IMAGINE NORTH CAROLINA FIRST (EIN 464006055) - 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

Russ Swindell

Phone

9196791776

Tax Period

2022-01-01 to 2022-12-31

IMAGINE NORTH CAROLINA FIRST, founded in 2013, is a community nonprofit in the Social Science sector that reported $6.1M in total revenue in fiscal year 2022. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $7.6M exceeded revenue, resulting in a 24% operating deficit.

Mission

Imagine North Carolina First initiates, cultivates, and funds strategic efforts to promote economic opportunity, quality of life, government accountability, and civic participation among under served communities in NC. Its primary mission is to foster an economy and democracy that works for all NC Citizens.

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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 (2022)

Revenue Breakdown

Contributions & Grants $6,134,509

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,134,509

Expense Breakdown

Grants Paid $7,118,000

Salaries & Benefits $5,563

Fundraising Expenses $43,656

Program Expenses $7,118,000

Other Expenses $479,936

TOTAL EXPENSES $7,603,499

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,134,509	$4,219,239	+0.5%
Expenses	$7,603,499	$3,449,868	+1.2%
Net Income	$-1,468,990	$769,371	-2.9%

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

$5,563

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Russ Swindell	Executive Director	1	Officer	$5,563	$0	$5,563
Nina Szlosberg Landis	Chairperson	0.5	Director	$0	$0	$0
Mary Mountcastle	Board Member	0.5	Director	$0	$0	$0
Kim McGuire	Board Member	0.5	Director	$0	$0	$0
Adam Stein	Board Member	0.5	Director	$0	$0	$0
Joel Fleishman	Board Member	0.5	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
2024	No data	No data	No data	No data
2023	No data	No data	No data	No data
2022	$6,134,509	$7,603,499	$265,231	$-1,468,990
2021	$4,219,239	$3,449,868	$1,746,999	$769,371
2020	$4,503,438	$5,579,761	$965,128	$-1,076,323

IMAGINE NORTH CAROLINA FIRST