NORTH CAROLINA GOVERNMENT FINANCE OFFICERS ASSOCIATION (EIN 561397373) - 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

1953

Legal Domicile

Principal Officer

PEGGY REECE

Phone

9197154000

Tax Period

2024-01-01 to 2024-12-31

NORTH CAROLINA GOVERNMENT FINANCE OFFICERS ASSOCIATION, founded in 1953, is a small nonprofit in the Public & Societal Benefit sector that reported $488K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $542K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE NORTH CAROLINA GOVERNMENT FINANCE OFFICERS ASSOCIATION (NCGFOA) IS A PROFESSIONAL ASSOCIATION OF LOCAL GOVERNMENT FINANCE PROFESSIONALS IN THE STATE OF NORTH CAROLINA. THE PURPOSE OF THE ASSOCIATION IS TO EDUCATE ITS MEMBERS AND TO FURTHER THE FIELD OF LOCAL GOVERNMENT FINANCE IN OUR STATE. THE ASSOCIATION PRIMARILY ACCOMPLISHES ITS GOAL BY ORGANIZING AND HOSTING EDUCATIONAL CONFERENCES EACH YEAR.

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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 $335,725

Program Service Revenue $141,251

Investment Income $10,843

Other Revenue $0

TOTAL REVENUE $487,819

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $542,355

TOTAL EXPENSES $542,355

Year-over-Year Comparison

	2024	2023	Change
Revenue	$487,819	$381,344	+0.3%
Expenses	$542,355	$609,672	-0.1%
Net Income	$-54,536	$-228,328	-0.8%

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
PEGGY REECE	PRESIDENT	4.00	Officer Director	$0	$0	$0
ZACHARY HEWETT	PRESIDENT-ELECT	2.00	Officer Director	$0	$0	$0
TIM FLORA	TREASURER/SECRETARY	3.00	Officer Director	$0	$0	$0
THOMAS WRENN	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID BOYD	DIRECTOR	1.00	Director	$0	$0	$0
CALEB HOGAN	DIRECTOR	1.00	Director	$0	$0	$0
NIKKI DICKERSON STANTON	DIRECTOR	1.00	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	$487,819	$542,355	$581,771	$-54,536
2023	$451,301	$438,887	$633,966	$12,414
2023	$381,344	$609,672	$405,817	$-228,328
2022	$381,391	$198,465	$622,376	$182,926
2021	$69,264	$152,861	$437,736	$-83,597
2020	$416,803	$272,748	$521,333	$144,055
2019	$386,811	$235,980	$377,278	$150,831

NORTH CAROLINA GOVERNMENT FINANCE OFFICERS ASSOCIATION