NORTH CAROLINA SELF STORAGE ASSOC (EIN 550815449) - 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

2003

Legal Domicile

Principal Officer

DEREK KNIGHTS

Phone

9199004864

Tax Period

2025-01-01 to 2025-12-31

NORTH CAROLINA SELF STORAGE ASSOC, founded in 2003, is a small nonprofit that reported $314K in total revenue in fiscal year 2025. Revenue decreased 7% compared to the prior year. Expenses of $299K left a modest 5% surplus.

Mission

PROMOTE COMMON BUSINESS INTEREST

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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 (2025)

Revenue Breakdown

Contributions & Grants $755

Program Service Revenue $304,185

Investment Income $9,249

Other Revenue $0

TOTAL REVENUE $314,189

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $298,746

TOTAL EXPENSES $298,746

Year-over-Year Comparison

	2025	2024	Change
Revenue	$314,189	$339,280	-0.1%
Expenses	$298,746	$310,903	0.0%
Net Income	$15,443	$28,377	-0.5%

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
MINDY HART	PAST PRESIDENT	1.00	Officer	$0	$0	$0
MARTHA HEATH	DIRECTOR	1.00	Officer	$0	$0	$0
CINDY ASHBY	TREASURER	1.00	Officer	$0	$0	$0
TOMMY NGUYEN	DIRECTOR	1.00	Officer	$0	$0	$0
DEMARCO SOUTHERLAND	VICE PRESIDENT	1.00	Officer	$0	$0	$0
MIKE MACMANUS	DIRECTOR (P)	1.00	Officer	$0	$0	$0
LYNN SYKES	PRESIDENT	1.00	Officer	$0	$0	$0
TRIPP MCLEAN	DIRECTOR	1.00	Officer	$0	$0	$0
TANA BRYANT	SECRETARY	1.00	Officer	$0	$0	$0
WILL MASSEY	DIRECTOR (P)	1.00	Officer	$0	$0	$0
GREG COCHRAN	DIRECTOR	1.00	Officer	$0	$0	$0
HAL TANNER	DIRECTOR	1.00	Officer	$0	$0	$0
ROBERT HIGH	DIRECTOR	1.00	Officer	$0	$0	$0
KEVIN LEEBRICK	DIRECTOR	1.00	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
2025	$314,189	$298,746	$389,300	$15,443
2024	$339,280	$310,903	$380,047	$28,377
2023	$346,751	$271,666	$389,270	$75,085
2022	$271,613	$245,350	$316,727	$26,263
2018	$200,712	$172,580	$108,088	$28,132

NORTH CAROLINA SELF STORAGE ASSOC