GFWC OF NORTH CAROLINA INC

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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

1902

Legal Domicile

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

THE GFWC OF NORTH CAROLINA IS A MEMBER OF THE GENERAL FEDERATION OF WOMEN'S CLUBS AND ITS PURPOSE IS TO UNITE MEMBER CLUBS INTO A STATEWIDE CHARITABLE ORGANIZATION OF VOLUNTEERS FOR THE PROMOTION OF EDUCATION, COMMUNITY SERVICE, FELLOWSHIP, AND LEADERSHIP DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $179,226 Revenue: $71,506

EFFORTS TOWARD COORDINATING THE STATE'S WOMEN'S CLUBS INCLUDING MEETINGS, CONVENTION EXPENDITURES, MAGAZINE COSTS, AND PROMOTING COMMUNITY SERVICE PROGRAMS THROUGH ARTS & CULTURE, CIVIC ENGAGEMENT...

EFFORTS TOWARD COORDINATING THE STATE'S WOMEN'S CLUBS INCLUDING MEETINGS, CONVENTION EXPENDITURES, MAGAZINE COSTS, AND PROMOTING COMMUNITY SERVICE PROGRAMS THROUGH ARTS & CULTURE, CIVIC ENGAGEMENT, EDUCATION & LIBRARIES, ENVIRONMENT, AND HEALTH & WELLNESS.

Program 2

Expenses: $19,862

SCHOLARSHIPS: SALLIE SOUTHALL COTTEN IS A FOUR YEAR ANNUAL SCHOLARSHIP GIVEN TO AN ACADEMIC AND WELL-ROUNDED STUDENT. COMPETITION IS BASED ON THE NINE DISTRICT WINNERS WHICH ARE ALL INTERVIEWED AND JUDGED ANNUALLY IN THE SPRING. THE GFWC-NC GREESON-JOHNSON TEACHING SCHOLARSHIP IS A $2,000 SCHOLARSHIP AWARDED ANNUALLY AT APPALACHIAN STATE UNIVERSITY TO A JUNIOR OR SENIOR STUDENT FROM NORTH CAROLINA WHO IS ENROLLED IN THE TEACHER EDUCATION PROGRAM WITHIN THE REICH COLLEGE OF EDUCATION.

Program 3

Expenses: $15,764

ARTS FESTIVAL: HELD ANNUALLY, IT IS A CELEBRATION OF THE ARTS WHICH IS NEARLY AS OLD AS OUR ORGANIZATION. COMPETITION AND VARIOUS MEDIUMS BASED ON DISTRICT WINNERS ARE HELD FOR BOTH CLUBWOMEN AND...

ARTS FESTIVAL: HELD ANNUALLY, IT IS A CELEBRATION OF THE ARTS WHICH IS NEARLY AS OLD AS OUR ORGANIZATION. COMPETITION AND VARIOUS MEDIUMS BASED ON DISTRICT WINNERS ARE HELD FOR BOTH CLUBWOMEN AND STUDENTS. STUDENT WINNERS RECEIVE SCHOLARSHIPS. THE ONE DAY EVENT IS HELD AT THE COMMUNITY CENTER IN MEBANE, NC. WINNERS ARE FROM THE ENTIRE STATE AND IT IS ADVERTISED IN OUR GFWC-NC ADMINISTRATION BOOK WHICH LOCAL CLUBS SHARE WITH THEIR AREA SCHOOLS.

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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 (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

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

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

$35,206

Total Directors

Key Employees

Highest Compensated

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