NORTH CAROLINA ONCOLOGY ASSOCIATION (EIN 260085378) - 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

1993

Legal Domicile

Principal Officer

DANIEL R CARRIZOSA

Phone

3019849496

Tax Period

2024-01-01 to 2024-12-31

NORTH CAROLINA ONCOLOGY ASSOCIATION, founded in 1993, is a small nonprofit in the Community Improvement sector that reported $529K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $488K left a modest 8% surplus.

Mission

SEE PART III LINE 1.

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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 $466,000

Program Service Revenue $53,660

Investment Income $9,060

Other Revenue $0

TOTAL REVENUE $528,720

Expense Breakdown

Grants Paid $4,300

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $483,306

TOTAL EXPENSES $487,606

Year-over-Year Comparison

	2024	2023	Change
Revenue	$528,720	$427,804	+0.2%
Expenses	$487,606	$372,729	+0.3%
Net Income	$41,114	$55,075	-0.3%

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
DANIEL R CARRIZOSA	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARTIN PALMERI	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
MOHAMED MOHAMED	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
SIDDHARTH SHETH	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JIMMY RUIZ	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
NASFAT SHEHADEH	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
MAVHISH MUZAFFAR	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
JUSTIN P FAVARO	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
AZKA TASLEEM	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
KEITH A LERRO	MEMBER-AT-LARGE	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	$528,720	$487,606	$911,086	$41,114
2023	$427,804	$372,729	$730,636	$55,075
2022	$399,634	$332,826	$562,482	$66,808
2021	$240,222	$194,503	$507,223	$45,719
2020	$233,046	$220,145	$461,748	$12,901
2019	$267,276	$260,629	$423,258	$6,647
2018	$242,726	$267,352	$413,676	$-24,626

NORTH CAROLINA ONCOLOGY ASSOCIATION