NORTH CAROLINA FOUNDATION SEED PRODUCERS INCORPORATED (EIN 560556193) - 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

1945

Legal Domicile

Principal Officer

HENRY EDMISTEN

Phone

9197441474

Tax Period

2024-06-01 to 2025-05-31

NORTH CAROLINA FOUNDATION SEED PRODUCERS INCORPORATED, founded in 1945, is a small nonprofit that reported $843K in total revenue in fiscal year 2024. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $447K, a strong 53% operating margin.

Mission

TO MAKE FOUNDATION SEED AND PLANT MATERIALS OF NEW AND IMPROVED VARIETIES AVAILABLE TO FARMERS IN NC THROUGH COOPERATION WITH NC AG EXPERIMENT STATION, THE USDA, AND OTHER PUBLIC AGENCIES.

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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 $0

Program Service Revenue $145,081

Investment Income $125,191

Other Revenue $573,043

TOTAL REVENUE $843,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $152,673

Fundraising Expenses $0

Program Expenses $339,475

Other Expenses $243,728

TOTAL EXPENSES $396,401

Year-over-Year Comparison

	2024	2023	Change
Revenue	$843,315	$439,952	+0.9%
Expenses	$396,401	$355,405	+0.1%
Net Income	$446,914	$84,547	+4.3%

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

N/A

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

$73,205

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILLY BARROW	PRESIDENT	1.00	Officer Director	$0	$0	$0
AO ROBERTS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
PEYTON MCDANIEL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KAYLA FOX	TRUSTEE	1.00	Director	$0	$0	$0
WILL PHELPS	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM PROCTOR	TRUSTEE	1.00	Director	$0	$0	$0
JIM JONES	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES BARNES	MANAGER THRU JAN 2025	40.00	Officer	$58,249	$14,956	$73,205
HENRY EDMISTEN	EXECUTIVE DIRECTOR FROM MAY 2025	40.00	Officer	$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
2025	$843,315	$396,401	$3,785,100	$446,914
2024	$439,952	$355,405	$2,705,830	$84,547
2023	$430,455	$422,184	$2,820,835	$8,271
2022	$609,501	$459,716	$2,376,099	$149,785
2021	$580,976	$379,013	$2,628,794	$201,963
2020	$456,445	$357,193	$2,268,467	$99,252
2019	$320,365	$425,519	$2,206,649	$-105,154

NORTH CAROLINA FOUNDATION SEED PRODUCERS INCORPORATED