NORTH CAROLINA ASSOCIATION OF NURS… - 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

1971

Legal Domicile

Principal Officer

ELENA MEADOWS

Phone

9197795709

Tax Period

2022-07-01 to 2023-06-30

NORTH CAROLINA ASSOCIATION OF NURSE ANESTHETISTS, founded in 1971, is a small nonprofit that reported $923K in total revenue in fiscal year 2022. Revenue surged 63% from the prior year, signaling strong growth momentum. Expenses of $839K left a modest 9% surplus.

Mission

PROFESSIONAL ORGANIZATION

Program Service Accomplishments

Program 1

Expenses: $272,871

AWWARENESS OF LEGAL AND LEGISLATIVE ISSUES ASSISTS THE ASSOCIATIONIN MAINTAINING THE PRESITGE OF THE PROFESSION.

Program 2

Expenses: $209,960 Revenue: $278,159

MEETINGS PROVIDE MEMBERS WITH COST EFFECTIVE CONTINUING EDUCATION. CERTAIN MANDATORY PROFESSIONAL EDUCATION REQUREMENTS MUST BE MET BY MEMBERS.

Program 3

Expenses: $6,000

GRANTS AND SCHOLARSHIPS ARE DESIGNED TO ASSIST DEEMED INDIVIDUALS AND ORGANIZATIONS WITH COSTS RELATED TO THE EDUCATION AND PROMOTION OF THE PROFESSION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $887,549

Investment Income $30,351

Other Revenue $4,758

TOTAL REVENUE $922,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $488,831

Other Expenses $838,559

TOTAL EXPENSES $838,559

Year-over-Year Comparison

	2022	2021	Change
Revenue	$922,658	$567,568	+0.6%
Expenses	$838,559	$715,006	+0.2%
Net Income	$84,099	$-147,438	-1.6%

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

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
SHERRY BERNARDO	President	2.00	Officer Director	$0	$0	$0
STACY YANCEY	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
ELENA MEADOWS	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
MEGAN CONNER	Vice President	2.00	Officer Director	$0	$0	$0
ROBERT MATTHEWS	Treasurer	2.00	Officer Director	$0	$0	$0
KIM RYBAK	Secretary	2.00	Officer Director	$0	$0	$0
KASEY MORGAN	Director	1.00	Director	$0	$0	$0
CAROLINE KILLMON	Director	1.00	Director	$0	$0	$0
TARA SHUMARD	Director	1.00	Director	$0	$0	$0
IAN HEWER	Director	1.00	Director	$0	$0	$0
TYLER WEBER	Director	1.00	Director	$0	$0	$0
LAURA KRAHE ANDREWS	Director	1.00	Director	$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	$922,658	$838,559	$1,512,092	$84,099
2022	$567,568	$715,006	$1,426,282	$-147,438
2021	$977,250	$573,458	$1,572,880	$403,792
2020	$753,120	$653,080	$1,169,088	$100,040
2019	$782,703	$672,978	$1,119,879	$109,725
2018	$740,426	$750,418	$991,449	$-9,992

NORTH CAROLINA ASSOCIATION OF NURSE ANESTHETISTS