BOLL WEEVIL ERADICATION FOUNDATION… - Form 990 Financial Data

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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

ALLEN MCLAURIN

Phone

2524593130

Tax Period

2024-01-01 to 2024-12-31

BOLL WEEVIL ERADICATION FOUNDATION OF NORTH CAROLINA INC, founded in 1983, is a small nonprofit that reported $391K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $588K exceeded revenue, resulting in a 50% operating deficit.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO CARRY OUT AGRICULTURAL PROGRAMS INVOLVING THE ERADICATION OF THE BOLL WEEVIL IN NORTH CAROLINA

Program Service Accomplishments

Program 1

Expenses: $549,950 Revenue: $286,971

PROGRAM SERVICE REVENUE IS COMPOSED OF GROWER ASSESSMENTS. PROGRAM SERVICE EXPENSE IS THE EXPENSE ASSOCIATED WITH ALL AGRICULTURAL PROGRAMS INVOLVING THE ERADICATION OF THE BOLL WEEVIL IN NORTH...

PROGRAM SERVICE REVENUE IS COMPOSED OF GROWER ASSESSMENTS. PROGRAM SERVICE EXPENSE IS THE EXPENSE ASSOCIATED WITH ALL AGRICULTURAL PROGRAMS INVOLVING THE ERADICATION OF THE BOLL WEEVIL 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $286,971

Investment Income $104,351

Other Revenue $0

TOTAL REVENUE $391,322

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $549,950

Other Expenses $587,802

TOTAL EXPENSES $587,802

Year-over-Year Comparison

	2024	2023	Change
Revenue	$391,322	$439,636	-0.1%
Expenses	$587,802	$531,720	+0.1%
Net Income	$-196,480	$-92,084	+1.1%

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

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
BILL FOOTE	BOARD MEMBER	N/A	Director	$0	$0	$0
DAVID GRANT	TREASURER	N/A	Officer Director	$0	$0	$0
ALLEN MCLAURIN	CHAIRMAN	N/A	Officer Director	$0	$0	$0
DAVID PARRISH	CEO	20.00	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
2024	$391,322	$587,802	$4,083,326	$-196,480
2023	$439,636	$531,720	$4,013,061	$-92,084
2022	$485,068	$574,592	$3,876,861	$-89,524
2021	$504,045	$452,723	$4,508,023	$51,322
2020	$413,554	$1,780,159	$4,538,466	$-1,366,605
2019	$975,028	$598,194	$5,822,430	$376,834
2018	$332,216	$517,386	$5,550,647	$-185,170

BOLL WEEVIL ERADICATION FOUNDATION OF NORTH CAROLINA INC