NORTH CAROLINA STATE ELKS ASSOCIATION (EIN 560902888) - 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

1945

Legal Domicile

Principal Officer

JOE CLANCY

Phone

2527266901

Tax Period

2024-05-01 to 2025-04-30

NORTH CAROLINA STATE ELKS ASSOCIATION, founded in 1945, is a small nonprofit that reported $298K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $67K, a strong 23% operating margin.

Mission

The North Carolina State Elks Association is a charitable organization who invest in their communities through programs that help children grow up healthy and drug-free, by undertaking projects that address unmet need, and by honoring the service and sacrifice of our veterans.

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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 $274,776

Program Service Revenue $0

Investment Income $23,311

Other Revenue $0

TOTAL REVENUE $298,087

Expense Breakdown

Grants Paid $169,595

Salaries & Benefits $500

Fundraising Expenses $13,195

Program Expenses $215,442

Other Expenses $60,767

TOTAL EXPENSES $230,862

Year-over-Year Comparison

	2024	2023	Change
Revenue	$298,087	$349,130	-0.1%
Expenses	$230,862	$352,725	-0.3%
Net Income	$67,225	$-3,595	-19.7%

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

10000

Independent Members

10000

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BULLOCK	DIRECTOR	10.00	Director	$0	$0	$0
FRANK BRADY	DIRECTOR	10.00	Director	$0	$0	$0
JOE CLANCY	PRESIDENT	10.00	Officer Director	$0	$0	$0
JOHN LAWRENCE	DIRECTOR	10.00	Director	$0	$0	$0
MARK E ALDERMAN	DIRECTOR	10.00	Director	$0	$0	$0
MICHAEL CURRAN	SECRETARY	10.00	Director	$0	$0	$0
GARY PLOUGH	TREASURER	10.00	Officer	$0	$0	$0
MARK COUCH	VICE PRESIDENT	10.00	Officer	$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
2025	$298,087	$230,862	$786,584	$67,225
2024	$349,130	$352,725	$730,116	$-3,595
2023	$308,389	$239,570	$718,415	$68,819
2022	$314,857	$298,186	$644,269	$16,671
2021	$257,904	$170,636	$632,263	$87,268
2020	$251,977	$196,304	$534,163	$55,673
2019	$269,009	$187,045	$493,418	$81,964

NORTH CAROLINA STATE ELKS ASSOCIATION