NC STATE NBHA CORP (EIN 301294918) - 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

2022

Legal Domicile

Phone

9107056900

Tax Period

2024-01-01 to 2024-12-31

NC STATE NBHA CORP, founded in 2022, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $191K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $62K, a strong 32% operating margin.

Mission

TO OFFER OUR MEMBERS BARREL RACES THAT ARE GOVERNED UNDER THE RULES AND GUIDELINES OF THE NATIONAL BARREL HORSE ASSOCIATION. WE OFFER OUR MEMBERS ORGANIZED SHOWS, FUN CLASSES, COMPETITIVE DIVISIONS AND GREAT PLACES TO BARREL RACE.

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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 $0

Program Service Revenue $190,904

Investment Income $0

Other Revenue $0

TOTAL REVENUE $190,904

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $129,382

Other Expenses $129,382

TOTAL EXPENSES $129,382

Year-over-Year Comparison

	2024	2023	Change
Revenue	$190,904	$160,990	+0.2%
Expenses	$129,382	$125,009	+0.0%
Net Income	$61,522	$35,981	+0.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN HILL	PRESIDENT	0.00	Officer	$0	$0	$0
PATTY NUNNERY	SECRETARY	0.00	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
2025	No data	No data	No data	No data
2024	$190,904	$129,382	$134,750	$61,522
2023	$160,990	$125,009	$73,228	$35,981
2022	$134,631	$97,384	$37,247	$37,247

NC STATE NBHA CORP