The North Carolina Arboretum Socie… - Form 990 Financial Data

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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

1990

Legal Domicile

Principal Officer

Drake Fowler

Phone

8286652492

Tax Period

2024-07-01 to 2025-06-30

The North Carolina Arboretum Society, founded in 1990, is a community nonprofit in the Environment sector that reported $6.8M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $6.2M left a modest 10% surplus.

Mission

THE PROMOTION OF THE NORTH CAROLINA ARBORETUM AND PROVIDING FINANCIAL AND VOLUNTEER ASSISTANCE TO THE ARBORETUM

Program Service Accomplishments

Program 1

Expenses: $2,686,042 Revenue: $282,160

EDUCATIONAL PROGRAMS - PROVIDED OUTREACH AND ENGAGEMENT THROUGH ADULT AND YOUTH EDUCATION TO PROMOTE ENVIRONMENTAL SUSTAINABILITY AWARENESS AND INCREASED SCIENCE LITERACY. OFFERED GUIDED AND...

EDUCATIONAL PROGRAMS - PROVIDED OUTREACH AND ENGAGEMENT THROUGH ADULT AND YOUTH EDUCATION TO PROMOTE ENVIRONMENTAL SUSTAINABILITY AWARENESS AND INCREASED SCIENCE LITERACY. OFFERED GUIDED AND SELF-GUIDED PROGRAMS FOR LOCAL TEACHERS TO UTILIZE THE FOREST, STREAMS, AND GARDENS WITHIN THE ARBORETUM TO PROVIDE HANDS-ON, GRADE APPROPRIATE, INFORMATIVE OUTDOOR EXPERIENCES. MAINTAINED AN EXHIBIT DETAILING HOW CITIZENS CAN ASSIST SCIENTISTS WITH RESEARCH VIA THE CITIZENS SCIENCE PROGRAM.

Program 2

Expenses: $1,179,872 Revenue: $1,230,192

WINTER LIGHTS PROGRAM - WINTER LIGHTS IS A THREE-ACRE NIGHTLY WALKING TOUR OF THE NATIONALLY KNOWN GARDENS OF THE ARBORETUM, INCLUDING ITS QUILT GARDEN AND BONSAI EXHIBITS. THE PROGRAM HAS MUSIC AND...

Program 3

Expenses: $566,029 Revenue: $1,473,644

MEMBERSHIP - OFFERS ANNUAL MEMBERSHIPS TO SOCIETY MEMBERS, AN ANNUAL MEMBERSHIP MEETING, AND SPECIAL PROGRAMMING FOR MEMBERS. MEMBERSHIP INCOME IS PRESENTED AS CONTRIBUTIONS.

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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 $3,813,908

Program Service Revenue $1,575,500

Investment Income $139,712

Other Revenue $1,301,964

TOTAL REVENUE $6,831,084

Expense Breakdown

Grants Paid $7,577

Salaries & Benefits $0

Fundraising Expenses $608,831

Program Expenses $4,431,943

Other Expenses $6,155,819

TOTAL EXPENSES $6,163,396

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,831,084	$5,570,659	+0.2%
Expenses	$6,163,396	$6,250,325	0.0%
Net Income	$667,688	$-679,666	-2.0%

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

Employees

N/A

Volunteers

307

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Faith Doyle	Chair	1.00	Officer Director	$0	$0	$0
Dr Rebecca I Ayres	Secretary	1.00	Officer Director	$0	$0	$0
Jess Benton	Treasurer	1.00	Officer Director	$0	$0	$0
Michael Tanner	Board Member	1.00	Director	$0	$0	$0
Felix Laughlin	Board Member	1.00	Director	$0	$0	$0
Brian Grossman	Board Member	1.00	Director	$0	$0	$0
Jim Floyd	Vice-Chair	1.00	Officer Director	$0	$0	$0
Drake Fowler	President/Executive Direct	1.00	Officer Director	$0	$0	$0
Cheryl McMurry Kaynard	Ex-Officio	0.00	Director	$0	$0	$0
Steven Lee Johnson	Board Member	1.00	Director	$0	$0	$0
Karen Stark	Board Member	1.00	Director	$0	$0	$0
Francee Healy	Board Member	1.00	Director	$0	$0	$0
Laura Nichols	Board Member	1.00	Director	$0	$0	$0
Mary Rubin	Board Member	1.00	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	$6,831,084	$6,163,396	$4,515,745	$667,688
2024	$5,570,659	$6,250,325	$4,062,622	$-679,666
2023	$5,868,541	$5,578,120	$4,383,032	$290,421
2022	$5,608,957	$4,864,457	$3,736,133	$744,500
2021	$3,718,098	$5,094,630	$3,394,005	$-1,376,532

The North Carolina Arboretum Society