CAROLINA COMMON ENTERPRISE (EIN 460568407) - 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

2012

Legal Domicile

Principal Officer

THOMAS BECKETT

Phone

9192469929

Tax Period

2023-01-01 to 2023-12-31

CAROLINA COMMON ENTERPRISE, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $316K in total revenue in fiscal year 2023. Expenses of $373K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO ASSIST INDIVIDUALS AND COMMUNITIES, PARTICULARLY THOSE IN LOW-INCOME AND SOCIALLY DISADVANTAGED AREAS, IN THE CREATION, EXPANSION, AND IMPROVEMENT OF RURAL AND COMMUNITY-BASED ENTERPRISES, PARTICULARLY THOSE THAT ARE COOPERATIVELY OR MUTUALLY OWNED AND GOVERNED.

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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 $246,233

Program Service Revenue $64,614

Investment Income $216

Other Revenue $5,361

TOTAL REVENUE $316,424

Expense Breakdown

Grants Paid $300

Salaries & Benefits $295,873

Fundraising Expenses $46,957

Program Expenses $232,099

Other Expenses $76,586

TOTAL EXPENSES $372,759

Year-over-Year Comparison

	2023	2022	Change
Revenue	$316,424	$317,106	0.0%
Expenses	$372,759	$389,089	0.0%
Net Income	$-56,335	$-71,983	-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

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

$85,821

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE CLAIRE BROUGHTON	DIRECTOR	1.00	Director	$0	$0	$0
EMILY NAIL	DIRECTOR	1.00	Director	$0	$0	$0
BECKY BOWEN	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SPINK	DIRECTOR	1.00	Director	$0	$0	$0
NICOLLE VILLANO	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS BECKETT	EXECUTIVE DIRECTOR	40.00	Officer	$85,821	$0	$85,821

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	$316,424	$372,759	$394,571	$-56,335
2022	$317,106	$389,089	$300,917	$-71,983
2021	$386,090	$416,569	$153,042	$-30,479
2020	$283,199	$308,209	$175,434	$-25,010
2019	$300,219	$294,064	$13,817	$6,155
2018	$253,377	$264,824	$20,968	$-11,447

CAROLINA COMMON ENTERPRISE