NC STATE UNIVERSITY PARTNERSHIP CORPORATION

EIN: 561444287 501(c)(3)

RALEIGH, NC

Total Revenue
$13,680,501
Total Expenses
$12,919,629
Total Assets
$46,730,976
Net Assets
$23,330,993
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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
1984
Legal Domicile
NC
Principal Officer
DANA R HARRIS
Phone
9195137149
Tax Period
2024-07-01 to 2025-06-30

NC STATE UNIVERSITY PARTNERSHIP CORPORATION, founded in 1984, is a mid-sized nonprofit that reported $13.7M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $12.9M left a modest 6% surplus.

Mission

TO SUPPORT AND BENEFIT NORTH CAROLINA STATE UNIVERSITY WITH THE AIM OF CREATING NEW KNOWLEDGE AND IMPROVING THE LIVES OF THE PEOPLE OF 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,625,000
Program Service Revenue $4,691,384
Investment Income $769,815
Other Revenue $2,594,302
TOTAL REVENUE $13,680,501

Expense Breakdown

Grants Paid $5,625,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $12,139,936
Other Expenses $7,294,629
TOTAL EXPENSES $12,919,629

Year-over-Year Comparison

2024 2023 Change
Revenue $13,680,501 $11,515,247 +0.2%
Expenses $12,919,629 $11,890,211 +0.1%
Net Income $760,872 $-374,964 -3.0%
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
4
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
6
$1,957,201
Total Directors
5
$1,829,459
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WARWICK A ARDEN VICE PRESIDENT 1.00
Officer Director
$0 $56,590 $576,553
DANA R HARRIS PRESIDENT/EXECUTIVE DIRECTOR 1.00
Officer Director
$0 $79,282 $369,572
CHARLES A MAIMONE TREASURER 1.00
Officer Director
$0 $112,636 $538,936
ALYSON WILSON SECRETARY UNTIL 6/27/2025 1.00
Officer Director
$0 $49,447 $344,398
KRISTA WALTON SECRETARY START 6/28/2025 1.00
Officer Director
$0 $0 $0
TABITHA GROELLE ASSISTANT SECRETARY 1.00
Officer
$0 $31,649 $127,742
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
2025 $13,680,501 $12,919,629 $46,730,976 $760,872
2024 $11,515,247 $11,890,211 $37,728,466 $-374,964
2023 $3,002,660 $4,378,496 $36,791,362 $-1,375,836
2022 $2,923,196 $3,794,667 $32,808,243 $-871,471
2021 $8,028,550 $6,806,595 $25,242,757 $1,221,955
2020 $6,394,578 $6,074,558 $24,398,197 $320,020
2019 $1,002,532 $2,081,872 $21,975,900 $-1,079,340
2018 $1,004,997 $4,766,924 $23,572,451 $-3,761,927
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