North Carolina Shipping Association Inc (EIN 561360185) - 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

1983

Legal Domicile

Principal Officer

Paul Lokey

Phone

9103954888

Tax Period

2020-01-01 to 2020-12-31

North Carolina Shipping Association Inc, founded in 1983, is a small nonprofit that reported $223K in total revenue in fiscal year 2020. Revenue decreased 19% compared to the prior year. Expenses of $201K left a modest 10% surplus.

Mission

Promote and Improve Labor Relations between Steamship Agents and Longshoremens Association

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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 (2020)

Revenue Breakdown

Contributions & Grants $223,051

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $223,051

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $195,772

TOTAL EXPENSES $201,380

Year-over-Year Comparison

	2020	2019	Change
Revenue	$223,051	$276,484	-0.2%
Expenses	$201,380	$248,479	-0.2%
Net Income	$21,671	$28,005	-0.2%

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

N/A

Employees

N/A

Volunteers

N/A

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
William Helms	Consultant	004.00	Director	$0	$0	$0
Adam Balderson	Member	004.00	Director	$0	$0	$0
Terry Syndor	Member	004.00	Director	$0	$0	$0
Paul Lokey	President	004.00	Officer	$0	$0	$0
Brittany Margle	Secretary	015.00	Officer	$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
2020	$223,051	$201,380	$438,040	$21,671
2019	$276,484	$248,479	$136,351	$28,005

North Carolina Shipping Association Inc