NORTH CAROLINA PRESS ASSOCIATION (EIN 560814688) - 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

1995

Legal Domicile

Principal Officer

PHIL LUCEY

Phone

9195168015

Tax Period

2023-08-01 to 2024-07-31

NORTH CAROLINA PRESS ASSOCIATION, founded in 1995, is a small nonprofit that reported $297K in total revenue in fiscal year 2023. Revenue surged 90% from the prior year, signaling strong growth momentum. Expenses of $372K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO PROMOTE COMMUNICATION

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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 $227,975

Program Service Revenue $59,571

Investment Income $19,623

Other Revenue $-9,898

TOTAL REVENUE $297,271

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $281,328

Other Expenses $372,134

TOTAL EXPENSES $372,134

Year-over-Year Comparison

	2023	2022	Change
Revenue	$297,271	$156,264	+0.9%
Expenses	$372,134	$320,687	+0.2%
Net Income	$-74,863	$-164,423	-0.5%

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

N/A

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

$91,586

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL LUCEY	EXECUTIVE DI	N/A	Officer	$0	$0	$91,586
KEVEN ZEPEZAUER	VICE PRESIDE	1.00	Director	$0	$0	$0
SCOTT CHAMPION	SEC/TREASURE	1.00	Director	$0	$0	$0
MORGAN HARPER	DIRECTOR	1.00	Director	$0	$0	$0
GENE FOWLER	PRESIDENT	1.00	Director	$0	$0	$0
JUSTIN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
TREVOR DUNNELL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CARR	DIRECTOR	1.00	Director	$0	$0	$0
AFRIQUE KILMANJARO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WORONOFF	DIRECTOR	1.00	Director	$0	$0	$0
SHERRY JONES	DIRECTOR	1.00	Director	$0	$0	$0
KYLE STEPHENS	DIRECTOR	1.00	Director	$0	$0	$0
DIMON KENDRICK-HOLMES	DIRECTOR	1.00	Director	$0	$0	$0
MARIA HOUSE	DIRECTOR	1.00	Director	$0	$0	$0
NANCY BAKER	DIRECTOR	1.00	Director	$0	$0	$0
BILL MOSS	PAST PRESIDE	1.00	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	$297,271	$372,134	$1,519,001	$-74,863
2023	$156,264	$320,687	$1,543,485	$-164,423
2022	$222,552	$284,370	$1,738,561	$-61,818
2021	$459,342	$346,341	$1,872,462	$113,001
2020	$312,597	$335,785	$1,400,392	$-23,188
2019	$294,183	$311,979	$1,118,854	$-17,796
2018	$475,886	$361,910	$1,108,801	$113,976

NORTH CAROLINA PRESS ASSOCIATION