NORTH CAROLINA ASSOCIATION OF BROADCASTERS INC (EIN 560840444) - 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

1947

Legal Domicile

Principal Officer

LINDSAY WEBSTER

Phone

9198217300

Tax Period

2024-01-01 to 2024-12-31

NORTH CAROLINA ASSOCIATION OF BROADCASTERS INC, founded in 1947, is a small nonprofit that reported $529K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $621K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE PRIMARY EXEMPT PURPOSE IS TO PROMOTE CLOSER COOPERATION AND UNDERSTANDING AMONG MEMBERS; TO MAKE POSSIBLE UNIFIED EFFORT WHEN UNITY IS BENEFICIAL; TO PROTECT ITS MEMBERS IN EVERY LAWFUL AND PROPER MANNER FROM INJUSTICES AND UNJUST EXACTIONS; TO ENCOURAGE AND PROMOTE CUSTOMS AND PRACTICES WHICH WILL BE FOR THE INTERESTS OF THE PUBLIC AND THE BROADCASTING INDUSTRY; TO HELP EDUCATE THE PUBLIC AND BUSINESS GENERALLY CONCERNING THE USES AND VALUES OF BROADCASTING ADVERTISING; AND TO ACT AS A REGIONAL CONTACT WITH THE NATIONAL ASSOCIATION OF BROADCASTERS.

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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 $50,000

Program Service Revenue $424,132

Investment Income $51,893

Other Revenue $2,975

TOTAL REVENUE $529,000

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $620,209

TOTAL EXPENSES $621,209

Year-over-Year Comparison

	2024	2023	Change
Revenue	$529,000	$646,114	-0.2%
Expenses	$621,209	$611,849	+0.0%
Net Income	$-92,209	$34,265	-3.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CEDRIC THOMAS	IMMEDITAE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
MARSHA LANDESS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOEL DAVIS	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
HENRY HINTON	VICE PRESIDENT OF RADIO	1.00	Officer Director	$0	$0	$0
MARK MENDENHALL	VICE PRESIDENT OF TELEVISION	1.00	Officer Director	$0	$0	$0
ALLISON ALDRIDGE	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DON CURTIS	DIRECTOR	1.00	Director	$0	$0	$0
ROB ELMORE	DIRECTOR	1.00	Director	$0	$0	$0
DICK HARLOW	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD HARLOW	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE ROBINSON HARPER	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY HEWITT	DIRECTOR	1.00	Director	$0	$0	$0
KELLIE HOLEMAN-SZENDERSKI	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
LISA POWELL	DIRECTOR	1.00	Director	$0	$0	$0
TRIP SAVERY	DIRECTOR	1.00	Director	$0	$0	$0
GARY WEISS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CRABTREE	AFFILIATE DIRECTOR	1.00	Director	$0	$0	$0
DAN SPEARS	ASSOCIATE DIRECTOR	1.00	Director	$0	$0	$0
MAC EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN GRUBE	DIRECTOR	1.00	Director	$0	$0	$0
RON HENSLEE	DIRECTOR	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	$529,000	$621,209	$1,974,801	$-92,209
2023	$646,114	$611,849	$2,005,132	$34,265
2022	$903,702	$569,637	$1,931,067	$334,065
2021	$1,049,811	$520,528	$1,725,807	$529,283
2020	$814,823	$485,129	$1,233,405	$329,694
2019	$719,080	$587,759	$889,507	$131,321
2018	$846,604	$546,170	$727,260	$300,434

NORTH CAROLINA ASSOCIATION OF BROADCASTERS INC