PROFESSIONAL ENGINEERS OF NORTH CAROLINA (EIN 560789672) - 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

1950

Legal Domicile

Principal Officer

VANESSA LACLAIR

Phone

9842205368

Tax Period

2024-01-01 to 2024-12-31

PROFESSIONAL ENGINEERS OF NORTH CAROLINA, founded in 1950, is a small nonprofit in the Community Improvement sector that reported $240K in total revenue in fiscal year 2024. Expenses of $215K left a modest 10% surplus.

Mission

TO PROMOTE ETHICAL, COMPETENT, AND LICENSED ENGINEERING, AND TO ENHANCE THE PROFESSIONAL, SOCIAL, AND ECONOMIC WELL-BEING OF ITS MEMBERS.

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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 $148,977

Program Service Revenue $80,759

Investment Income $3,325

Other Revenue $6,652

TOTAL REVENUE $239,713

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,085

Fundraising Expenses $0

Other Expenses $142,717

TOTAL EXPENSES $214,802

Year-over-Year Comparison

	2024	2023	Change
Revenue	$239,713	$246,121	0.0%
Expenses	$214,802	$205,091	+0.0%
Net Income	$24,911	$41,030	-0.4%

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

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

$66,632

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH SPAGNOLA	PRESIDENT	5.00	Officer Director	$0	$0	$0
BRIAN JOHNSON	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
JUSTIN PLAISTED	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
PAUL SHIVERS	TREASURER	2.00	Officer Director	$0	$0	$0
JONATHAN HAM	SECRETARY	2.00	Officer Director	$0	$0	$0
LYDIA WARD	DIRECTOR AT LARGE	2.00	Director	$0	$0	$0
AARON LAYNE	DIRECTOR AT LARGE	2.00	Director	$0	$0	$0
STEVE RUSSELL	DIRECTOR AT LARGE	2.00	Director	$0	$0	$0
MONICA FULKERSON	NSPE DELEGATE	2.00	Director	$0	$0	$0
VANESSA LACLAIR	EXECUTIVE DIRECTOR	25.00	Officer	$66,632	$0	$66,632

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	$239,713	$214,802	$302,067	$24,911
2023	$246,121	$205,091	$268,779	$41,030
2022	$242,180	$208,638	$207,754	$33,542
2021	$214,098	$168,483	$213,356	$45,615
2020	$172,481	$126,064	$147,838	$46,417
2019	$206,729	$195,577	$102,261	$11,152
2019	$206,729	$195,577	$102,261	$11,152

PROFESSIONAL ENGINEERS OF NORTH CAROLINA