THE SEQUOYAH FUND INC

EIN: 311619784 501(c)(3) Community Improvement

CHEROKEE, NC

Total Revenue
$4,920,415
Total Expenses
$1,598,257
Total Assets
$14,705,671
Net Assets
$13,715,063
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NC
Principal Officer
RAY ROSE
Phone
8283595003
Tax Period
2024-01-01 to 2024-12-31

THE SEQUOYAH FUND INC, founded in 1998, is a community nonprofit in the Community Improvement sector that reported $4.9M in total revenue in fiscal year 2024. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.3M, a strong 68% operating margin.

Mission

THE ORGANIZATION SERVES ECONOMIC AND SOCIAL IMPROVEMENT OF THE EASTERN BAND OF CHEROKEE INDIANS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,289,683
Program Service Revenue $578,210
Investment Income $39,039
Other Revenue $13,483
TOTAL REVENUE $4,920,415

Expense Breakdown

Grants Paid $6,855
Salaries & Benefits $1,016,543
Fundraising Expenses $0
Program Expenses $1,268,379
Other Expenses $574,859
TOTAL EXPENSES $1,598,257

Year-over-Year Comparison

2024 2023 Change
Revenue $4,920,415 $2,636,239 +0.9%
Expenses $1,598,257 $1,747,904 -0.1%
Net Income $3,322,158 $888,335 +2.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
10
Volunteers
2

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
7
$435,198
Total Directors
10
$58,696
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAY ROSE PRESIDENT 1.00
Officer Director
$6,600 $0 $6,600
THOMAS WADE VICE PRESIDE 1.00
Officer Director
$6,100 $0 $6,100
GARRETT LANE TREASURER 1.00
Officer Director
$6,600 $0 $6,600
TONYA CARROLL SECRETARY 1.00
Officer Director
$0 $0 $0
MEGAN BROWN BOARD MEMBER 1.00
Director
$6,000 $0 $6,000
BONNIE CLAXTON BOARD MEMBER 1.00
Director
$5,041 $0 $5,041
KEYONNA HORNBUCKLE BOARD MEMBER 1.00
Director
$5,500 $0 $5,500
MAGGIE JACKSON BOARD MEMBER 1.00
Director
$6,000 $0 $6,000
JULIE E PAINTER BOARD MEMBER 1.00
Director
$12,355 $0 $12,355
M EDDIE SWIMMER PRESIDENT 1.00
Director
$4,500 $0 $4,500
RUSS SEAGLE EXECUTIVE DI 40.00
Officer
$152,125 $30,519 $182,644
ASHFORD SMITH CFO 40.00
Officer
$90,488 $17,200 $107,688
AMBER H HUSKEY COO 40.00
Officer
$106,011 $19,555 $125,566
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 $4,920,415 $1,598,257 $14,705,671 $3,322,158
2023 $2,636,239 $1,747,904 $11,495,161 $888,335
2022 $1,001,520 $1,580,932 $10,921,580 $-579,412
2021 $2,285,697 $787,716 $11,859,875 $1,497,981
2020 $2,512,849 $1,061,720 $9,594,111 $1,451,129
2019 $1,776,825 $954,225 $8,029,861 $822,600
2018 $1,575,379 $931,510 $7,251,217 $643,869
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