NORTH CAROLINA CPA FOUNDATION INC

EIN: 561273347 501(c)(3)

RALEIGH, NC

Total Revenue
$200,551
Total Expenses
$163,395
Total Assets
$1,270,180
Net Assets
$1,221,922
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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
NC
Principal Officer
LARA NICOLE VANN
Phone
9194691040
Tax Period
2024-05-01 to 2025-04-30

NORTH CAROLINA CPA FOUNDATION INC, founded in 1980, is a small nonprofit that reported $201K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $37K, a strong 19% operating margin.

Mission

TO FURTHER DEVELOPMENT OF ACCOUNTING EDUCATION AND PROFESSION 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $173,120
Program Service Revenue $0
Investment Income $27,431
Other Revenue $0
TOTAL REVENUE $200,551

Expense Breakdown

Grants Paid $152,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $152,500
Other Expenses $10,895
TOTAL EXPENSES $163,395

Year-over-Year Comparison

2024 2023 Change
Revenue $200,551 $219,738 -0.1%
Expenses $163,395 $141,310 +0.2%
Net Income $37,156 $78,428 -0.5%
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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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
15

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
8
$510,661
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMETHIA CLAY MEMBER 1.00
Officer Director
$0 $0 $0
ANTONETTE LOCKETT VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
CHRISTINA HOWARD MEMBER 1.00
Director
$0 $0 $0
DAN LAVELLE MEMBER 1.00
Director
$0 $0 $0
DR MALLISSA DAVI MEMBER 1.00
Director
$0 $0 $0
DR ROBY SAWYERS MEMBER 1.00
Director
$0 $0 $0
JEANETTE FRANZEL MEMBER 1.00
Director
$0 $0 $0
JENNIFER SHOFFNER TREASURER 1.00
Officer Director
$0 $0 $0
KAREN GASKILL MEMBER 1.00
Director
$0 $0 $0
KATIE PATTERSON MEMBER 1.00
Officer Director
$0 $0 $0
KELLI ROBERTS MEMBER 1.00
Director
$0 $0 $0
KINGSLEY IFEDI MEMBER 1.00
Director
$0 $0 $0
MADISON WILLIAMS MEMBER 1.00
Director
$0 $0 $0
MICHELLE TRACZ CPA CFE IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
RACHEL ANNAELISE CHANEY PRESIDENT 1.00
Officer Director
$0 $0 $0
LARA VANN DIRECTOR OF FINANCE & ADMI 1.00
Officer
$0 $27,538 $180,328
MARK SOTICHECK CHIEF EXECUTIVE OFFICER 1.00
Officer
$0 $55,996 $330,333
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 $200,551 $163,395 $1,270,180 $37,156
2024 $219,738 $141,310 $1,140,573 $78,428
2023 $164,690 $119,928 $1,034,638 $44,762
2022 $249,238 $142,956 $960,710 $106,282
2021 $130,570 $126,166 $914,586 $4,404
2020 $225,121 $179,066 $781,506 $46,055
2019 $208,732 $155,059 $791,259 $53,673
2018 $147,356 $16,746 $720,320 $130,610
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