EDUCATIONAL INFORMATION CORPORATION

EIN: 561061859 501(c)(3) Arts, Culture & Humanities

WAKE FOREST, NC

Total Revenue
$2,880,735
Total Expenses
$1,788,294
Total Assets
$12,372,869
Net Assets
$12,315,158
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
NC
Principal Officer
DEBORAH S PROCTOR
Phone
9195565178
Tax Period
2024-08-01 to 2025-07-31

EDUCATIONAL INFORMATION CORPORATION, founded in 1973, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.9M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.1M, a strong 38% operating margin.

Mission

TO DISSEMINATE EDUCATIONAL INFORMATION, INCLUDING EXPANDING THE COMMUNITY OF CLASSICAL MUSIC LOVERS BY SHARING ACCESSIBLE CLASSICAL MUSIC WITH EVERYONE, EVERYWHERE, AT ANY TIME. WE ENTERTAIN, EDUCATE AND ENGAGE OUR AUDIENCE WITH INFORMED ANNOUNCERS, PROGRAMS, AND PUBLICATIONS. WE STRIVE TO MAKE IT EASY TO APPRECIATE AND ENJOY CLASSICAL MUSIC.

Program Service Accomplishments

Program 1
Expenses: $1,076,463 Revenue: $0

OPERATION OF NOT-FOR-PROFIT, NON-COMMERCIAL, EDUCATIONAL, FCC LICENSED FM RADIO STATION AND OTHER FCC LICENSED EDUCATIONAL BROADCAST OPERATIONS, FOR THE AREA OF CENTRAL NORTH CAROLINA AND SOUTHSIDE...

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OPERATION OF NOT-FOR-PROFIT, NON-COMMERCIAL, EDUCATIONAL, FCC LICENSED FM RADIO STATION AND OTHER FCC LICENSED EDUCATIONAL BROADCAST OPERATIONS, FOR THE AREA OF CENTRAL NORTH CAROLINA AND SOUTHSIDE VIRGINIA. WE MAKE OUR PROGRAMMING AVAILABLE TO OTHERS INCLUDING INDIVIDUALS BY STREAMING WITHOUT CHARGE OR OBLIGATION TO ALL, PUBLIC BROADCASTING OUTLETS, ENTITIES LEGALLY ABLE TO REBROADCAST OUR SIGNAL, ALSO WITHOUT CHARGE OR OBLIGATION. OUR PROGRAMMING IS ALSO AVAILABLE AROUND THE WORLD AT NO CHARGE VIA STREAMING ON THE INTERNET. GRANTS ARE MADE TO NON-PROFIT ORGANIZATIONS WHICH ASSIST WCPE AND PARALLEL ITS MISSION.

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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 $2,803,375
Program Service Revenue $0
Investment Income $55,422
Other Revenue $21,938
TOTAL REVENUE $2,880,735

Expense Breakdown

Grants Paid $11,500
Salaries & Benefits $1,063,195
Fundraising Expenses $155,683
Program Expenses $1,076,463
Other Expenses $713,599
TOTAL EXPENSES $1,788,294

Year-over-Year Comparison

2024 2023 Change
Revenue $2,880,735 $2,473,665 +0.2%
Expenses $1,788,294 $1,866,910 0.0%
Net Income $1,092,441 $606,755 +0.8%
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
2
Independent Members
1
Employees
39
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
2
$105,567
Total Directors
2
$105,567
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBORAH S PROCTOR PRESIDENT/GENERAL MANAGER 40.00
Officer Director
$102,492 $3,075 $105,567
NEEDHAM W LANGSTON JR SECRETARY 0.25
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
2025 $2,880,735 $1,788,294 $12,372,869 $1,092,441
2024 $2,473,665 $1,866,910 $11,245,213 $606,755
2023 $1,954,480 $1,796,533 $10,588,078 $157,947
2022 $1,896,416 $1,504,258 $10,431,851 $392,158
2021 $1,795,992 $1,619,304 $10,059,393 $176,688
2020 $1,851,100 $1,639,311 $9,802,976 $211,789
2019 $1,829,673 $1,474,786 $9,558,958 $354,887
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