DIAPER BANK OF NORTH CAROLINA (EIN 320401621) - 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

2013

Legal Domicile

Principal Officer

MICHELLE OLD

Phone

9198868085

Tax Period

2024-07-01 to 2025-06-30

DIAPER BANK OF NORTH CAROLINA, founded in 2013, is a community nonprofit in the Human Services sector that reported $8.6M in total revenue in fiscal year 2024. Revenue surged 142% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.0M, a strong 46% operating margin.

Mission

DIAPER BANK OF NORTH CAROLINA PROVIDES DIAPERS AND OTHER PERSONAL CARE SUPPLIES TO FAMILIES LIVING IN POVERTY AND RECOVERING FROM NATURAL DISASTERS. IT RECIEVES SUBSTANTIAL DONATIONS OF DIAPERS AND RELATED PRODUCTS

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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 $8,615,940

Program Service Revenue $0

Investment Income $5,763

Other Revenue $0

TOTAL REVENUE $8,621,703

Expense Breakdown

Grants Paid $0

Salaries & Benefits $736,443

Fundraising Expenses $125,076

Program Expenses $4,056,530

Other Expenses $3,908,761

TOTAL EXPENSES $4,645,204

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,621,703	$3,568,146	+1.4%
Expenses	$4,645,204	$3,917,961	+0.2%
Net Income	$3,976,499	$-349,815	-12.4%

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

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
MORGAN MCVANE	AT LARGE MEMBER	2.00	Director	$0	$0	$0
CEDRIC PARKER	AT LARGE MEMBER	2.00	Director	$0	$0	$0
KEVIN KENDRICK	AT LARGE MEMBER	2.00	Director	$0	$0	$0
GINNY BOWMAN	AT LARGE MEMBER	40.00	Director	$0	$0	$0
BRETT BLAIR	VICE-CHAIR	2.00	Officer	$0	$0	$0
MARCY LEMIEUX	TREASURER	2.00	Officer	$0	$0	$0
MICHELLE OLD	EXECUTIVE DIRECTOR	40.00	Officer Highest	$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	$8,621,703	$4,645,204	$8,088,370	$3,976,499
2024	$3,568,146	$3,917,961	$4,567,695	$-349,815
2023	$2,316,866	$2,403,490	$2,766,914	$-86,624
2022	$1,162,374	$1,278,706	$2,810,310	$-116,332
2021	$3,745,490	$2,674,358	$2,927,112	$1,071,132
2020	$2,809,106	$2,766,206	$1,589,449	$42,900
2019	$1,465,938	$1,929,281	$1,455,727	$-463,343
2018	$3,446,693	$3,416,901	$1,920,179	$29,792

DIAPER BANK OF NORTH CAROLINA