Association Executives of North Carolina Inc

EIN: 561340540

Raleigh, NC

Total Revenue
$617,755
Total Expenses
$534,348
Total Assets
$914,570
Net Assets
$566,119
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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
1982
Legal Domicile
NC
Principal Officer
Rich Phaneuf
Phone
9198488255
Tax Period
2023-09-01 to 2024-08-31

Association Executives of North Carolina Inc, founded in 1982, is a small nonprofit that reported $618K in total revenue in fiscal year 2023. Expenses of $534K left a modest 14% surplus.

Mission

TO PROMOTE AND IMPROVE PROFESSIONALISM AND EFFECTIVENESS OF TRADE, SERVICE AND PROFESSIONAL ASSOCIATIONS.

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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 $28,217
Program Service Revenue $512,273
Investment Income $8,941
Other Revenue $68,324
TOTAL REVENUE $617,755

Expense Breakdown

Grants Paid $0
Salaries & Benefits $366,941
Fundraising Expenses $0
Other Expenses $167,407
TOTAL EXPENSES $534,348

Year-over-Year Comparison

2023 2022 Change
Revenue $617,755 $588,022 +0.1%
Expenses $534,348 $525,927 +0.0%
Net Income $83,407 $62,095 +0.3%
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
15
Independent Members
15
Employees
3
Volunteers
20

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
5
$142,342
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brian McArten Immediate Past President, Executive Committee 1.00
Officer Director
$0 $0 $0
Phil Lucey President, Executive Committee 1.00
Officer Director
$0 $0 $0
Kathryn Atkinson President Elect, Executive Committee 1.00
Officer Director
$0 $0 $0
TJ Bugbee Secretary/Treasurer, Executive Committee 1.00
Officer Director
$0 $0 $0
Robert Broome Association Board Member 1.00
Director
$0 $0 $0
Anna Beavon Gravely Association Board Member 1.00
Director
$0 $0 $0
Sarah Royster Association Board Member 1.00
Director
$0 $0 $0
Keri Epps-Rashad Association Board Member 1.00
Director
$0 $0 $0
Adam Levy Association Board Member 1.00
Director
$0 $0 $0
Trevor Johnson Association Board Member 1.00
Director
$0 $0 $0
Melissa Klingburg Association Board Member 1.00
Director
$0 $0 $0
Malinda Harrell Affiliate Board Member 1.00
Director
$0 $0 $0
Ashley Pittman Affiliate Board Member 1.00
Director
$0 $0 $0
Melissa Bucci Affiliate Board Member 1.00
Director
$0 $0 $0
Andrew Schmidt Affiliate Board Member 1.00
Director
$0 $0 $0
Rich Phaneuf CEO / Executive Director 40.00
Officer
$134,842 $7,500 $142,342
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 $617,755 $534,348 $914,570 $83,407
2023 $588,022 $525,927 $817,540 $62,095
2022 $492,206 $485,517 $745,185 $6,689
2021 $436,495 $463,485 $524,241 $-26,990
2020 $542,831 $461,358 $685,076 $81,473
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