RESIDENT LENDERS OF NORTH CAROLINA

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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

1981

Legal Domicile

Phone

8432800130

Tax Period

2024-07-01 to 2025-06-30

RESIDENT LENDERS OF NORTH CAROLINA, founded in 1981, is a small nonprofit that reported $274K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

TO PROMOTE THE INTERESTS OF THE CONSUMER FINANCE LENDERS OF NORTH CAROLINA AND TO PROMOTE THE WISE USE OF CASH CREDIT BY THE CITIZENS OF NORTH CAROLINA.

Program Service Accomplishments

Program 1

Expenses: $161,914

THE ASSOCIATION HIRED SEVERAL CONSULTING FIRMS TO ASSIST THE MEMBERS IN FORMULATING INFORMATION USEFUL TO THEM AND TO THE CITIZENS AND GOVERNMENTAL AUTHORITIES OF NORTH CAROLINA.

Program 2

Expenses: $77,332 Revenue: $68,755

THE ASSOCIATION HELD TWO STATEWIDE CONVENTIONS FOR THE PURPOSES OF EDUCATION AND SELF-REGULATION. THE MEMBERS DISCUSSED AND VOTED ON ISSUES AFFECTING THEM. APPROXIMATELY 200 MEMBERS ATTENDED THE...

THE ASSOCIATION HELD TWO STATEWIDE CONVENTIONS FOR THE PURPOSES OF EDUCATION AND SELF-REGULATION. THE MEMBERS DISCUSSED AND VOTED ON ISSUES AFFECTING THEM. APPROXIMATELY 200 MEMBERS ATTENDED THE CONVENTIONS.

Program 3

Expenses: $26,513

HURRICANE HELENE HIT WESTERN NORTH CAROLINA IN SEPTEMBER 2024. MANY OF THE ASSOCIATIONS CUSTOMERS LIVE IN AREAS THAT WERE DEVASTATED BY THE STORM. THE ASSOCIATION CONTRIBUTED A TOTAL OF $25,000 TO...

HURRICANE HELENE HIT WESTERN NORTH CAROLINA IN SEPTEMBER 2024. MANY OF THE ASSOCIATIONS CUSTOMERS LIVE IN AREAS THAT WERE DEVASTATED BY THE STORM. THE ASSOCIATION CONTRIBUTED A TOTAL OF $25,000 TO VARIOUS ENTITIES TO HELP PROVIDE ASSITANCE TO THOSE EFFECTED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $202,500

Program Service Revenue $68,755

Investment Income $3,143

Other Revenue $0

TOTAL REVENUE $274,398

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $273,182

Other Expenses $268,559

TOTAL EXPENSES $293,559

Year-over-Year Comparison

	2024	2023	Change
Revenue	$274,398	$304,864	-0.1%
Expenses	$293,559	$291,045	+0.0%
Net Income	$-19,161	$13,819	-2.4%

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
BLANTON EVERETTE	PRESIDENT	2.00	Officer Director	$0	$0	$0
KIM KOEHLER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
PAM SMITH	TREASURER	2.00	Officer Director	$0	$0	$0
CHASSIDY CUNNINGHAM	SECRETARY	2.00	Officer Director	$0	$0	$0
PAULA PRIDGEN	DIRECTOR	1.00	Director	$0	$0	$0
BURNIE STAPLES	DIRECTOR	1.00	Director	$0	$0	$0
JED RANKIN	DIRECTOR	1.00	Director	$0	$0	$0
SHANE MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
ERIN WAGNER	IMMEDIATE PAST PRESIDENT	1.00	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	$274,398	$293,559	$341,367	$-19,161
2024	$304,864	$291,045	$360,528	$13,819
2023	$295,031	$311,195	$346,709	$-16,164
2022	$300,197	$287,017	$362,873	$13,180
2021	$238,464	$203,196	$350,893	$35,268
2020	$250,380	$276,650	$314,425	$-26,270
2019	$255,919	$287,627	$340,695	$-31,708
2018	$298,032	$257,769	$372,403	$40,263