NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION

EIN: 561391773 501(c)(3) Education

RALEIGH, NC

Total Revenue
$807,375
Total Expenses
$671,561
Total Assets
$5,492,510
Net Assets
$5,315,005
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
NC
Principal Officer
SUZANNE BROOKS
Phone
9197817979
Tax Period
2024-01-01 to 2024-12-31

NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION, founded in 1977, is a small nonprofit in the Education sector that reported $807K in total revenue in fiscal year 2024. Revenue surged 195% from the prior year, signaling strong growth momentum. The organization ran a surplus of $136K, a strong 17% operating margin.

Mission

FOCUSED ON AND COMMITTED TO THE PERSONAL, PROFESSIONAL AND FINANCIAL SUCCESS OF NORTH CAROLINA'S NEXT GENERATION.

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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 $547,537
Program Service Revenue $0
Investment Income $249,041
Other Revenue $10,797
TOTAL REVENUE $807,375

Expense Breakdown

Grants Paid $460,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $671,298
Other Expenses $211,561
TOTAL EXPENSES $671,561

Year-over-Year Comparison

2024 2023 Change
Revenue $807,375 $274,020 +1.9%
Expenses $671,561 $117,851 +4.7%
Net Income $135,814 $156,169 -0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
15
Employees
N/A
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
$1,236,313
Total Directors
21
$672,986
Key Employees
2
$475,755
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER GWALTNEY PRESIDENT & CEO 10.00
Officer Director
$0 $57,986 $672,986
BOB WASHBURN CHAIRMAN 1.00
Officer Director
$0 $0 $0
JIM MARSHALL VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
JIM HANSEN IMMEDIATE PAST CHAIR 1.00
Director
$0 $0 $0
DAVID ALLEN BOARD MEMBER 1.00
Director
$0 $0 $0
JUAN AUSTIN BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID BARKSDALE BOARD MEMBER 1.00
Director
$0 $0 $0
AMANDA LLOYD BOARD MEMBER 1.00
Director
$0 $0 $0
JIM ROSE BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS BELL BOARD MEMBER (BEGAN AUG. 2024) 1.00
Director
$0 $0 $0
DREW COVERT BOARD MEMBER 1.00
Director
$0 $0 $0
RANDY ADCOCK BOARD MEMBER (BEGAN JUNE 2024) 1.00
Director
$0 $0 $0
BILL BUNN BOARD MEMBER (BEGAN JUNE 2024) 1.00
Director
$0 $0 $0
KEITH EPSTEIN BOARD MEMBER (BEGAN JUNE 2024) 1.00
Director
$0 $0 $0
HUNTER WESTBROOK BOARD MEMBER (BEGAN JUNE 2024) 1.00
Director
$0 $0 $0
FELICIA WOODARD BOARD MEMBER (BEGAN JUNE 2024) 1.00
Director
$0 $0 $0
MIKE ATKINSON BOARD MEMBER (THRU JUNE 2024) 1.00
Director
$0 $0 $0
ROBIN HAGER BOARD MEMBER (THRU JUNE 2024) 1.00
Director
$0 $0 $0
CAROLINE TAYLOR BOARD MEMBER (THRU FEB. 2024) 1.00
Director
$0 $0 $0
DAVID WEAVER BOARD MEMBER (THRU JUNE 2024) 1.00
Director
$0 $0 $0
JEFF WHITTINGTON BOARD MEMBER (THRU JUNE 2024) 1.00
Director
$0 $0 $0
LYNN JOHNSON COO 10.00
Officer
$0 $51,640 $376,090
MARK HOLMES CFO 10.00
Officer
$0 $17,451 $187,237
NATHAN BATTS COUNSEL/SVP 10.00
Key Emp
$0 $36,867 $277,674
SUZANNE BROOKS CONTROLLER 10.00
Key Emp
$0 $33,081 $198,081
MICHELLE SUTTON CORPORATE SECRETARY/ACCT. SPECIALIST 10.00
Highest
$0 $16,707 $119,048
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 $807,375 $671,561 $5,492,510 $135,814
2023 $274,020 $117,851 $5,146,034 $156,169
2022 $86,476 $63,150 $4,857,905 $23,326
2021 $177,953 $62,799 $5,084,675 $115,154
2020 $96,005 $82,603 $4,968,354 $13,402
2019 $210,033 $195,397 $4,840,331 $14,636
2018 $548,117 $545,098 $4,692,351 $3,019
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