NORTH CAROLINA DERMATOLOGY ASSOCIATION (EIN 561449545) - 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

2002

Legal Domicile

Principal Officer

ASHLEY NEWTON

Phone

9198333836

Tax Period

2024-01-01 to 2024-12-31

NORTH CAROLINA DERMATOLOGY ASSOCIATION, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $321K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $367K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO BRING INTO ONE FEDERATED ORGANIZATION THE DERMATOLOGISTS OF NORTH CAROLINA SO THAT THEY MAY INTERACT FOR THE PURPOSES OF PROFESSIONAL EDUCATION, ADVOCACY FOR QUALITY PATIENT CARE, AND ADVANCEMENT OF THE PRACTICE OF DERMATOLOGY.

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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 $34,105

Program Service Revenue $286,310

Investment Income $798

Other Revenue $0

TOTAL REVENUE $321,213

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,963

Fundraising Expenses $0

Program Expenses $238,193

Other Expenses $334,268

TOTAL EXPENSES $367,231

Year-over-Year Comparison

	2024	2023	Change
Revenue	$321,213	$371,090	-0.1%
Expenses	$367,231	$349,160	+0.1%
Net Income	$-46,018	$21,930	-3.1%

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

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

$32,963

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAJ VARMA MD	PRESIDENT	1.25	Officer Director	$0	$0	$0
KIM EDHEGARD MD	PRESIDENT-ELECT	1.25	Officer Director	$0	$0	$0
DHWANI MEHTA MD	SECRETARY - TREASURER	1.25	Officer Director	$0	$0	$0
GILLY MUNAVALI MD MHA	PAST PRESIDENT	0.50	Director	$0	$0	$0
W ALAN SKIPPER CAE	SR. EXECUTIVE DIRECTOR	2.50	Officer	$15,588	$0	$15,588
ASHLEY NEWTON	EXECUTIVE DIRECTOR	3.50	Officer	$17,375	$0	$17,375

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	$321,213	$367,231	$426,628	$-46,018
2023	$371,090	$349,160	$472,646	$21,930
2022	$273,723	$296,265	$450,716	$-22,542
2021	$356,147	$172,561	$473,258	$183,586
2019	$348,281	$230,244	$342,187	$118,037
2018	$342,111	$340,469	$224,150	$1,642

NORTH CAROLINA DERMATOLOGY ASSOCIATION