GREATER RALEIGH MERCHANTS ASSOCIATION (EIN 560371023) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1943

Legal Domicile

Principal Officer

JENNIFER MARTIN

Phone

9192563640

Tax Period

2023-01-01 to 2023-12-31

GREATER RALEIGH MERCHANTS ASSOCIATION, founded in 1943, is a small nonprofit that reported $287K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $473K exceeded revenue, resulting in a 65% operating deficit.

Mission

PROMOTION OF RALEIGH AREA BUSINESSES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $95,395

Program Service Revenue $77,554

Investment Income $4,647

Other Revenue $109,310

TOTAL REVENUE $286,906

Expense Breakdown

Grants Paid $1,300

Salaries & Benefits $259,844

Fundraising Expenses $0

Other Expenses $211,856

TOTAL EXPENSES $473,000

Year-over-Year Comparison

	2023	2022	Change
Revenue	$286,906	$683,185	-0.6%
Expenses	$473,000	$422,870	+0.1%
Net Income	$-186,094	$260,315	-1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

250

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

$158,833

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN ADAMS	DIRECTOR	2.00	Director	$0	$0	$0
HOLLY CONNELL TEHAN	SECRETARY	2.00	Officer Director	$0	$0	$0
CYDNEY DAVIS ENGLISH	DIRECTOR	2.00	Director	$0	$0	$0
PAT DICKENSON	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN DIDIANO	PRESIDENT	2.00	Officer Director	$0	$0	$0
KESHA DOZIER	DIRECTOR	2.00	Director	$0	$0	$0
CHERYL FRASER	DIRECTOR	2.00	Director	$0	$0	$0
PAUL LAUGHTER	TREASURER	2.00	Officer Director	$0	$0	$0
SUNNY MILLER	DIRECTOR	2.00	Director	$0	$0	$0
SHARON MOE	DIRECTOR	2.00	Director	$0	$0	$0
JOHN ODOM	DIRECTOR	2.00	Director	$0	$0	$0
JASON PFISTER	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER B MARTIN	EXECUTIVE DIRECTOR	40.00	Officer	$158,833	$0	$158,833

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	$286,906	$473,000	$685,579	$-186,094
2022	$683,185	$422,870	$884,898	$260,315
2021	$306,539	$328,898	$614,372	$-22,359
2020	$181,227	$293,499	$633,117	$-112,272
2019	$593,661	$289,220	$745,960	$304,441
2018	$415,447	$269,950	$442,398	$145,497

GREATER RALEIGH MERCHANTS ASSOCIATION