NORTH CAROLINA APPLE FESTIVAL INC (EIN 237361399) - 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

1952

Legal Domicile

Principal Officer

COLBY BUCHANAN

Phone

8286994821

Tax Period

2024-01-01 to 2024-12-31

NORTH CAROLINA APPLE FESTIVAL INC, founded in 1952, is a small nonprofit in the Recreation & Sports sector that reported $235K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $221K left a modest 6% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE THE AREA'S APPLE INDUSTRY BY PROVIDING SUPPORT TO LOCAL APPLE GROWERS AND ORGANIZING AN ANNUAL APPLE FESTIVAL ON THE LABOR DAY WEEKEND.

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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 $52,020

Program Service Revenue $180,018

Investment Income $2,885

Other Revenue $0

TOTAL REVENUE $234,923

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $204,899

Other Expenses $220,830

TOTAL EXPENSES $220,830

Year-over-Year Comparison

	2024	2023	Change
Revenue	$234,923	$275,311	-0.1%
Expenses	$220,830	$201,028	+0.1%
Net Income	$14,093	$74,283	-0.8%

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

250

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
COLBY BUCHANAN	CO-TREASURER	2.00	Officer Director	$0	$0	$0
RENEE ELROD	CO-TREASURER	2.00	Officer Director	$0	$0	$0
JOSH ENGLISH	PRESIDENT	2.00	Officer Director	$0	$0	$0
VICKI GUNNING	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
GERALDINE LAMB	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
PAULA ROBERTS	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JOHN CONNET	OFFICER	1.00	Officer	$0	$0	$0
MIKE ELROD	OFFICER	1.00	Officer	$0	$0	$0
JOHN SHEPHERD	OFFICER	1.00	Officer	$0	$0	$0
MARK SHEPHERD	OFFICER	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	$234,923	$220,830	$367,264	$14,093
2023	$275,311	$201,028	$346,786	$74,283
2022	$210,350	$197,746	$270,660	$12,604
2021	$202,716	$176,192	$268,149	$26,524
2020	$15,580	$101,261	$243,619	$-85,681
2020	$15,580	$117,002	$244,800	$-101,422
2019	$223,195	$215,319	$331,022	$7,876
2018	$234,964	$215,031	$316,956	$19,933

NORTH CAROLINA APPLE FESTIVAL INC