NORTH CAROLINA COUNCIL ON ECONOMIC… - Form 990 Financial Data

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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

1970

Legal Domicile

Principal Officer

SANDRA WHEAT

Phone

9197911995

Tax Period

2024-01-01 to 2024-12-31

NORTH CAROLINA COUNCIL ON ECONOMIC EDUCATION INC, founded in 1970, is a small nonprofit in the Social Science sector that reported $742K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $646K left a modest 13% surplus.

Mission

THE NCCEE PROVIDES ECONOMIC AND FINANCIAL EDUCATION FOR EDUCATORS AND STUDENTS THROUGHOUT NORTH CAROLINA. THIS MISSION IS ACCOMPLISHED THROUGH STANDARDS BASED WORKSHOPS AND A VARIETY OF RESOURCES FOR EDUCATORS, ACADEMIC COMPETITIONS FOR STUDENTS, AND ADVOCACY FOR FINANCIAL EDUCATION AND TRAINING IN SCHOOL SYSTEMS THROUGHOUT THE STATE.

Program Service Accomplishments

Program 1

Expenses: $442,666 Revenue: $215,316

PROFESSIONAL DEVELOPMENT FOR ECONOMICS AND PERSONAL FINANCE COURSE TEACHERS.NCCEE PROVIDES 40-HOUR PROFESSIONAL DEVELOPMENT SESSIONS FOR TEACHERS OF THE ECONOMICS AND PERSONAL FINANCE COURSE...

PROFESSIONAL DEVELOPMENT FOR ECONOMICS AND PERSONAL FINANCE COURSE TEACHERS.NCCEE PROVIDES 40-HOUR PROFESSIONAL DEVELOPMENT SESSIONS FOR TEACHERS OF THE ECONOMICS AND PERSONAL FINANCE COURSE. TEACHERS RECEIVED TRAINING ON CONTENT AND PEDAGOGY. TEACHERS RECEIVE A STIPEND OR NCCEE PROVIDES SUBSTITUTE PAY REIMBURSEMENT TO THE SCHOOL OR LEA. NCCEE PROVIDES MEALS AND SOME LODGING EXPENSES FOR PARTICIPANTS WHEN HELD IN PERSON. UP TO 50 TEACHERS PER SESSION ARE SERVED WITH 7-10 SESSIONS OFFERED ANNUALLY.

Program 2

Expenses: $118,046 Revenue: $3,880

NCCEE FACILITATES ACADEMIC COMPETITIONS THAT ENHANCE THE COURSE STANDARDS. ACCOMPANYING THE COMPETITIONS ARE TWO REGIONAL AWARDS LUNCHEONS. STUDENTS, TEACHERS, PARENTS AND ADMINISTRATORS ARE INVITED...

Program 3

Expenses: $16,880

NCCEE FACILITATES FAMILY FINANCIAL FUN NIGHTS AT LOW-INCOME SCHOOLS THROUGHOUT THE STATE OF NC. PARENTS AND STUDENTS ARE INVITED TO PARTICIPATE IN AGE-APPROPRIATE FINANCIAL LITERACY ACTIVITIES THAT...

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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 $523,068

Program Service Revenue $219,196

Investment Income $28

Other Revenue $0

TOTAL REVENUE $742,292

Expense Breakdown

Grants Paid $0

Salaries & Benefits $219,635

Fundraising Expenses $0

Program Expenses $594,472

Other Expenses $426,200

TOTAL EXPENSES $645,835

Year-over-Year Comparison

	2024	2023	Change
Revenue	$742,292	$798,242	-0.1%
Expenses	$645,835	$834,139	-0.2%
Net Income	$96,457	$-35,897	-3.7%

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

237

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

$100,152

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CREIGHTON BLACKWELL	CHAIR	1.00	Officer Director	$0	$0	$0
LAUREN WHALEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LESLIE WALDEN	SECRETARY	1.00	Officer Director	$0	$0	$0
STUART NOFSINGER	TREASURER	1.00	Officer Director	$0	$0	$0
DR LORI CARLIN	DIRECTOR	1.00	Director	$0	$0	$0
DR MATTHEW MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
DR ABDOUL WANE	DIRECTOR	1.00	Director	$0	$0	$0
RANDALL REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
KELLI HOLLOWAY	DIRECTOR	1.00	Director	$0	$0	$0
TODD ROADMAN	DIRECTOR	1.00	Director	$0	$0	$0
DAN SOTO	DIRECTOR	1.00	Director	$0	$0	$0
MARC DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
GREG SEWARD	DIRECTOR	1.00	Director	$0	$0	$0
PETER SEITZ	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW HERRMANN	DIRECTOR	1.00	Director	$0	$0	$0
DR VEREDA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH MATTHEWS	DIRECTOR	1.00	Director	$0	$0	$0
DR EDWARD J LOPEZ	DIRECTOR	1.00	Director	$0	$0	$0
DR ANTHONY NELSON	DIRECTOR	1.00	Director	$0	$0	$0
SYDNEY WAWRZYNIAK	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA WHEAT	EXECUTIVE DIRECTOR	40.00	Officer	$100,152	$0	$100,152

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	$742,292	$645,835	$540,172	$96,457
2023	$798,242	$834,139	$455,834	$-35,897
2022	$993,815	$953,522	$665,778	$40,293
2021	$705,975	$490,040	$457,101	$215,935
2020	$409,745	$418,488	$248,977	$-8,743
2019	$383,241	$236,427	$210,716	$146,814
2018	$252,277	$222,973	$57,608	$29,304

NORTH CAROLINA COUNCIL ON ECONOMIC EDUCATION INC