THE NORTH CAROLINA SWEETPOTATO COMMISSION INC

EIN: 560769208

BENSON, NC

Total Revenue
$2,002,259
Total Expenses
$2,222,206
Total Assets
$5,822,152
Net Assets
$5,697,398
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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
1961
Legal Domicile
NC
Principal Officer
MICHELLE GRAINGER
Phone
9198941067
Tax Period
2023-07-01 to 2024-06-30

THE NORTH CAROLINA SWEETPOTATO COMMISSION INC, founded in 1961, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROMOTE THE PRODUCTION AND CONSUMPTION OF NORTH CAROLINA SWEET POTATOES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $33,200
Program Service Revenue $1,794,976
Investment Income $136,328
Other Revenue $37,755
TOTAL REVENUE $2,002,259

Expense Breakdown

Grants Paid $148,560
Salaries & Benefits $319,120
Fundraising Expenses $0
Program Expenses $1,633,790
Other Expenses $1,754,526
TOTAL EXPENSES $2,222,206

Year-over-Year Comparison

2023 2022 Change
Revenue $2,002,259 $4,846,938 -0.6%
Expenses $2,222,206 $3,002,151 -0.3%
Net Income $-219,947 $1,844,787 -1.1%
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

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Governance

Voting Members
12
Independent Members
12
Employees
6
Volunteers
N/A

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
1
$150,864
Total Directors
13
$150,864
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELLE GRAINGER EXECUTIVE DI 39.00
Officer Director
$150,864 $0 $150,864
JOSE CALDERON DIRECTOR N/A
Director
$0 $0 $0
SARAH CARRAWAY DIRECTOR N/A
Director
$0 $0 $0
CLAY GARDNER DIRECTOR N/A
Director
$0 $0 $0
ROB HILL VICE PRESIDE N/A
Director
$0 $0 $0
JIM JONES DIRECTOR N/A
Director
$0 $0 $0
THOMAS JOYNER SECRETARY-TR N/A
Director
$0 $0 $0
BRENT LEGGETT PRESIDENT N/A
Director
$0 $0 $0
DEWEY SCOTT DIRECTOR N/A
Director
$0 $0 $0
ANNETTE STARLING DIRECTOR N/A
Director
$0 $0 $0
LINWOOD VICK DIRECTOR N/A
Director
$0 $0 $0
CRAIG WEST DIRECTOR N/A
Director
$0 $0 $0
MIKE WOOD DIRECTOR N/A
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 $2,002,259 $2,222,206 $5,822,152 $-219,947
2023 $4,846,938 $3,002,151 $5,998,496 $1,844,787
2022 $3,634,489 $1,614,625 $4,117,060 $2,019,864
2021 $1,676,492 $1,375,301 $2,123,293 $301,191
2020 $1,546,897 $1,254,200 $1,806,509 $292,697
2019 $1,286,322 $1,120,256 $1,486,119 $166,066
2018 $1,785,003 $1,651,061 $1,405,240 $133,942
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