WAKE COUNTY BAR ASSOCIATION FOUNDATION (EIN 561673401) - 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

1989

Legal Domicile

Principal Officer

WHITNEY VON HAAM

Phone

9196779903

Tax Period

2024-01-01 to 2024-12-31

WAKE COUNTY BAR ASSOCIATION FOUNDATION, founded in 1989, is a small nonprofit that reported $248K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $81K, a strong 33% operating margin.

Mission

TO PROMOTE COMMUNITY ACTIVITIES REGARDING THE LEGAL PROFESSION

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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 $263,561

Program Service Revenue $0

Investment Income $7,261

Other Revenue $-22,499

TOTAL REVENUE $248,323

Expense Breakdown

Grants Paid $154,832

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $167,145

Other Expenses $12,313

TOTAL EXPENSES $167,145

Year-over-Year Comparison

	2024	2023	Change
Revenue	$248,323	$205,267	+0.2%
Expenses	$167,145	$187,168	-0.1%
Net Income	$81,178	$18,099	+3.5%

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

$90,963

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY MILLER	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
ELYSIA M PRENDERGAST-JONES	TREASURER	1.00	Officer Director	$0	$0	$0
TIFFANY COX	SECRETARY	1.00	Officer Director	$0	$0	$0
SARAH PRIVETTE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JUDGE CHRISTINE WALCZYK	BOARD MEMBER	1.00	Director	$0	$0	$0
KENDRA STARK	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE ROBINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
WILL OWENS	BOARD MEMBER	1.00	Director	$0	$0	$0
DEAN J RICH LEONARD	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER M JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTEN BEIGHTOL	BOARD MEMBER	1.00	Director	$0	$0	$0
WHITNEY VON HAAM	EXECUTIVE DIRECTOR	2.00	Officer	$0	$14,322	$90,963

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	$248,323	$167,145	$345,431	$81,178
2023	$205,267	$187,168	$254,423	$18,099

WAKE COUNTY BAR ASSOCIATION FOUNDATION