LEGAL SERVICES OF NC INC

EIN: 561148372 501(c)(3) Crime & Legal

RALEIGH, NC

Total Revenue
$38,400
Total Expenses
$112,545
Total Assets
$727,188
Net Assets
$727,188
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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
1976
Legal Domicile
NC
Principal Officer
GEORGE R HAUSEN JR
Phone
9198562564
Tax Period
2023-01-01 to 2023-12-31

LEGAL SERVICES OF NC INC, founded in 1976, is a micro nonprofit in the Crime & Legal sector that reported $38K in total revenue in fiscal year 2023. Expenses of $113K exceeded revenue, resulting in a 193% operating deficit.

Mission

PROVIDE FACILITIES FOR LEGAL SERVICE ORGANIZATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $38,400
Investment Income $0
Other Revenue $0
TOTAL REVENUE $38,400

Expense Breakdown

Grants Paid $82,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $112,545
Other Expenses $30,545
TOTAL EXPENSES $112,545

Year-over-Year Comparison

2023 2022 Change
Revenue $38,400 $38,400 N/A
Expenses $112,545 $32,235 +2.5%
Net Income $-74,145 $6,165 -13.0%
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

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Governance

Voting Members
4
Independent Members
4
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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK G QUEEN ESQ CHAIR DIRECTOR 0.50
Director
$0 $0 $0
PENDER R MCELROY ESQ DIRECTOR 0.50
Director
$0 $0 $0
GLENN A BARFIELD ESQ DIRECTOR 0.50
Director
$0 $0 $0
GEORGE R HAUSEN JR DIRECTOR 0.50
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 No data No data No data No data
2023 $38,400 $112,545 $727,188 $-74,145
2022 $38,400 $32,235 $801,333 $6,165
2021 $38,400 $29,309 $795,168 $9,091
2020 $38,400 $29,388 $786,077 $9,012
2019 $38,400 $30,767 $777,065 $7,633
2018 $40,470 $48,432 $769,432 $-7,962
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