North Carolina Azalea Festival at Wilmin (EIN 560755213) - 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

1948

Legal Domicile

Principal Officer

Michael Franklin

Phone

9102970614

Tax Period

2024-10-01 to 2025-09-30

North Carolina Azalea Festival at Wilmin, founded in 1948, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.3M in total revenue in fiscal year 2024. Expenses of $2.0M left a modest 12% surplus.

Mission

Celebrating our community's culture while inspiring volunteerism, pride, and economic growth.

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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 $1,071,248

Program Service Revenue $1,145,963

Investment Income $80,156

Other Revenue $18,932

TOTAL REVENUE $2,316,299

Expense Breakdown

Grants Paid $18,050

Salaries & Benefits $269,033

Fundraising Expenses $94,922

Program Expenses $1,861,791

Other Expenses $1,751,362

TOTAL EXPENSES $2,038,445

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,316,299	$2,392,876	0.0%
Expenses	$2,038,445	$1,834,896	+0.1%
Net Income	$277,854	$557,980	-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

1000

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

$87,891

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Beck Smith	President	15.00	Officer Director	$0	$0	$0
Michael Franklin	President Elect	5.00	Officer Director	$0	$0	$0
Amy Dean	Vice President	5.00	Officer Director	$0	$0	$0
Chris Gore	Treasurer	5.00	Officer Director	$0	$0	$0
Bernice Johnson	Secretary	5.00	Officer Director	$0	$0	$0
Alison Baringer	Executive Director	50.00	Officer	$87,891	$0	$87,891

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	$2,316,299	$2,038,445	$2,576,201	$277,854
2024	$2,392,876	$1,834,896	$2,284,385	$557,980
2023	$3,419,388	$1,679,175	$1,725,387	$1,740,213
2022	$2,061,243	$2,109,660	$1,649,802	$-48,417
2021	$2,111,510	$1,843,076	$1,301,407	$268,434
2020	$101,383	$391,391	$957,064	$-290,008
2019	$2,018,671	$2,114,633	$491,664	$-95,962
2018	$1,956,077	$1,924,958	$460,684	$31,119

North Carolina Azalea Festival at Wilmin