NORTH CAROLINA STATE UNIVERSITY CLUB (EIN 560769351) - 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

1958

Legal Domicile

Principal Officer

JEFFERY HASTINGS

Phone

9198280308

Tax Period

2024-01-01 to 2024-12-31

NORTH CAROLINA STATE UNIVERSITY CLUB, founded in 1958, is a community nonprofit in the Recreation & Sports sector that reported $6.7M in total revenue in fiscal year 2024. Expenses of $5.8M left a modest 14% surplus.

Mission

HAVING STRONG TIES TO THE UNIVERSITY, THE NC STATE UNIVERSITY CLUB PROVIDES ENRICHING SOCIAL EXPERIENCES, PERSONALIZED SERVICE AND ACCESS TO ATHLETIC AND RECREATIONAL PROGRAMS WHILE NURTURING A CULTURE OF FRIENDSHIP AND FELLOWSHIP FOR OUR MEMBERS, THEIR FAMILIES AND GUESTS.

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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 $5,012,061

Investment Income $300,806

Other Revenue $1,433,590

TOTAL REVENUE $6,746,457

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,945,536

Fundraising Expenses $0

Program Expenses $3,455,505

Other Expenses $2,869,409

TOTAL EXPENSES $5,814,945

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,746,457	$6,256,398	+0.1%
Expenses	$5,814,945	$5,202,070	+0.1%
Net Income	$931,512	$1,054,328	-0.1%

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

Governance

Voting Members

Independent Members

Employees

160

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

$199,696

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR CAROL FIGUERS	SECRETARY	1.00	Officer Director	$0	$0	$0
ANNA MARIA TAYLOR	PAST PRESIDENT	1.00	Director	$0	$0	$0
SAM JOHNS	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW ZAYTOUN	DIRECTOR	1.00	Director	$0	$0	$0
DEREK BRYAN	DIRECTOR	1.00	Director	$0	$0	$0
TOM CHILDREY	DIRECTOR	1.00	Director	$0	$0	$0
JEFFERY HASTINGS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVE CORSETTI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GREG RACSHKE	TREASURER	1.00	Officer Director	$0	$0	$0
DOUG SHIVELER	DIRECTOR	1.00	Director	$0	$0	$0
SKIP WENTZ	DIRECTOR	1.00	Director	$0	$0	$0
PHIL JONES	DIRECTOR	1.00	Director	$0	$0	$0
BLAINE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
KENNY KRAUSE	DIRECTOR	1.00	Director	$0	$0	$0
EMMA GOERING	DIRECTOR	1.00	Director	$0	$0	$0
JAMES IVANKOVICH	EXECUTIVE DIRECTOR	40.00	Officer	$199,696	$0	$199,696
JAMES C WHITE	HIGHEST COMPENSATED EMPLOY	40.00	Highest	$207,160	$0	$207,160

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	$6,746,457	$5,814,945	$21,019,067	$931,512
2023	$6,256,398	$5,202,070	$20,880,766	$1,054,328
2022	$5,764,962	$4,108,618	$17,723,148	$1,656,344
2021	$7,548,091	$3,370,968	$15,275,045	$4,177,123
2020	$3,700,158	$3,152,363	$9,800,724	$547,795

NORTH CAROLINA STATE UNIVERSITY CLUB