NC STATE INVESTMENT FUND INC (EIN 311607634) - 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

1998

Legal Domicile

Principal Officer

DANA R HARRIS

Phone

9195137149

Tax Period

2024-07-01 to 2025-06-30

NC STATE INVESTMENT FUND INC, founded in 1998, is a major nonprofit in the Education sector that reported $304.3M in total revenue in fiscal year 2024. Revenue surged 106% from the prior year, signaling strong growth momentum. The organization ran a surplus of $209.0M, a strong 69% operating margin.

Mission

THE ORGANIZATION SUPPORTS NORTH CAROLINA STATE UNIVERSITY BY OPERATING AN INVESTMENT FUND.

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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 $192,799,843

Investment Income $111,533,185

Other Revenue $0

TOTAL REVENUE $304,333,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $84,876,048

Other Expenses $95,312,089

TOTAL EXPENSES $95,312,089

Year-over-Year Comparison

	2024	2023	Change
Revenue	$304,333,028	$147,809,744	+1.1%
Expenses	$95,312,089	$81,467,353	+0.2%
Net Income	$209,020,939	$66,342,391	+2.2%

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

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

$3,285,396

Total Directors

$3,766,391

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
W RANDOLPH WOODSON	CHANCELLOR	1.00	Officer Director	$0	$94,414	$1,176,904
BRIAN SISCHO	VICE CHANCELLOR	1.00	Officer Director	$0	$56,706	$950,765
CHARLES MAIMONE	TREASURER	1.00	Officer Director	$0	$112,636	$538,936
DANA HARRIS	ASSISTANT TREASURER	1.00	Officer Director	$0	$79,282	$369,572
ERIN DELEHANTY	SECRETARY	1.00	Officer Director	$0	$55,581	$249,219
FRANK BUCKLESS	DIRECTOR	1.00	Director	$0	$63,062	$480,995
DERICK CLOSE	CHAIR	1.00	Officer Director	$0	$0	$0
MIKE LAWRENCE	DIRECTOR	1.00	Director	$0	$0	$0
HANS WARREN	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE HOLMES	DIRECTOR	1.00	Director	$0	$0	$0
PAULA WOODALL	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA DUHON	DIRECTOR	1.00	Director	$0	$0	$0
BILL TRENT	DIRECTOR	1.00	Director	$0	$0	$0
BLAS ARROYO	DIRECTOR	1.00	Director	$0	$0	$0
WES COVELL	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH COOLEY	DIRECTOR	1.00	Director	$0	$0	$0
NANCY WEBSTER	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
2025	$304,333,028	$95,312,089	$2,510,907,202	$209,020,939
2024	$147,809,744	$81,467,353	$2,177,135,434	$66,342,391
2023	$192,914,509	$79,542,174	$1,982,712,995	$113,372,335
2022	$166,344,497	$69,837,460	$1,930,063,391	$96,507,037
2021	$187,846,779	$61,282,182	$1,829,305,242	$126,564,597
2020	$72,517,372	$59,607,394	$1,277,987,655	$12,909,978
2019	$60,750,072	$55,494,685	$1,262,554,074	$5,255,387
2018	$85,161,009	$43,275,277	$1,193,587,474	$41,885,732

NC STATE INVESTMENT FUND INC