Make North Carolina First (EIN 463981642) - 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

Michael Weisel

Phone

9196791776

Tax Period

2023-09-01 to 2024-08-31

Make North Carolina First, founded in 2013, is a mid-sized nonprofit that reported $13.3M in total revenue in fiscal year 2023. Revenue surged 360% from the prior year, signaling strong growth momentum. Expenses of $12.8M left a modest 4% surplus.

Mission

Make North Carolina First conducts research, sponsors educational activities and events, and disseminates accurate and timely information to promote the general public's understanding of ways to maintain and improve North Carolina's common good, quality of life and social welfare.

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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 $13,275,871

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $13,275,871

Expense Breakdown

Grants Paid $11,782,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,149,879

Other Expenses $998,544

TOTAL EXPENSES $12,781,044

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,275,871	$2,884,143	+3.6%
Expenses	$12,781,044	$2,891,849	+3.4%
Net Income	$494,827	$-7,706	-65.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adam Abram	Chairperson	1	Director	$0	$0	$0
Dean Debnam	Board Member	1	Director	$0	$0	$0
Jay Reiff	Board Member	1	Director	$0	$0	$0
Michael L Weisel	General Counsel, Secretary, Treasurer	1	Officer	$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	$13,275,871	$12,781,044	$822,814	$494,827
2023	$2,884,143	$2,891,849	$327,987	$-7,706
2022	$2,435,370	$2,666,928	$335,693	$-231,558
2021	$2,002,539	$2,056,166	$567,251	$-53,627
2020	$6,436,212	$6,134,332	$620,878	$301,880

Make North Carolina First