NORTH CAROLINA STATE BAR FOUNDATION (EIN 452092534) - 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

2009

Legal Domicile

Principal Officer

PETER BOLAC

Phone

9198284620

Tax Period

2025-01-01 to 2025-12-31

NORTH CAROLINA STATE BAR FOUNDATION, founded in 2009, is a small nonprofit in the Crime & Legal sector that reported $127K in total revenue in fiscal year 2025. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $34K, a strong 27% operating margin.

Mission

THE ORGANIZATION'S PRIMARY PURPOSE IS TO ASSIST IN THE MAINTENANCE OF THE NORTH CAROLINA STATE BAR OFFICE BUILDING. THE ORGANIZATION'S SECONDARY PURPOSE IS TO SUPPORT THE ACTIVITIES AND PROGRAMS OF THE NORTH CAROLINA STATE BAR.

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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 (2025)

Revenue Breakdown

Contributions & Grants $3,700

Program Service Revenue $0

Investment Income $123,553

Other Revenue $80

TOTAL REVENUE $127,333

Expense Breakdown

Grants Paid $84,481

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $91,988

Other Expenses $8,510

TOTAL EXPENSES $92,991

Year-over-Year Comparison

	2025	2024	Change
Revenue	$127,333	$107,476	+0.2%
Expenses	$92,991	$78,509	+0.2%
Net Income	$34,342	$28,967	+0.2%

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

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

$253,380

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER BOLAC	EXECUTIVE DI	N/A	Officer	$0	$33,242	$253,380
MARCIA ARMSTRONG	TRUSTEE	N/A	Director	$0	$0	$0
BARBARA CHRISTY	TRUSTEE	N/A	Director	$0	$0	$0
MARGARET M HUNT	TRUSTEE	N/A	Director	$0	$0	$0
KEITH KAPP	CHAIR	N/A	Officer Director	$0	$0	$0
MARK W MERRITT	TRUSTEE	N/A	Director	$0	$0	$0
JOHN M SILVERSTEIN	TRUSTEE	N/A	Director	$0	$0	$0
RONALD G BAKER SR	TRUSTEE	N/A	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	$127,333	$92,991	$1,568,800	$34,342
2024	$107,476	$78,509	$1,515,998	$28,967
2023	$45,805	$72,815	$1,447,361	$-27,010
2022	$2,662	$58,423	$1,327,777	$-55,761
2021	$309,833	$67,607	$1,618,075	$242,226
2020	$1,805	$65,768	$1,485,764	$-63,963
2019	$81,720	$80,770	$1,537,731	$950
2018	$74,978	$67,702	$1,356,197	$7,276

NORTH CAROLINA STATE BAR FOUNDATION