UNIVERSITY OF NORTH CAROLINA FACULTY- STAFF RECREATION ASSOCIATION INC (EIN 560932998) - 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

1967

Legal Domicile

Principal Officer

BENJAMIN ALLRED

Phone

9199623276

Tax Period

2023-01-01 to 2023-12-31

UNIVERSITY OF NORTH CAROLINA FACULTY- STAFF RECREATION ASSOCIATION INC, founded in 1967, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $2.2M left a modest 14% surplus.

Mission

TO MEET THE RECREATIONAL AND SOCIAL NEEDS OF THE FACULTY-STAFF OF UNC-CHAPEL HILL.

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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 $0

Program Service Revenue $2,368,148

Investment Income $7,689

Other Revenue $170,203

TOTAL REVENUE $2,546,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,683,564

Fundraising Expenses $0

Other Expenses $500,278

TOTAL EXPENSES $2,183,842

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,546,040	$2,218,321	+0.1%
Expenses	$2,183,842	$1,851,769	+0.2%
Net Income	$362,198	$366,552	0.0%

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

231

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

$175,794

Total Directors

$59,690

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONY PATTERSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOAN KRAUSE	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
JIM HAMILTON	TREASURER	2.00	Officer Director	$0	$0	$0
PAUL YAZEJIAN	SECRETARY/FINANCIAL MANAGE	22.00	Officer Director	$59,690	$0	$59,690
SARAH DOTTERS-KATZ	DIRECTOR	1.00	Director	$0	$0	$0
LYNN EDGAR	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN ONDRAK	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON REID	DIRECTOR	1.00	Director	$0	$0	$0
JERRY VANSANT	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN ALLRED	MANAGER	40.00	Officer	$109,920	$6,184	$116,104
NATHAN LIPSON	DIRECTOR OF TENNIS	40.00	Highest	$214,266	$8,296	$222,562

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	No data	No data	No data	No data
2023	$2,546,040	$2,183,842	$6,045,909	$362,198
2022	$2,218,321	$1,851,769	$5,683,421	$366,552
2021	$2,177,390	$1,545,459	$5,306,904	$631,931
2020	$1,371,426	$1,211,351	$4,812,055	$160,075
2019	$1,688,293	$1,406,891	$4,656,442	$281,402
2018	$1,418,673	$1,079,142	$4,452,630	$339,531

UNIVERSITY OF NORTH CAROLINA FACULTY- STAFF RECREATION ASSOCIATION INC