TAR RIVER LAND CONSERVANCY

EIN: 311742900 501(c)(3) Environment

LOUISBURG, NC

Total Revenue
$2,344,736
Total Expenses
$1,428,234
Total Assets
$27,424,282
Net Assets
$27,350,815
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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
2000
Legal Domicile
NC
Principal Officer
DEREK HALBERG
Phone
9194965902
Tax Period
2024-10-01 to 2025-09-30

TAR RIVER LAND CONSERVANCY, founded in 2000, is a community nonprofit in the Environment sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 93% from the prior year, signaling strong growth momentum. The organization ran a surplus of $917K, a strong 39% operating margin.

Mission

TAR RIVER LAND CONSERVANCY PRESERVES THE NATURAL AND CULTURAL RESOURCES OF THE TAR RIVER BASIN AND SURROUNDING AREAS BY WORKING IN PARTNERSHIP WITH PRIVATE LANDOWNERS, PUBLIC AGENCIES AND OTHERS TO PROTECT RURAL LAND, RIPARIAN CORRIDORS AND ENSURE CLEAN WATER.

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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 $1,848,956
Program Service Revenue $52,566
Investment Income $327,086
Other Revenue $116,128
TOTAL REVENUE $2,344,736

Expense Breakdown

Grants Paid $0
Salaries & Benefits $451,368
Fundraising Expenses $8,015
Program Expenses $1,302,162
Other Expenses $976,866
TOTAL EXPENSES $1,428,234

Year-over-Year Comparison

2024 2023 Change
Revenue $2,344,736 $1,217,967 +0.9%
Expenses $1,428,234 $1,412,022 +0.0%
Net Income $916,502 $-194,055 -5.7%
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

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Governance

Voting Members
10
Independent Members
10
Employees
9
Volunteers
60

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
$150,449
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEREK HALBERG EXECUTIVE DI 40.00
Officer
$146,076 $4,373 $150,449
ANGELA PARKER ALLEN DIRECTOR N/A
Director
$0 $0 $0
ERNIE AVERETT DIRECTOR N/A
Director
$0 $0 $0
TIM BEVACQUA DIRECTOR N/A
Director
$0 $0 $0
TYLER RAY BLACK DIRECTOR N/A
Director
$0 $0 $0
ALVIN BRASWELL VICE PRESIDE N/A
Officer Director
$0 $0 $0
DAVID COBB DIRECTOR N/A
Director
$0 $0 $0
ROBERT COVINGTON PRESIDENT N/A
Officer Director
$0 $0 $0
GARY A HARRIS DIRECTOR N/A
Director
$0 $0 $0
NOLA REED KNOUSE DIRECTOR N/A
Director
$0 $0 $0
BOYD STURGES SECRETARY-TR N/A
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
2025 $2,344,736 $1,428,234 $27,424,282 $916,502
2024 No data No data No data No data
2023 $1,658,598 $801,910 $25,348,404 $856,688
2022 $1,149,745 $679,622 $24,041,368 $470,123
2021 $7,030,370 $508,051 $25,160,810 $6,522,319
2020 $1,980,274 $575,135 $17,861,255 $1,405,139
2019 $9,011,487 $5,327,146 $15,946,624 $3,684,341
2018 $4,126,494 $1,415,957 $12,254,761 $2,710,537
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