NORTH CAROLINA STATE BEEKEEPERS ASSOC INC (EIN 237084869) - 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

1978

Legal Domicile

Principal Officer

RICK COOR

Tax Period

2023-01-01 to 2023-12-31

NORTH CAROLINA STATE BEEKEEPERS ASSOC INC, founded in 1978, is a small nonprofit that reported $270K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE AND EDUCATE THE GENERAL PUBLIC ABOUT HONEY BEES, POLLINATION, AND THE BENEFITS AND CHALLENGES OF BEEKEEPING.

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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 $153,299

Program Service Revenue $93,967

Investment Income $2,485

Other Revenue $20,212

TOTAL REVENUE $269,963

Expense Breakdown

Grants Paid $134,627

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $281,916

Other Expenses $147,289

TOTAL EXPENSES $281,916

Year-over-Year Comparison

	2023	2022	Change
Revenue	$269,963	$217,991	+0.2%
Expenses	$281,916	$207,066	+0.4%
Net Income	$-11,953	$10,925	-2.1%

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

$24,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD WALKER	MEMBERSHIP SECRETARY	4.00	Officer	$24,000	$0	$24,000
DALE A AYCOCK	TREASURER	4.00	Officer	$0	$0	$0
ETIENNE NADEAU	SECOND VICE PRESIDENT	1.00	Officer	$0	$0	$0
RICK COOR	PRESIDENT	4.00	Officer	$0	$0	$0
GORDON GOEKING	FIRST VICE PRESIDENT	1.00	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
2024	No data	No data	No data	No data
2023	$269,963	$281,916	$256,068	$-11,953
2022	$217,991	$207,066	$268,021	$10,925
2021	$98,545	$95,298	$257,096	$3,247
2020	$126,407	$124,000	$253,849	$2,407
2019	$211,259	$157,445	$251,442	$53,814

NORTH CAROLINA STATE BEEKEEPERS ASSOC INC