NORTH CAROLINA MUNICIPAL LEASING CORPORATION (EIN 561478293) - 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

1985

Legal Domicile

Principal Officer

LISA M SAUNDERS

Phone

3367476920

Tax Period

2020-07-01 to 2021-06-30

NORTH CAROLINA MUNICIPAL LEASING CORPORATION, founded in 1985, is a community nonprofit in the Public & Societal Benefit sector that reported $4.8M in total revenue in fiscal year 2020. Revenue decreased 18% compared to the prior year.

Mission

NORTH CAROLINA MUNICIPAL LEASING CORPORATION ("NCMLC") IS A NOT-FOR-PROFIT ORGANIZATION CHARTERED FOR THE PURPOSE OF ASSISTING THE CITY OF WINSTON-SALEM, NORTH CAROLINA WITH THE ACQUISITION OF REAL AND PERSONAL PROPERTY AND FUNDING CERTAIN POST-RETIREMENT LIABILITIES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,818,253

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,818,253

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,816,763

Other Expenses $4,824,301

TOTAL EXPENSES $4,824,301

Year-over-Year Comparison

	2020	2019	Change
Revenue	$4,818,253	$5,850,683	-0.2%
Expenses	$4,824,301	$5,073,633	0.0%
Net Income	$-6,048	$777,050	-1.0%

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

Governance

Voting Members

Independent Members

N/A

Employees

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

$384,803

Total Directors

$492,786

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA M SAUNDERS	PRESIDENT	1.00	Officer Director	$0	$26,658	$196,494
WILLIAM B ROWE	VICE PRESIDENT	1.00	Officer Director	$0	$38,388	$188,309
KELLY LATHAM	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DEWEY WILLIARD	DIRECTOR	1.00	Director	$0	$11,357	$107,983

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
2021	$4,818,253	$4,824,301	$123,144,737	$-6,048
2020	$5,850,683	$5,073,633	$133,455,715	$777,050
2019	$5,172,500	$5,376,469	$120,207,615	$-203,969
2018	$6,289,560	$5,677,354	$132,614,609	$612,206

NORTH CAROLINA MUNICIPAL LEASING CORPORATION