NEW BERN PRESERVATION FOUNDATION INC

EIN: 237376105 501(c)(3)

NEW BERN, NC

Total Revenue
$114,915
Total Expenses
$179,429
Total Assets
$1,014,707
Net Assets
$714,707
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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
1972
Legal Domicile
NC
Principal Officer
CHARLES BENSON
Phone
2526336448
Tax Period
2023-09-01 to 2024-08-31

NEW BERN PRESERVATION FOUNDATION INC, founded in 1972, is a small nonprofit that reported $115K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $179K exceeded revenue, resulting in a 56% operating deficit.

Mission

THE NEW BERN PRESERVATION FOUNDATION'S PRIMARY MISSION IS TO SAVE HISTORIC PROPERTIES IN AND AROUND THE NEW BERN AREA.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $106,660
Program Service Revenue $0
Investment Income $1,503
Other Revenue $6,752
TOTAL REVENUE $114,915

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,118
Fundraising Expenses $730
Program Expenses $168,342
Other Expenses $175,311
TOTAL EXPENSES $179,429

Year-over-Year Comparison

2023 2022 Change
Revenue $114,915 $184,727 -0.4%
Expenses $179,429 $119,402 +0.5%
Net Income $-64,514 $65,325 -2.0%
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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
N/A

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
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CATHY ALIX BOARD MEMBER N/A
Director
$0 $0 $0
JOHN BARNES BOARD MEMBER N/A
Director
$0 $0 $0
MOLLIE BATES BOARD MEMBER N/A
Director
$0 $0 $0
JOE ELLIOTT BOARD MEMBER N/A
Director
$0 $0 $0
TRIPP EURE BOARD MEMBER N/A
Director
$0 $0 $0
MAURICE HOWLAND BOARD MEMBER N/A
Director
$0 $0 $0
CYNDI PAPIA BOARD MEMBER N/A
Director
$0 $0 $0
GREGORY RUSH BOARD MEMBER N/A
Director
$0 $0 $0
LISA SETLIFF BOARD MEMBER N/A
Director
$0 $0 $0
TIM THOMPSON BOARD MEMBER N/A
Director
$0 $0 $0
JOHN YOUNG BOARD MEMBER N/A
Director
$0 $0 $0
CHARLES BENSON TREASURER N/A
Officer
$0 $0 $0
GEORGE BRAKE CHAIRMAN N/A
Officer
$0 $0 $0
HEATHER GREENLAW VICE PRESIDE N/A
Officer
$0 $0 $0
LEEANN MACCABE SECRETARY N/A
Officer
$0 $0 $0
RICHARD PARSONS PRESIDENT N/A
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 $114,915 $179,429 $1,014,707 $-64,514
2023 $184,727 $119,402 $758,598 $65,325
2022 $108,590 $91,405 $668,901 $17,185
2021 $101,356 $81,878 $694,721 $19,478
2020 $303,539 $190,946 $628,171 $112,593
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