WIRELESS RESEARCH CENTER OF NORTH CAROLINA

EIN: 273397703 501(c)(3) Science & Technology

Wake Forest, NC

Total Revenue
$3,742,198
Total Expenses
$3,692,864
Total Assets
$730,873
Net Assets
$-1,209,250
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NC
Principal Officer
Gerard Hayes
Phone
9199000603
Tax Period
2023-10-01 to 2024-09-30

WIRELESS RESEARCH CENTER OF NORTH CAROLINA, founded in 2010, is a community nonprofit in the Science & Technology sector that reported $3.7M in total revenue in fiscal year 2023.

Mission

The Wireless Research Center is an independent, private nonprofit research center dedicated to applied research and engineering. Located in North Carolina's Research Triangle region, the WRC helps clients from around the world develop products and services that advance wireless technology innovation. The WRC fosters global collaboration among companies, industry groups, academic institutions and other research organizations.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,058,181
Program Service Revenue $2,549,914
Investment Income $0
Other Revenue $134,103
TOTAL REVENUE $3,742,198

Expense Breakdown

Grants Paid $15,175
Salaries & Benefits $2,602,001
Fundraising Expenses $34,480
Program Expenses $2,940,660
Other Expenses $1,075,688
TOTAL EXPENSES $3,692,864

Year-over-Year Comparison

2023 2022 Change
Revenue $3,742,198 $3,611,103 +0.0%
Expenses $3,692,864 $4,330,465 -0.1%
Net Income $49,334 $-719,362 -1.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
28
Volunteers
5

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
4
$257,498
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gerard Hayes President 50
Officer Highest
$237,328 $20,170 $257,498
Phillip Emer Board member 1
Director
$0 $0 $0
Robert White Board Member 1
Director
$0 $0 $0
Neal Ellis Secretary 1
Officer Director
$0 $0 $0
Joseph Murray Chair 2
Officer Director
$0 $0 $0
Vivian Jones Vice Chair 1
Officer 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 $3,742,198 $3,692,864 $730,873 $49,334
2023 $3,611,103 $4,330,465 $876,940 $-719,362
2022 $4,294,813 $4,848,816 $1,485,451 $-554,003
2021 $4,143,333 $4,118,299 $2,680,881 $25,034
2020 $2,782,866 $3,244,621 $2,592,691 $-461,755
2019 $2,863,844 $2,811,111 $2,511,644 $52,733
2018 $2,583,394 $2,288,172 $2,438,966 $295,222
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare WIRELESS RESEARCH CENTER OF NORTH CAROLINA with other nonprofits in North Carolina and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.