OPERATION NORTH STATE INC (EIN 273851623) - 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

2010

Legal Domicile

Principal Officer

TERRY SNYDER

Phone

3367645967

Tax Period

2024-07-01 to 2025-06-30

OPERATION NORTH STATE INC, founded in 2010, is a small nonprofit in the Human Services sector that reported $833K in total revenue in fiscal year 2024. Revenue surged 110% from the prior year, signaling strong growth momentum. Expenses of $724K left a modest 13% surplus.

Mission

OPERATION NORTH STATE UTILIZES NORTH CAROLINA'S PEOPLE, PLACES, PRODUCTS AND PRIDE TO SHOW SUPPORT FOR NORTH CAROLINA'S DEPLOYED TROOPS AND VETERANS IN NEED. THE TWO SIGNATURE PROGRAMS ARE OUR NCCARES CHRISTMAS BOX PROJECT AND TOP SHELF FISHIN' FESTIVALS.

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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 $804,883

Program Service Revenue $0

Investment Income $28,202

Other Revenue $0

TOTAL REVENUE $833,085

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $723,769

Other Expenses $723,769

TOTAL EXPENSES $723,769

Year-over-Year Comparison

	2024	2023	Change
Revenue	$833,085	$396,896	+1.1%
Expenses	$723,769	$346,843	+1.1%
Net Income	$109,316	$50,053	+1.2%

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

644

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
TERRY SNYDER	CHAIRMAN	40.00	Officer Director	$0	$0	$0
CHARLIE SMITH	DIRECTOR	2.00	Director	$0	$0	$0
MEREDITH WALSER	DIRECTOR	5.00	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
2025	$833,085	$723,769	$897,279	$109,316
2024	$396,896	$346,843	$787,963	$50,053
2023	$926,605	$475,387	$754,460	$451,218
2022	$807,665	$650,745	$303,242	$156,920
2021	$455,998	$422,965	$146,322	$33,033
2020	$278,783	$307,644	$113,289	$-28,861
2019	$684,970	$653,500	$142,150	$31,470

OPERATION NORTH STATE INC