NORTH CAROLINAS EASTERN ALLIANCE CORPORATION (EIN 510422797) - 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

2001

Legal Domicile

Principal Officer

VANN ROGERSON

Phone

2524824333

Tax Period

2022-07-01 to 2023-06-30

NORTH CAROLINAS EASTERN ALLIANCE CORPORATION, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $270K in total revenue in fiscal year 2022. Revenue surged 602% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE AND ENCOURAGE ECONOMIC DEVELOPMENT WITHIN EASTERN NORTH CAROLINA BY FOSTERING DEVELOPMENT PROJECTS TO PROVIDE LAND, BUILDINGS, FACILITIES, PROGRAMS, INFORMATION AND DATA SYSTEMS, AND INFRASTRUCTURE REQUIREMENTS FOR BUSINESS AND INDUSTRY WITHIN EASTERN 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 (2022)

Revenue Breakdown

Contributions & Grants $269,297

Program Service Revenue $0

Investment Income $0

Other Revenue $822

TOTAL REVENUE $270,119

Expense Breakdown

Grants Paid $250,000

Salaries & Benefits $3,249

Fundraising Expenses $0

Program Expenses $259,477

Other Expenses $9,852

TOTAL EXPENSES $263,101

Year-over-Year Comparison

	2022	2021	Change
Revenue	$270,119	$38,494	+6.0%
Expenses	$263,101	$30,096	+7.7%
Net Income	$7,018	$8,398	-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

N/A

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

$3,000

Total Directors

$3,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VANN ROGERSON	PRESIDENT/CEO	20.00	Officer Director	$3,000	$0	$3,000
TODD EDWARDS	MEMBER	2.00	Director	$0	$0	$0
MARK HAMBLIN	BOARD CHAIR	2.00	Director	$0	$0	$0
RAY MCKEITHAN	MEMBER	2.00	Director	$0	$0	$0
FREEMAN PAYLOR	MEMBER	2.00	Director	$0	$0	$0
BRYAN SMITH	MEMBER	2.00	Director	$0	$0	$0
RONALD VAUGHAN	MEMBER	2.00	Director	$0	$0	$0
MICHAEL WALDRUM	MEMBER	2.00	Director	$0	$0	$0
JERRY JONES	MEMBER	2.00	Director	$0	$0	$0
SHARON PAYNTER	MEMBER	2.00	Director	$0	$0	$0
TONY KHOURY	MEMBER	2.00	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
2023	$270,119	$263,101	$85,333	$7,018
2022	$38,494	$30,096	$63,189	$8,398
2021	$189,636	$306,860	$60,884	$-117,224
2020	$282,890	$478,352	$251,624	$-195,462

NORTH CAROLINAS EASTERN ALLIANCE CORPORATION