Retired Military Association of North Carolina (EIN 561010376) - 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

1990

Legal Domicile

Principal Officer

Cadelia Saulsberry

Phone

9102245774

Tax Period

2023-01-01 to 2023-12-31

Retired Military Association of North Carolina, founded in 1990, is a small nonprofit that reported $155K in total revenue in fiscal year 2023.

Mission

Programs to enhance the quality for the military and their families and others impacted.

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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 $6,395

Program Service Revenue $148,571

Investment Income $0

Other Revenue $0

TOTAL REVENUE $154,966

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $154,560

Other Expenses $154,560

TOTAL EXPENSES $154,560

Year-over-Year Comparison

	2023	2022	Change
Revenue	$154,966	$161,364	0.0%
Expenses	$154,560	$153,109	+0.0%
Net Income	$406	$8,255	-1.0%

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

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
Sharon Jefferson	President	5.00	Officer Director	$0	$0	$0
Otis Saulsberry	Vice President	5.00	Officer Director	$0	$0	$0
Michael Staten Sr	Secretary	5.00	Officer Director	$0	$0	$0
Cadelia Saulsberry	Treasurer	5.00	Officer Director	$0	$0	$0
Joseph Wiggins	Chairman	2.00	Officer Director	$0	$0	$0
William Swift	Board Member	2.00	Director	$0	$0	$0
Jesse Jones	Board Member	2.00	Director	$0	$0	$0
David West	Board Member	2.00	Director	$0	$0	$0
John Braham	Board Member	2.00	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
2023	$154,966	$154,560	$69,557	$406
2022	$161,364	$153,109	$83,180	$8,255

Retired Military Association of North Carolina