NORTH CAROLINA LEGAL EDUCATION ASSISTANCE FOUNDATION (EIN 561682398) - 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

BRANDI LEIGH WICCLAIR

Phone

9198456089

Tax Period

2024-07-01 to 2025-06-30

NORTH CAROLINA LEGAL EDUCATION ASSISTANCE FOUNDATION, founded in 1989, is a small nonprofit that reported $670K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $171K, a strong 25% operating margin.

Mission

PROVIDES EDUCATIONAL LOAN REPAYMENT ASSISTANCE TO NORTH CAROLINA PUBLIC INTEREST ATTORNEYS THAT MEET QUALIFICATIONS.

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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 $609,600

Program Service Revenue $18,816

Investment Income $31,314

Other Revenue $10,361

TOTAL REVENUE $670,091

Expense Breakdown

Grants Paid $269,597

Salaries & Benefits $124,147

Fundraising Expenses $0

Program Expenses $405,318

Other Expenses $105,480

TOTAL EXPENSES $499,224

Year-over-Year Comparison

	2024	2023	Change
Revenue	$670,091	$543,979	+0.2%
Expenses	$499,224	$444,602	+0.1%
Net Income	$170,867	$99,377	+0.7%

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

$121,881

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDI LEIGH WICCLAIR	EXECUTIVE DI	40.00	Officer	$121,881	$0	$121,881
JOHN AHLERS	DIRECTOR	1.00	Director	$0	$0	$0
STELLA BOSWELL	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JIM GRANT	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM PURCELL II	DIRECTOR	1.00	Director	$0	$0	$0
ALAN WOODLIEF JR	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MABE JR	DIRECTOR	1.00	Director	$0	$0	$0
DEVI PATEL	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN PERRY	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM POLLOCK	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL DAVID WATERS	PRESIDENT	1.00	Officer Director	$0	$0	$0
WILLIS WHICHARD	DIRECTOR	1.00	Director	$0	$0	$0
ERIC ZOGRY	SECRETARY	1.00	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
2025	$670,091	$499,224	$1,347,057	$170,867
2024	No data	No data	No data	No data
2023	$660,410	$234,779	$1,100,422	$425,631
2022	$690,104	$239,099	$655,083	$451,005
2021	$141,967	$145,272	$205,672	$-3,305
2020	$392,700	$398,798	$204,516	$-6,098
2019	$427,441	$441,985	$217,354	$-14,544
2018	$361,363	$369,832	$219,268	$-8,469

NORTH CAROLINA LEGAL EDUCATION ASSISTANCE FOUNDATION