NORTH CAROLINA HUMANITIES COUNCIL (EIN 561153601) - 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

1980

Legal Domicile

Principal Officer

SHERRY PAULA WATKINS

Phone

7046871520

Tax Period

2023-11-01 to 2024-10-31

NORTH CAROLINA HUMANITIES COUNCIL, founded in 1980, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum.

Mission

THE NORTH CAROLINA HUMANITIES COUNCIL IS DEDICATED TO PROMOTING FREE PUBLIC PROGRAMS IN THE HUMANITIES ACROSS 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 $1,692,816

Program Service Revenue $0

Investment Income $885

Other Revenue $0

TOTAL REVENUE $1,693,701

Expense Breakdown

Grants Paid $546,379

Salaries & Benefits $480,868

Fundraising Expenses $118,007

Program Expenses $1,163,255

Other Expenses $625,228

TOTAL EXPENSES $1,652,475

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,693,701	$1,205,530	+0.4%
Expenses	$1,652,475	$1,435,696	+0.2%
Net Income	$41,226	$-230,166	-1.2%

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

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

$162,752

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MIKE WAKEFORD	CHAIR	1.50	Officer Director	$0	$0	$0
BRIAN KAHN	VICE CHAIR	1.50	Officer Director	$0	$0	$0
HANNAH DELA CRUZ ABRAMS	TRUSTEE	1.50	Director	$0	$0	$0
MARGARET D BAUER	TRUSTEE	1.50	Director	$0	$0	$0
KERRY D BIRD	TRUSTEE	1.50	Director	$0	$0	$0
NANCY FIELDS	TRUSTEE	1.50	Director	$0	$0	$0
KATRINA BROWNLEE	TRUSTEE	1.50	Director	$0	$0	$0
JESSICA HARDIN	TRUSTEE	1.50	Director	$0	$0	$0
DOUGLAS JACKSON	TRUSTEE	1.50	Director	$0	$0	$0
LORNA RICOTTA	PAST CHAIR	1.50	Director	$0	$0	$0
LES HIGH	TRUSTEE	1.50	Director	$0	$0	$0
TASSE A LITTLE	TRUSTEE	1.50	Director	$0	$0	$0
REBECCA REYES	TRUSTEE	1.50	Director	$0	$0	$0
DIANE ROBERTSON	TRUSTEE	1.50	Director	$0	$0	$0
C THOMAS STEELE JR	TRUSTEE	1.50	Director	$0	$0	$0
CECELIA THOMPSON	TRUSTEE	1.50	Director	$0	$0	$0
LILIANA WENDORFF	TRUSTEE	1.50	Director	$0	$0	$0
KATHY WHITE	TRUSTEE	1.50	Director	$0	$0	$0
TODD WRIGHT	TRUSTEE	1.50	Director	$0	$0	$0
SERGIO FERNANDEZ	TRUSTEE	1.50	Director	$0	$0	$0
LAURA WILLIAMS	TRUSTEE	1.50	Director	$0	$0	$0
RODNEY DAWSON	TRUSTEE	1.50	Director	$0	$0	$0
REBECCA GODWIN	TRUSTEE	1.50	Director	$0	$0	$0
SARA HAHN	TRUSTEE	1.50	Director	$0	$0	$0
SHERRY PAULA WATKINS	EXECUTIVE DIRECTOR	35.00	Officer	$135,422	$27,330	$162,752

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	$1,693,701	$1,652,475	$1,550,689	$41,226
2023	$1,205,530	$1,435,696	$1,342,049	$-230,166
2022	$1,288,721	$1,314,134	$1,342,645	$-25,413
2021	$2,458,418	$2,348,424	$2,197,159	$109,994
2020	$727,654	$1,609,474	$1,475,344	$-881,820
2019	$1,317,930	$957,811	$2,321,817	$360,119
2018	$1,125,599	$956,788	$2,015,183	$168,811

NORTH CAROLINA HUMANITIES COUNCIL