THE ALBEMARLE FOUNDATION INC

EIN: 561538739 501(c)(3) Housing & Shelter

TARBORO, NC

Total Revenue
$25,833
Total Expenses
$2,250
Total Assets
$1,060,272
Net Assets
$845,869
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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

Principal Officer
EDWARD ROBERSON III
Tax Period
2025-01-01 to 2025-12-31

THE ALBEMARLE FOUNDATION INC is a micro nonprofit in the Housing & Shelter sector that reported $26K in total revenue in fiscal year 2025. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $24K, a strong 91% operating margin.

Mission

TO ASSIST THE RESIDENTS OF THE ALBEMARLE LIFE CARE FACILITY WHO BECOME UNABLE TO PAY DUE TO NO FAULT OF THEIR OWN.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $25,833
Other Revenue $0
TOTAL REVENUE $25,833

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,250
Other Expenses $2,250
TOTAL EXPENSES $2,250

Year-over-Year Comparison

2025 2024 Change
Revenue $25,833 $32,388 -0.2%
Expenses $2,250 $9,282 -0.8%
Net Income $23,583 $23,106 +0.0%
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
7
Independent Members
7
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD ROBERSON III PRESIDENT N/A
Officer
$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
2025 $25,833 $2,250 $1,060,272 $23,583
2024 $32,388 $9,282 $964,848 $23,106
2023 $21,322 $750 $805,414 $20,572
2022 $17,368 $1,350 $654,268 $16,018
2021 $20,762 $600 $748,845 $20,162
2020 $14,571 $1,300 $562,874 $13,271
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