BASSETT SOCIETY INC

EIN: 561655559 501(c)(3)

DURHAM, NC

Total Revenue
$48,852
Total Expenses
$47,518
Total Assets
$190,302
Net Assets
$190,302
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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
NC
Principal Officer
CLAUDE T MOORMAN III
Tax Period
2018-01-01 to 2018-12-31

BASSETT SOCIETY INC, founded in 1985, is a micro nonprofit that reported $49K in total revenue in fiscal year 2018. Revenue fell 31% from the prior year — a significant decline worth monitoring. Net assets of $190K represent 47 months of operating reserves.

Mission

SCHOLARSHIP TO ALL PERSONS THAT LETTERED IN A DUKE VARSITY SPORT AND WHO MATRICULATE IN MEDICAL OR DENTAL SCHOOL.

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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 (2018)

Revenue Breakdown

Contributions & Grants $41,936
Program Service Revenue $0
Investment Income $6,916
Other Revenue $0
TOTAL REVENUE $48,852

Expense Breakdown

Grants Paid $30,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $47,518
Other Expenses $17,518
TOTAL EXPENSES $47,518

Year-over-Year Comparison

2018 2017 Change
Revenue $48,852 $71,255 -0.3%
Expenses $47,518 $55,240 -0.1%
Net Income $1,334 $16,015 -0.9%
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
6
Independent Members
6
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
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLAUDE T MOORMAN III EXEC TREAS N/A
Officer Director
$0 $0 $0
DEAN TAYLOR EXEC SECY N/A
Officer Director
$0 $0 $0
KAREN SUTTON PRESIDENT N/A
Officer Director
$0 $0 $0
BRIAN KRENSEL PRESIDENT EL N/A
Officer Director
$0 $0 $0
BILL OBREMSKEY IMMEDIATE PA N/A
Officer Director
$0 $0 $0
PATTI DUKE RECORDING SE N/A
Officer 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
2018 $48,852 $47,518 $190,302 $1,334
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