Cape Fear RC&D Inc

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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

Edward Davis

Phone

9107723005

Tax Period

2024-07-01 to 2025-06-30

Cape Fear RC&D Inc, founded in 1992, is a micro nonprofit in the Environment sector that reported $52K in total revenue in fiscal year 2024. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $121K exceeded revenue, resulting in a 132% operating deficit.

Mission

Cape Fear Resource Conservation & Development CFRCD Mission: Conserve natural resources while encouraging sound economic development and community development through project funding and implementation in southeastern North Carolina.

Program Service Accomplishments

Program 1

Expenses: $35,786 Revenue: $9,923

Support the Pages Creek Stormwater and Restoration Plan in New Hanover County NC to restore and protect the watershed. The plan aims to improve water quality reduce stormwater runoff and address...

Support the Pages Creek Stormwater and Restoration Plan in New Hanover County NC to restore and protect the watershed. The plan aims to improve water quality reduce stormwater runoff and address pathogenic pollution to enhance the environment and community. Your donation can make a significant impact on this transformative project. Please see Schedule O for progress and IMPACT.

Program 2

Expenses: $35,786 Revenue: $0

Support our initiative to restore the Black River Watershed by replacing culverts to enhance stream connectivity and revive fish habitats. Partnered with SARP and M&N we identified key barriers and secured a $770,000 grant to make significant progress. Your donation will help create healthier ecosystems and improve the resilience of communities in the watershed. Join us in revitalizing aquatic life and ensuring sustainable water resources for future generations. Please see Schedule O for progress and IMPACT.

Program 3

Expenses: $17,892 Revenue: $0

Support the Waccamaw River Watershed Drainage Study to address flooding in the region post-Hurricane Florence. The Waccamaw Watershed Project led by CFRCD in partnership with multiple stakeholders...

Support the Waccamaw River Watershed Drainage Study to address flooding in the region post-Hurricane Florence. The Waccamaw Watershed Project led by CFRCD in partnership with multiple stakeholders focuses on flood prevention community empowerment and environmental protection through data-driven solutions for a safer more resilient Waccamaw River community. Please see Schedule O for progress and IMPACT.

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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 $52,255

Program Service Revenue $0

Investment Income $6

Other Revenue $0

TOTAL REVENUE $52,261

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,503

Fundraising Expenses $20,795

Program Expenses $89,464

Other Expenses $29,971

TOTAL EXPENSES $121,474

Year-over-Year Comparison

	2024	2023	Change
Revenue	$52,261	$188,940	-0.7%
Expenses	$121,474	$245,887	-0.5%
Net Income	$-69,213	$-56,947	+0.2%

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

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
Dru Harrison	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
Mary Lacey Tate	Secretary Board of Directors	0.25	Officer Director	$0	$0	$0
Edward Davis	Treasurer Board of Directors	1.00	Officer Director	$0	$0	$0
Gary Lanier	Past President Board of Directors	1.00	Director	$0	$0	$0
Greg Elkins	Member Board of Directors	0.50	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
Al Daniel	Member Board of Directors	0.25	Director	$0	$0	$0
Elliot Swain	Board of Directors	1.00	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
2025	$52,261	$121,474	$34,206	$-69,213
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