NORTH CAROLINA RETIRED GOVERNMENTAL EMPLOYEES ASSOCIATION INC (EIN 560989727) - 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

1971

Legal Domicile

Principal Officer

TIMOTHY O'CONNELL

Phone

9198344652

Tax Period

2024-07-01 to 2025-06-30

NORTH CAROLINA RETIRED GOVERNMENTAL EMPLOYEES ASSOCIATION INC, founded in 1971, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $2.6M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO ADVANCE, PROMOTE, AND DEFEND THE RIGHTS, INTERESTS, AND WELFARE OF RETIRED STATE AND LOCAL GOVERNMENT EMPLOYEES OF NORTH CAROLINA AND THEIR FAMILIES.

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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 $0

Program Service Revenue $2,150,840

Investment Income $93,384

Other Revenue $0

TOTAL REVENUE $2,244,224

Expense Breakdown

Grants Paid $0

Salaries & Benefits $759,889

Fundraising Expenses $0

Program Expenses $2,056,199

Other Expenses $1,823,374

TOTAL EXPENSES $2,583,263

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,244,224	$3,627,978	-0.4%
Expenses	$2,583,263	$2,566,680	+0.0%
Net Income	$-339,039	$1,061,298	-1.3%

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

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

$180,647

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY ANN HINSHAW	PRESIDENT	5.00	Officer Director	$0	$0	$0
MICHAEL TAYLOR	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT SHEPHERD	SECRETARY/TREASURER	4.00	Officer Director	$0	$0	$0
NANCY LEONARD	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CINDY AVRETTE	DIRECTOR	1.00	Director	$0	$0	$0
JIM BARBER	DIRECTOR	2.00	Director	$0	$0	$0
TRAVIS BURKE	DIRECTOR	1.00	Director	$0	$0	$0
DORIS CARVER	DIRECTOR	1.00	Director	$0	$0	$0
JIM CAUSBY	DIRECTOR	2.00	Director	$0	$0	$0
DEE FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
MONTRENA HADLEY	DIRECTOR	1.00	Director	$0	$0	$0
MARY KAY JAMES	DIRECTOR	1.00	Director	$0	$0	$0
J THOMAS LUNDY	DIRECTOR	1.00	Director	$0	$0	$0
LIBBY MCATEER	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE MERRILL	DIRECTOR	2.00	Director	$0	$0	$0
JERRY MONETTE	DIRECTOR	1.00	Director	$0	$0	$0
MONA MOON	DIRECTOR	1.00	Director	$0	$0	$0
DELORES PARKER	DIRECTOR	1.00	Director	$0	$0	$0
JERRY PINKARD	DIRECTOR	2.00	Director	$0	$0	$0
LINDA SCUILETTI	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD SELF	DIRECTOR	1.00	Director	$0	$0	$0
TOM SIMMONS	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY O'CONNELL	EXECUTIVE DIRECTOR	40.00	Officer	$155,414	$25,233	$180,647

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	$2,244,224	$2,583,263	$4,466,799	$-339,039
2024	$3,627,978	$2,566,680	$3,437,986	$1,061,298
2023	$2,155,437	$2,034,920	$2,991,459	$120,517
2022	$2,108,441	$1,842,370	$2,841,835	$266,071
2021	$2,030,365	$1,473,017	$2,683,390	$557,348
2020	$1,692,035	$1,366,479	$2,244,087	$325,556
2019	$1,433,601	$1,442,245	$1,898,384	$-8,644

NORTH CAROLINA RETIRED GOVERNMENTAL EMPLOYEES ASSOCIATION INC