North Carolina Association of Independent Schools

EIN: 561028055 501(c)(3)

GREENSBORO, NC

Total Revenue
$1,235,260
Total Expenses
$1,015,076
Total Assets
$1,394,345
Net Assets
$1,149,397
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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
1970
Legal Domicile
NC
Phone
7044611812
Tax Period
2024-07-01 to 2025-06-30

North Carolina Association of Independent Schools, founded in 1970, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $220K, a strong 18% operating margin.

Mission

NCAIS promotes educational excellence and empowers member schools to thrive in pursuit of their missions. Our core commitments are to provide leading-edge educational opportunities communities of colleagues guidance in school leadership and governance partnerships and resources and legislative advocacy.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $674,367
Program Service Revenue $414,004
Investment Income $108,083
Other Revenue $38,806
TOTAL REVENUE $1,235,260

Expense Breakdown

Grants Paid $0
Salaries & Benefits $466,276
Fundraising Expenses $25,977
Program Expenses $813,414
Other Expenses $548,800
TOTAL EXPENSES $1,015,076

Year-over-Year Comparison

2024 2023 Change
Revenue $1,235,260 $1,043,976 +0.2%
Expenses $1,015,076 $897,531 +0.1%
Net Income $220,184 $146,445 +0.5%
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

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Governance

Voting Members
9
Independent Members
9
Employees
4
Volunteers
120

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
4
$0
Total Directors
9
$0
Key Employees
1
$224,402
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stephanie Keaney Executive Director 40.00
Key Emp
$197,000 $27,402 $224,402
Eric Bradley President 2.00
Officer Director
$0 $0 $0
Beverly Fowler Vice President 0.00
Officer Director
$0 $0 $0
Russell Rabinowitz Treasurer 2.00
Officer Director
$0 $0 $0
Karen Cumberbatch Secretary 1.00
Officer Director
$0 $0 $0
Monica Rodriguez Director 1.00
Director
$0 $0 $0
Ed Ellison Director 1.00
Director
$0 $0 $0
Tracie Catlett Director 1.00
Director
$0 $0 $0
Anthony Sgro Director 1.00
Director
$0 $0 $0
Tom Franz Director 1.00
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
2025 $1,235,260 $1,015,076 $1,394,345 $220,184
2024 $1,043,976 $897,531 $1,153,766 $146,445
2023 $1,168,015 $1,230,576 $1,011,667 $-62,561
2022 $1,001,020 $1,106,046 $1,111,975 $-105,026
2021 $1,210,304 $914,094 $1,310,654 $296,210
2020 $1,192,551 $1,157,442 $845,132 $35,109
2019 $1,258,124 $1,187,624 $747,828 $70,500
2018 $1,217,934 $1,168,657 $672,526 $49,277
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