BOY SCOUTS OF AMERICA CENTRAL NC COUNCIL #416 (EIN 560532132) - 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

1940

Legal Domicile

Principal Officer

STUART WILLIAMS

Phone

7049820141

Tax Period

2024-01-01 to 2024-12-31

BOY SCOUTS OF AMERICA CENTRAL NC COUNCIL #416, founded in 1940, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Expenses of $1.9M exceeded revenue, resulting in a 18% operating deficit.

Mission

THE MISSION OF THE BSA IS TO PREPARE YOUNG PEOPLE TO MAKE ETHICAL DECISIONS OVER THEIR LIFETIMES BY INSTILLING IN THEM THE VALUES OF THE SCOUT OATH AND LAW.

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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 $672,421

Program Service Revenue $345,121

Investment Income $78,584

Other Revenue $476,781

TOTAL REVENUE $1,572,907

Expense Breakdown

Grants Paid $0

Salaries & Benefits $814,044

Fundraising Expenses $273,628

Program Expenses $1,478,322

Other Expenses $1,041,230

TOTAL EXPENSES $1,855,274

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,572,907	$1,655,560	0.0%
Expenses	$1,855,274	$1,759,268	+0.1%
Net Income	$-282,367	$-103,708	+1.7%

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

1200

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
JUSTIN FISHER	PRESIDENT	2.00	Officer Director	$0	$0	$0
BOB MCGOWAN	COUNCIL COMMISSIONER	2.00	Officer Director	$0	$0	$0
MARNY HENDRICK	VP COUNCIL RELATIONS	2.00	Officer Director	$0	$0	$0
BOB BRANNAN	VP OF ENDOWMENT	2.00	Officer Director	$0	$0	$0
MICHAEL HANZIK	VP FINANCE	2.00	Officer Director	$0	$0	$0
MIKE KING	VP LEADERSHIP	2.00	Officer Director	$0	$0	$0
KEVIN FULLER	VP OF MEMBERSHIP	2.00	Officer Director	$0	$0	$0
DAN OVERCASH	VP PROGRAM	2.00	Officer Director	$0	$0	$0
DAVID GORDON	TREASURER	2.00	Officer Director	$0	$0	$0
TODD PHILIPS	LEGAL COUNSEL	2.00	Officer Director	$0	$0	$0
MICHAEL HANZIK	VP LEADERSHIP	2.00	Officer Director	$0	$0	$0
SIMON ARKLEY	YOUTH PROTECTION	2.00	Officer 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	$1,572,907	$1,855,274	$8,705,218	$-282,367
2023	$1,655,560	$1,759,268	$8,871,115	$-103,708
2022	$1,658,968	$2,960,794	$8,783,612	$-1,301,826
2021	$1,951,981	$1,632,604	$9,293,185	$319,377
2020	$1,224,912	$1,851,885	$9,006,293	$-626,973
2019	$2,308,121	$1,976,796	$9,316,830	$331,325
2018	$3,697,787	$2,001,519	$8,914,353	$1,696,268

BOY SCOUTS OF AMERICA CENTRAL NC COUNCIL #416