NORTH CAROLINA OUTWARD BOUND SCHOOL (EIN 560857708) - 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

1966

Legal Domicile

Principal Officer

LAURA BEA ARMSTRONG

Phone

8282993366

Tax Period

2023-04-01 to 2024-03-31

NORTH CAROLINA OUTWARD BOUND SCHOOL, founded in 1966, is a community nonprofit in the Environment sector that reported $8.4M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. Net assets of $26.7M represent 38 months of operating reserves.

Mission

TO CHANGE LIVES THROUGH CHALLENGE AND DISCOVERY.

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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 $2,673,524

Program Service Revenue $4,191,882

Investment Income $1,473,234

Other Revenue $99,787

TOTAL REVENUE $8,438,427

Expense Breakdown

Grants Paid $1,639,208

Salaries & Benefits $3,898,919

Fundraising Expenses $226,340

Program Expenses $6,411,339

Other Expenses $2,700,632

TOTAL EXPENSES $8,238,759

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,438,427	$5,805,307	+0.5%
Expenses	$8,238,759	$7,017,581	+0.2%
Net Income	$199,668	$-1,212,274	-1.2%

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

172

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

$378,814

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV JANET HATFIELD LEGRO	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
DAVID HARDY	BOARD VICE-CHAIR	2.00	Officer Director	$0	$0	$0
MITCHELL BREIT	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERT M SCHWARTZBERG	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
CHARLES BAKER	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM BARNHARDT	DIRECTOR	2.00	Director	$0	$0	$0
AMOS BEASON	DIRECTOR	2.00	Director	$0	$0	$0
JAMES BELIKOVE	DIRECTOR	2.00	Director	$0	$0	$0
ANN BROCK PRATER	DIRECTOR	2.00	Director	$0	$0	$0
BOBBY BUCKLEY	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN BUCKLEY	DIRECTOR	2.00	Director	$0	$0	$0
JOHN BUFORD	DIRECTOR	2.00	Director	$0	$0	$0
AMY CLIMER	DIRECTOR	2.00	Director	$0	$0	$0
DAN CROCKER	DIRECTOR	2.00	Director	$0	$0	$0
SONJI JACOBS	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT LANDIS	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL LEROY	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT PURITZ	DIRECTOR	2.00	Director	$0	$0	$0
MEGG RADER	DIRECTOR	2.00	Director	$0	$0	$0
JAY ROBERTS	DIRECTOR	2.00	Director	$0	$0	$0
L KENT SATTERFIELD	DIRECTOR	2.00	Director	$0	$0	$0
LEIGH SCHELL	DIRECTOR	2.00	Director	$0	$0	$0
ROSA VERDEJA	DIRECTOR	2.00	Director	$0	$0	$0
NATHANIEL VISH	DIRECTOR	2.00	Director	$0	$0	$0
MITCHELL WICKHAM	DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA WILSON	DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA WOODSON	DIRECTOR	2.00	Director	$0	$0	$0
LAURA BEA ARMSTRONG	EXECUTIVE DIRECTOR	40.00	Officer	$165,576	$1,721	$167,297
JAN LETENDRE	CFO	20.00	Officer	$108,767	$0	$108,767
BILL MURRAY	COO	32.00	Officer	$101,853	$897	$102,750

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	$7,504,454	$8,240,241	$28,688,039	$-735,787
2024	$8,438,427	$8,238,759	$29,276,824	$199,668
2023	$5,805,307	$7,017,581	$27,327,733	$-1,212,274
2022	$8,824,225	$6,244,487	$30,850,226	$2,579,738
2021	$4,369,466	$4,265,794	$29,550,068	$103,672
2020	$11,146,154	$10,329,934	$24,204,710	$816,220
2019	$9,100,465	$9,784,852	$25,078,425	$-684,387
2018	$10,592,998	$9,932,914	$25,815,776	$660,084

NORTH CAROLINA OUTWARD BOUND SCHOOL