NORTH CAROLINA AGRIBUSINESS COUNCIL INC (EIN 561029240) - 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

1969

Legal Domicile

Principal Officer

EDWARD OLIVE

Phone

9197424063

Tax Period

2023-11-01 to 2024-10-31

NORTH CAROLINA AGRIBUSINESS COUNCIL INC, founded in 1969, is a small nonprofit that reported $168K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $111K, a strong 66% operating margin.

Mission

TO PROMOTE AND REPRESENT AGRIBUSINESS IN NORTH CAROLINA.

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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 $84,069

Program Service Revenue $84,250

Investment Income $0

Other Revenue $0

TOTAL REVENUE $168,319

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,696

Fundraising Expenses $0

Other Expenses $36,392

TOTAL EXPENSES $57,088

Year-over-Year Comparison

	2023	2022	Change
Revenue	$168,319	$342,256	-0.5%
Expenses	$57,088	$282,623	-0.8%
Net Income	$111,231	$59,633	+0.9%

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

N/A

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 ASHE	TREASURER	1.00	Officer Director	$0	$0	$0
BETH FERRELL	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT DOTSON	DIRECTOR	1.00	Director	$0	$0	$0
MARK BRADLEY	DIRECTOR	1.00	Director	$0	$0	$0
REGGIE STRICKLAND	DIRECTOR	1.00	Director	$0	$0	$0
JULIE GROCE	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN JACOB	DIRECTOR	1.00	Director	$0	$0	$0
TODD BARLOW	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
PENDER SHARP	DIRECTOR	1.00	Director	$0	$0	$0
SHANE WHITAKER	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD OLIVE	SECRETARY	1.00	Officer Director	$0	$0	$0
RANDALL PATTERSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFFREY LEE	PRESIDENT	1.00	Officer 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
2024	$168,319	$57,088	$176,294	$111,231
2023	$342,256	$282,623	$202,061	$59,633
2022	$253,688	$258,521	$92,160	$-4,833
2021	$215,251	$168,060	$127,156	$47,191
2020	$276,744	$383,581	$79,965	$-106,837
2019	$245,986	$187,984	$65,802	$58,002
2018	$301,750	$294,179	$32,154	$7,571

NORTH CAROLINA AGRIBUSINESS COUNCIL INC