Carolinas AGC Inc (EIN 560126510) - 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

1922

Legal Domicile

Principal Officer

David Simpson

Phone

7043721450

Tax Period

2023-01-01 to 2023-12-31

Carolinas AGC Inc, founded in 1922, is a community nonprofit in the Community Improvement sector that reported $4.8M in total revenue in fiscal year 2023. Expenses of $4.4M left a modest 8% surplus.

Mission

BUILDING MEMBERS' BUSINESS THROUGH BUSINESS DEVELOPMENT SERVICES, PROFIT MANAGEMENT AND WORKFORCE DEVELOPMENT.

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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 $28,425

Program Service Revenue $4,517,214

Investment Income $174,833

Other Revenue $75,964

TOTAL REVENUE $4,796,436

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,213,564

Fundraising Expenses $705,370

Other Expenses $2,211,024

TOTAL EXPENSES $4,424,588

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,796,436	$4,562,277	+0.1%
Expenses	$4,424,588	$4,131,379	+0.1%
Net Income	$371,848	$430,898	-0.1%

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

597

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

$352,610

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Simpson	President & CEO	56.00	Officer	$335,000	$17,610	$352,610
Mary Elizabeth Bailey	NC Gov't Relations	40.00		$195,676	$18,717	$214,393
Leslie B Clark	SC Gov't Relations	42.00		$165,568	$21,750	$187,318
Victor Barbour	NC Gov't Relations	30.00		$141,842	$917	$142,759
Cindy Phelps	Dir. of accounting	40.00		$113,950	$19,205	$133,155
Chris Smith	Building Rep.	7.50	Director	$0	$0	$0
Charlie T Wilson III	Imm Past Chair	7.50	Officer Director	$0	$0	$0
Mark Johnnie	Chair	7.50	Officer Director	$0	$0	$0
Ty Edmondson	Treasurer	7.50	Officer Director	$0	$0	$0
Marty McKee	Highway Rep.	7.50	Director	$0	$0	$0
Lynn Hansen	Vice Chair	7.50	Officer Director	$0	$0	$0
Dean Wilson	Chair Elect	7.50	Officer Director	$0	$0	$0
Derrick Morgan	Utility Rep.	7.50	Director	$0	$0	$0
Daniel Poaps	Specialty Rep.	7.50	Director	$0	$0	$0
Geric Potts	Supplier Rep	7.50	Director	$0	$0	$0
Jonathan Bivens	Director	7.50	Director	$0	$0	$0
Beth Muter	Director	7.50	Director	$0	$0	$0
Jim Roberts	Director	7.50	Director	$0	$0	$0
Paul Edwards	Young Leader	7.50	Director	$0	$0	$0
Sherita Evans	Spec/SS Rep	7.50	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	$4,796,436	$4,424,588	$11,132,082	$371,848
2022	$4,562,277	$4,131,379	$10,252,620	$430,898
2021	$4,448,672	$3,470,342	$10,355,199	$978,330
2020	$3,771,244	$2,898,176	$8,761,356	$873,068
2019	$4,756,752	$3,863,977	$7,838,790	$892,775
2018	$4,481,605	$3,625,675	$6,785,040	$855,930

Carolinas AGC Inc