NORTH CAROLINA BAR FOUNDATION (EIN 560767805) - 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

1960

Legal Domicile

Principal Officer

Jason M Hensley

Phone

9196770561

Tax Period

2023-07-01 to 2024-06-30

NORTH CAROLINA BAR FOUNDATION, founded in 1960, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 18% operating deficit.

Mission

THE MISSION OF THE NORTH CAROLINA BAR FOUNDATION IS TO UNITE THE TALENT AND GENEROSITY OF OUR PROFESSION TO BE A POWER OF GREATER GOOD FOR THE PEOPLE OF NORTH CAROLINA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $713,600

Program Service Revenue $0

Investment Income $636,472

Other Revenue $305,193

TOTAL REVENUE $1,655,265

Expense Breakdown

Grants Paid $535,772

Salaries & Benefits $680,777

Fundraising Expenses $216,188

Program Expenses $899,415

Other Expenses $735,149

TOTAL EXPENSES $1,951,698

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,655,265	$2,416,990	-0.3%
Expenses	$1,951,698	$1,762,190	+0.1%
Net Income	$-296,433	$654,800	-1.5%

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

895

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

$409,751

Total Directors

$11,000

Key Employees

$206,255

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAYTON D MORGAN	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$3,000
PATTI RAMSEUR	PRESIDENT	1.00	Officer Director	$0	$0	$8,000
KIMBERLY H STOGNER	PRESIDENT-ELECT/TREASURER	1.00	Officer Director	$0	$0	$0
ALISON ASHE-CARD	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN MATTHEW BOGUES	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER G BROWNING JR	BOARD MEMBER	1.00	Director	$0	$0	$0
STUART B DORSETT	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT H EDMUNDS JR	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD W GRIGGS	BOARD MEMBER	1.00	Director	$0	$0	$0
NAN HANNAH	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT C HUNTER	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA FUNKE JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
AFI S JOHNSON-PARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
EVAN G LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
SIDNEY O MINTER	BOARD MEMBER	1.00	Director	$0	$0	$0
TAMMY NICHOLSON	BOARD MEMBER	1.00	Director	$0	$0	$0
WILL ODEN	BOARD MEMBER	1.00	Director	$0	$0	$0
S CAMILLE PAYTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHLEY S RUSHER	BOARD MEMBER	1.00	Director	$0	$0	$0
MONICA WEBB-SHACKLEFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
JARED SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA L SMITHERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBIN J STINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD M THIGPEN	BOARD MEMBER	1.00	Director	$0	$0	$0
COURTNEY THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANNON VANDIVER	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDGE JOE L WEBSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON M HENSLEY	EXEC.DIR./SECRETARY	20.00	Officer	$0	$59,959	$398,751
KIM BART MULLIKIN	SR. DIRECTOR OF FOUNDATION	43.00	Key Emp	$172,568	$33,687	$206,255
VIRGINIA CRAIG	DIR. OF FINANCE AND ACCOUNTING	5.00	Highest	$0	$30,775	$182,569
ASHLEY MILLS	SR. DIRECTOR OF OPERATIONS	27.00	Highest	$0	$37,939	$233,160
ERIN ROBBINS	DIRECTOR OF MARKETING	8.00	Highest	$0	$34,062	$197,815
JEREMIAH HAMM	CONTROLLER	5.00	Highest	$0	$30,628	$162,535
RUSSELL RAWLINGS	DIRECTOR OF COMMUNICATIONS	5.00	Highest	$0	$29,842	$175,941

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	No data	No data	No data	No data
2024	$1,655,265	$1,951,698	$31,399,025	$-296,433
2023	$2,416,990	$1,762,190	$28,651,761	$654,800
2022	$2,928,263	$1,935,860	$26,907,871	$992,403
2021	$2,703,918	$1,662,926	$30,714,912	$1,040,992

NORTH CAROLINA BAR FOUNDATION