Cape Fear Rc&D Inc (EIN 561774505) - 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

1992

Legal Domicile

Principal Officer

Gary Lanier

Phone

9107723005

Tax Period

2023-07-01 to 2024-06-30

Cape Fear Rc&D Inc, founded in 1992, is a small nonprofit in the Environment sector that reported $189K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $246K exceeded revenue, resulting in a 30% operating deficit.

Mission

Mission: Conserve natural resources while encouraging sound economic development and community development through project funding and implementation in southeastern North Carolina.

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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 (2023)

Revenue Breakdown

Contributions & Grants $20,559

Program Service Revenue $168,381

Investment Income $0

Other Revenue $0

TOTAL REVENUE $188,940

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,656

Fundraising Expenses $1,071

Program Expenses $239,382

Other Expenses $152,231

TOTAL EXPENSES $245,887

Year-over-Year Comparison

	2023	2022	Change
Revenue	$188,940	$264,177	-0.3%
Expenses	$245,887	$220,503	+0.1%
Net Income	$-56,947	$43,674	-2.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gary Lanier	President Board of Directors	2.00	Officer Director	$0	$0	$0
Dean Morris	Vice President Board of Directors	1.00	Officer Director	$0	$0	$0
0	Secretary Board of Directors	0.25	Officer Director	$0	$0	$0
Dru Harrison	Treasurer Board of Directors	1.00	Officer Director	$0	$0	$0
Kyle Breuer	Past President Board of Directors	1.00	Director	$0	$0	$0
Greg Elkins	Member Board of Directors	0.50	Director	$0	$0	$0
Bryant Shephard	Member Board of Directors	0.00	Director	$0	$0	$0
Kirstie Dixon	Member Board of Directors	0.50	Director	$0	$0	$0
Jimmy Smith	Member Board of Directors	1.50	Director	$0	$0	$0
Dalton Dockery	Member Board of Directors	0.25	Director	$0	$0	$0
Al Daniel	Member Board of Directors	0.25	Director	$0	$0	$0
Danielle Darkangelo	Executive Director	40.00	Highest	$85,000	$0	$85,000

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	No data	No data	No data	No data
2024	$188,940	$245,887	$105,668	$-56,947
2022	$162,280	$73,141	$112,312	$89,139
2020	$140,413	$139,826	$62,443	$587
2019	$61,168	$72,419	$54,794	$-11,251

Cape Fear Rc&D Inc