THE NORTH CAROLINA SEAFOOD FESTIVAL INC (EIN 561781945) - 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

1987

Legal Domicile

Principal Officer

NICK EATMON

Phone

2527266273

Tax Period

2025-01-01 to 2025-12-31

THE NORTH CAROLINA SEAFOOD FESTIVAL INC, founded in 1987, is a small nonprofit that reported $155K in total revenue in fiscal year 2025. Revenue decreased 14% compared to the prior year. Expenses of $290K exceeded revenue, resulting in a 87% operating deficit.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT FUNCTION IS TO PROMOTE THE POSITIVE SOCIAL AND ECONOMIC IMPACT OF THE SEAFOOD INDUSTRY ON THE CITIZENS OF NORTH CAROLINA AND TO EDUCATE THE PUBLIC ABOUT SEAFOOD AND ITS IMPORTANCE TO THE STATE'S ECONOMY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $88,500

Program Service Revenue $0

Investment Income $2,103

Other Revenue $64,845

TOTAL REVENUE $155,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,469

Fundraising Expenses $76,776

Program Expenses $91,882

Other Expenses $195,590

TOTAL EXPENSES $290,059

Year-over-Year Comparison

	2025	2024	Change
Revenue	$155,448	$181,725	-0.1%
Expenses	$290,059	$299,168	0.0%
Net Income	$-134,611	$-117,443	+0.1%

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
GEORGE BALLOU	EXECUTIVE CO	N/A	Director	$0	$0	$0
KRISTA BOYETTE	DIRECTOR	N/A	Director	$0	$0	$0
DALE GILLIKIN	EXECUTIVE CO	N/A	Director	$0	$0	$0
JOHNATHAN ROBERTS	EXECUTIVE CO	N/A	Director	$0	$0	$0
KIRBY SLOAN	EXECUTIVE CO	N/A	Officer Director	$0	$0	$0
KIM TYNES	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL TURNER	DIRECTOR	N/A	Director	$0	$0	$0
KENNY BRADBERRY	CHAIR	N/A	Director	$0	$0	$0
BRANDON WICKIZER	DIRECTOR	N/A	Director	$0	$0	$0
BOB SHERWELL	TREASURER	N/A	Officer Director	$0	$0	$0
THOMAS GRAVITT	DIRECTOR	N/A	Director	$0	$0	$0
AMBER HUGHES	DIRECTOR	N/A	Officer Director	$0	$0	$0
EMILY COLLINS	DIRECTOR	N/A	Director	$0	$0	$0
BRAXTON DAVIS	DIRECTOR	N/A	Director	$0	$0	$0
TERRI DEW	DIRECTOR	N/A	Director	$0	$0	$0
JONATHAN GODWIN	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTOPHER WILLIAMS	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN BROWN	DIRECTOR	N/A	Director	$0	$0	$0
DANIELLE KELLY	DIRECTOR	N/A	Director	$0	$0	$0
ALTA SWAIN	DIRECTOR	N/A	Director	$0	$0	$0
CATHY FULCHER	DIRECTOR	N/A	Director	$0	$0	$0
ZACH DAVIS	DIRECTOR	N/A	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	$155,448	$290,059	$63,069	$-134,611
2024	$181,725	$299,168	$211,620	$-117,443
2023	$272,098	$291,880	$329,669	$-19,782
2022	$307,366	$262,218	$350,838	$45,148
2021	$284,089	$170,334	$302,337	$113,755
2020	$111,285	$181,950	$186,846	$-70,665
2019	$296,139	$342,686	$260,070	$-46,547
2018	$222,118	$249,958	$304,069	$-27,840

THE NORTH CAROLINA SEAFOOD FESTIVAL INC