WOMENS FOUNDATION OF NORTH CAROLINA (EIN 320023631) - 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

2002

Legal Domicile

Principal Officer

MARYLIN RANKIN

Tax Period

2023-01-01 to 2023-12-31

WOMENS FOUNDATION OF NORTH CAROLINA, founded in 2002, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 10448% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 4% surplus.

Mission

WOMEN WORKING TOGETHER TO PROMOTE PHILANTHROPY FOR WOMEN AND GIRLS, IMPROVE WOMENS ECONOMIC VITALITY, DEVELOP AND EXPAND WOMENS LEADERSHIP CAPACITIES, AND FUND PROGRAMS THAT ENABLE WOMEN AND GIRLS TO MAXIMIZE THEIR FULL POTENTIAL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,109,651

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,109,651

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,603

Fundraising Expenses $0

Program Expenses $1,066,318

Other Expenses $958,715

TOTAL EXPENSES $1,066,318

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,109,651	$10,520	+104.5%
Expenses	$1,066,318	$1,300	+819.2%
Net Income	$43,333	$9,220	+3.7%

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

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	Role	Reportable Comp	Other Comp	Total
CONNIE DRAPER	TREASURER	Officer Director	$0	$0	$0
SHANTAL WATKINS	FINANCE COMMITEE CHAIR	Officer Director	$0	$0	$0
JOYCE GIOIA	VICE CHAIRPERSON	Officer Director	$0	$0	$0
MARYLIN RANKIN	CHAIRPERSON	Officer Director	$0	$0	$0
KATHERINE L HARRELSON	SECRETARY	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
2024	No data	No data	No data	No data
2023	$1,109,651	$1,066,318	$52,577	$43,333
2022	$10,520	$1,300	$9,244	$9,220
2021	$455	$925	$24	$-470
2020	$165	$350	$494	$-185
2019	$1,922	$8,197	$680	$-6,275
2018	$18,748	$10,828	$6,955	$7,920

WOMENS FOUNDATION OF NORTH CAROLINA