Carolina Beacon (EIN 561162341) - 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

1975

Legal Domicile

Principal Officer

Christina Cierra Brown Hinton

Phone

9842926888

Tax Period

2022-07-01 to 2023-06-30

Carolina Beacon, founded in 1975, is a small nonprofit that reported $200K in total revenue in fiscal year 2022. Revenue surged 78% from the prior year, signaling strong growth momentum. Expenses of $272K exceeded revenue, resulting in a 36% operating deficit.

Mission

An independent source of factual news and information for the people of North Carolina, established to inform and engage the people and support their effective citizenship.

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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 (2022)

Revenue Breakdown

Contributions & Grants $200,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $200,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $270,000

Other Expenses $272,448

TOTAL EXPENSES $272,448

Year-over-Year Comparison

	2022	2021	Change
Revenue	$200,000	$112,500	+0.8%
Expenses	$272,448	$94,218	+1.9%
Net Income	$-72,448	$18,282	-5.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gerry Hancock	Member, Board of Directors	3	Director	$0	$0	$0
Joel Fleishman	Chair, Board of Directors	3	Officer Director	$0	$0	$0
Adam Abram	Treasurer, Board of Directors	3	Officer Director	$0	$0	$0
Damon Circosta	Secretary, Board of Directors	3	Officer Director	$0	$0	$0
Bill Adair	Member, Board of Directors	3	Director	$0	$0	$0
Donald A Baer	Member, Board of Directors	1	Director	$0	$0	$0
Susan King	Member, Board of Directors	1	Director	$0	$0	$0
Julie Sandorf	Member, Board of Directors	1	Director	$0	$0	$0
Shannon Beckham	Member, Board of Directors	1	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
2023	$200,000	$272,448	$8,278	$-72,448
2022	$112,500	$94,218	$80,726	$18,282
2021	$129,069	$73,769	$62,444	$55,300
2020	$184,223	$211,867	$7,234	$-27,644
2019	$147,861	$252,594	$34,889	$-104,733

Carolina Beacon