NORTH CAROLINA BUSINESS LEADERS FOR EDUC (EIN 462988453) - 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

BRENDA BERG

Phone

9197447447

Tax Period

2024-04-01 to 2025-03-31

NORTH CAROLINA BUSINESS LEADERS FOR EDUC, founded in 2013, is a small nonprofit in the Education sector that reported $936K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

DRAMATICALLY TRANSFORM AND IMPROVE EDUCATION IN NORTH CAROLINA.

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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 $902,003

Program Service Revenue $0

Investment Income $33,997

Other Revenue $0

TOTAL REVENUE $936,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $700,565

Fundraising Expenses $88,355

Program Expenses $784,599

Other Expenses $194,864

TOTAL EXPENSES $955,429

Year-over-Year Comparison

	2024	2023	Change
Revenue	$936,000	$1,204,662	-0.2%
Expenses	$955,429	$880,082	+0.1%
Net Income	$-19,429	$324,580	-1.1%

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

Total Directors

Key Employees

$296,404

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN S NELSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID NEIL	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER MARTINEAU	DIRECTOR	1.00	Director	$0	$0	$0
BOB BARNHILL	DIRECTOR	1.00	Director	$0	$0	$0
J WALTER MCDOWELL III	CHAIRMAN	8.00	Officer Director	$0	$0	$0
SARA SPENCER	DIRECTOR	1.00	Director	$0	$0	$0
WILL SUTTON	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK PURVIS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN R BELK	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS WILLIAM	DIRECTOR	1.00	Director	$0	$0	$0
EASTERN MAYNARD	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA BERG	CEO & DIRECTOR	40.00	Key Emp	$290,592	$5,812	$296,404

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	$936,000	$955,429	$1,580,044	$-19,429
2024	$1,204,662	$880,082	$1,597,960	$324,580
2023	$821,251	$798,220	$1,274,065	$23,031
2022	$899,114	$929,718	$1,247,428	$-30,604
2021	$1,106,060	$847,127	$1,277,991	$258,933
2020	$1,210,937	$1,441,912	$1,018,985	$-230,975
2019	$1,454,049	$801,776	$1,252,282	$652,273
2018	$892,609	$780,106	$599,770	$112,503

NORTH CAROLINA BUSINESS LEADERS FOR EDUC