GFWC OF NORTH CAROLINA INC

EIN: 560466492 501(c)(3) Community Improvement

RALEIGH, NC

Total Revenue
$285,627
Total Expenses
$269,960
Total Assets
$1,692,245
Net Assets
$1,655,313
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1902
Legal Domicile
NC
Principal Officer
KAREN THROCKMORTON
Phone
9197908684
Tax Period
2024-07-01 to 2025-06-30

GFWC OF NORTH CAROLINA INC, founded in 1902, is a small nonprofit in the Community Improvement sector that reported $286K in total revenue in fiscal year 2024. Expenses of $270K left a modest 5% surplus.

Mission

TO UNITE MEMBER CLUBS INTO A STATEWIDE CHARITABLE ORGANIZATION OF VOLUNTEERS FOR THE PROMOTION OF EDUCATION, COMMUNITY SERVICE, FELLOWSHIP, AND LEADERSHIP 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $133,993
Program Service Revenue $71,506
Investment Income $82,761
Other Revenue $-2,633
TOTAL REVENUE $285,627

Expense Breakdown

Grants Paid $22,300
Salaries & Benefits $69,789
Fundraising Expenses $7,223
Program Expenses $214,852
Other Expenses $177,871
TOTAL EXPENSES $269,960

Year-over-Year Comparison

2024 2023 Change
Revenue $285,627 $273,677 +0.0%
Expenses $269,960 $242,178 +0.1%
Net Income $15,667 $31,499 -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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
2
Volunteers
11

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
12
$35,206
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN THROCKMORTON PRESIDENT 1.00
Officer Director
$0 $0 $0
CINDY HEWETT PRESIDENT-ELECT 1.00
Officer Director
$0 $0 $0
ASHLEY RAIN 1ST VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
HELEN RICHIE 2ND VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
REBECCA DUFFY 3RD VICE PRESIDENT/DIR. OF JR. CLUBS 1.00
Officer Director
$0 $0 $0
ANGELA RICHARD RECORDING SECRETARY 1.00
Officer Director
$0 $0 $0
ANNE MOELL TREASURER 1.00
Officer Director
$0 $0 $0
BRITTANY MAY DIR.ELECT OF JUNIOR CLUBS 1.00
Officer Director
$0 $0 $0
NICOLE FLEMING DEAN OF JUNIOR PROGRAMS 1.00
Officer Director
$0 $0 $0
RAYSHA CHOMINSKY JUNIOR MEMBERSHIP CHAIR 1.00
Officer Director
$0 $0 $0
MARY FRANCES GOURLEY JUNIOR SECRETARY 1.00
Officer Director
$0 $0 $0
JILL DEDENE EXECUTIVE DIRECTOR 30.00
Officer
$35,206 $0 $35,206
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 $285,627 $269,960 $1,692,245 $15,667
2024 $273,677 $242,178 $1,563,299 $31,499
2023 $164,817 $222,795 $1,439,002 $-57,978
2022 $315,194 $218,384 $1,367,754 $96,810
2021 $246,779 $153,558 $1,595,039 $93,221
2020 $231,310 $161,412 $1,302,185 $69,898
2019 $370,469 $358,164 $1,219,968 $12,305
2018 $320,973 $230,883 $1,199,376 $90,090
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