Advance North Carolina Inc (EIN 472740671) - 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

2014

Legal Domicile

Principal Officer

Marcus Bass

Phone

9198234900

Tax Period

2023-01-01 to 2023-12-31

Advance North Carolina Inc, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $313K, a strong 20% operating margin.

Mission

To build political and economic power in Black communities and institutions 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 (2023)

Revenue Breakdown

Contributions & Grants $1,569,099

Program Service Revenue $0

Investment Income $11,507

Other Revenue $0

TOTAL REVENUE $1,580,606

Expense Breakdown

Grants Paid $0

Salaries & Benefits $489,892

Fundraising Expenses $87,719

Program Expenses $621,646

Other Expenses $777,518

TOTAL EXPENSES $1,267,410

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,580,606	$1,758,556	-0.1%
Expenses	$1,267,410	$1,978,388	-0.4%
Net Income	$313,196	$-219,832	-2.4%

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

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

$69,205

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Courtney Crowder	Board Chairman	1.00	Director	$0	$0	$0
Sonia Barnes	Board Member	0.50	Director	$0	$0	$0
Conen Morgan	Board Member	0.50	Director	$0	$0	$0
Viola Harris	Board Member	0.50	Director	$0	$0	$0
Moses Mathews	Board Member	0.50	Director	$0	$0	$0
Kara Hollingsworth	Board Member	0.50	Director	$0	$0	$0
Erin Byrd	Board Member	0.50	Director	$0	$0	$0
Marcus Bass	Executive Director	40.00	Officer	$69,205	$0	$69,205

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	$1,580,606	$1,267,410	$2,896,363	$313,196
2022	$1,758,556	$1,978,388	$2,651,578	$-219,832
2021	$822,828	$948,089	$1,914,392	$-125,261
2020	$3,386,511	$1,741,344	$2,127,978	$1,645,167
2019	$561,341	$356,626	$364,070	$204,715
2018	$423,848	$373,838	$156,934	$50,010

Advance North Carolina Inc