NORTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES INC

EIN: 560775353 501(c)(3) Education

RALEIGH, NC

Total Revenue
$3,763,098
Total Expenses
$3,966,303
Total Assets
$3,947,047
Net Assets
$3,182,923
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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
1969
Legal Domicile
NC
Principal Officer
DR A HOPE WILLIAMS
Phone
9198325817
Tax Period
2022-07-01 to 2023-06-30

NORTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES INC, founded in 1969, is a community nonprofit in the Education sector that reported $3.8M in total revenue in fiscal year 2022. Revenue decreased 6% compared to the prior year.

Mission

TO PROMOTE HIGHER EDUCATION AT PRIVATE COLLEGES & UNIVERSITIES IN 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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $2,836,315
Program Service Revenue $958,988
Investment Income $-95,811
Other Revenue $63,606
TOTAL REVENUE $3,763,098

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,333,457
Fundraising Expenses $77,255
Program Expenses $3,457,380
Other Expenses $2,632,846
TOTAL EXPENSES $3,966,303

Year-over-Year Comparison

2022 2021 Change
Revenue $3,763,098 $4,017,915 -0.1%
Expenses $3,966,303 $3,359,455 +0.2%
Net Income $-203,205 $658,460 -1.3%
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

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Governance

Voting Members
36
Independent Members
36
Employees
11
Volunteers
36

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
4
$435,440
Total Directors
36
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JO ALLEN CHAIR 0.50
Officer Director
$0 $0 $0
NIDO R QUBEIN TREASURER 0.50
Officer Director
$0 $0 $0
RHETT BROWN SECRETARY 0.50
Officer Director
$0 $0 $0
ANTHONY J DAVIS BOARD MEMBER 0.50
Director
$0 $0 $0
DOUGLAS SEARCY BOARD MEMBER 0.50
Director
$0 $0 $0
WILLIAM THIERFELDER BOARD MEMBER 0.50
Director
$0 $0 $0
SUZANNE WALSH BOARD MEMBER 0.50
Director
$0 $0 $0
BRADLEY J ANDREWS BOARD MEMBER 0.50
Director
$0 $0 $0
CAM CRUICKSHANK BOARD MEMBER 0.50
Director
$0 $0 $0
J BRADLEY CREED BOARD MEMBER 0.50
Director
$0 $0 $0
DAVID NELSON BOARD MEMBER 0.50
Director
$0 $0 $0
CHARLES TAYLOR BOARD MEMBER 0.50
Director
$0 $0 $0
DOUGLAS HICKS BOARD MEMBER 0.50
Director
$0 $0 $0
VINCENT PRICE BOARD MEMBER 0.50
Director
$0 $0 $0
CONSTANCE LEDOUX BOOK BOARD MEMBER 0.50
Director
$0 $0 $0
WILLIAM M DOWNS BOARD MEMBER 0.50
Director
$0 $0 $0
LAWRENCE D CZARDA BOARD MEMBER 0.50
Director
$0 $0 $0
KYLE FARMBY BOARD MEMBER 0.50
Director
$0 $0 $0
CLARENCE D ARMBRISTER BOARD MEMBER 0.50
Director
$0 $0 $0
HERBERT L KING JR BOARD MEMBER 0.50
Director
$0 $0 $0
FREDERICK K WHITT BOARD MEMBER 0.50
Director
$0 $0 $0
GARY M BROWN BOARD MEMBER 0.50
Director
$0 $0 $0
JOHN ANTHONY FLOYD BOARD MEMBER 0.50
Director
$0 $0 $0
STANLEY T WEARDEN BOARD MEMBER 0.50
Director
$0 $0 $0
PAUL MAURER BOARD MEMBER 0.50
Director
$0 $0 $0
EVAN DUFF BOARD MEMBER 0.50
Director
$0 $0 $0
SCOTT BULLARD BOARD MEMBER 0.50
Director
$0 $0 $0
DANIEL LUGO BOARD MEMBER 0.50
Director
$0 $0 $0
CHRISTINE JOHNSON MCPHAIL BOARD MEMBER 0.50
Director
$0 $0 $0
SUMMER JOHNSON MCGEE BOARD MEMBER 0.50
Director
$0 $0 $0
PAULETTE DILLARD BOARD MEMBER 0.50
Director
$0 $0 $0
TARUN MALIK BOARD MEMBER 0.50
Director
$0 $0 $0
EDWARD CROOM BOARD MEMBER 0.50
Director
$0 $0 $0
SUSAN R WENTE BOARD MEMBER 0.50
Director
$0 $0 $0
DAMIAN J FERNANDEZ BOARD MEMBER 0.50
Director
$0 $0 $0
BRIAN C RALPH BOARD MEMBER 0.50
Director
$0 $0 $0
A HOPE WILLIAMS PRESIDENT 40.00
Officer
$397,479 $37,961 $435,440
THOMAS R WEST VP FOR GOVERNMENT RELATION 40.00
Highest
$201,731 $20,453 $222,184
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 No data No data No data No data
2023 $3,763,098 $3,966,303 $3,947,047 $-203,205
2022 $4,017,915 $3,359,455 $3,943,765 $658,460
2021 $3,607,253 $3,264,024 $3,346,576 $343,229
2020 $3,771,725 $3,363,246 $2,766,043 $408,479
2019 $3,647,965 $3,684,070 $2,414,215 $-36,105
2018 $3,314,632 $3,194,052 $2,540,078 $120,580
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