WAKE COUNTY BAR ASSOCIATION INC (EIN 561725289) - 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

1925

Legal Domicile

Principal Officer

WHITNEY VON HAAM

Phone

9196779903

Tax Period

2024-01-01 to 2024-12-31

WAKE COUNTY BAR ASSOCIATION INC, founded in 1925, is a small nonprofit in the Crime & Legal sector that reported $556K in total revenue in fiscal year 2024.

Mission

CIVIC/SOCIAL FUNCTIONS FOR ATTORNEYS

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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 $535,682

Program Service Revenue $11,993

Investment Income $3,993

Other Revenue $4,650

TOTAL REVENUE $556,318

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $240,094

Fundraising Expenses $0

Other Expenses $305,165

TOTAL EXPENSES $555,259

Year-over-Year Comparison

	2024	2023	Change
Revenue	$556,318	$537,713	+0.0%
Expenses	$555,259	$463,606	+0.2%
Net Income	$1,059	$74,107	-1.0%

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

Volunteers

150

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
TIFFANY COX	SECRETARY	2.00	Officer Director	$0	$0	$0
ELYSIA M PRENDERGAST-JONES	TREASURER	2.00	Officer Director	$0	$0	$0
KIMBERLY MILLER	PRESIDENT ELECT	7.00	Officer Director	$0	$0	$0
SARAH PRIVETTE	PRESIDENT	12.00	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 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	16.00	Officer	$76,641	$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	$556,318	$555,259	$696,746	$1,059
2023	$537,713	$463,606	$787,419	$74,107
2022	$456,972	$438,438	$709,767	$18,534
2021	$442,721	$387,432	$702,917	$55,289
2020	$404,843	$385,020	$644,750	$19,823
2019	$429,371	$430,787	$637,420	$-1,416
2018	$394,344	$389,031	$411,089	$5,313

WAKE COUNTY BAR ASSOCIATION INC