+0.4%
Net Income	$-43,357	$-27,794	+0.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOBBY LABONTE	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF PAULK	BOARD MEMBER	1.00	Director	$0	$0	$0
JESS ALBRIGHT	VICE PRESIDE	4.00	Officer	$0	$0	$0
MARTHA CARTER	TREASURER	4.00	Officer	$0	$0	$0
STEPHANIE SULLIVAN	SECRETARY	4.00	Officer	$0	$0	$0
JEREMY TROIANO	PRESIDENT	4.00	Officer	$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
2025	$128,924	$172,281	$647,219	$-43,357
2024	$126,770	$126,118	$690,576	$652
2023	$92,364	$120,158	$689,924	$-27,794
2022	$86,168	$111,934	$717,718	$-25,766
2021	$97,338	$118,889	$743,484	$-21,551
2020	$79,160	$104,453	$765,035	$-25,293

NORTH CAROLINA QUARTER MIDGET ASSOC