NORTH CAROLINA FREEENTERPRISE FOUNDATION (EIN 561782403) - 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

MIKE RUSHER

Phone

9198968347

Tax Period

2025-01-01 to 2025-12-31

NORTH CAROLINA FREEENTERPRISE FOUNDATION, founded in 1992, is a small nonprofit in the Unknown sector that reported $516K in total revenue in fiscal year 2025. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $91K, a strong 18% operating margin.

Mission

TO PROVIDE INNOVATIVE EDUCATIONAL PROGRAMS, NON-PARTISAN POLITICAL RESEARCH, AND OBJECTIVE ANALYSIS TO FOSTER INFORMED CIVIC INVOLVEMENT, DEVELOP AN UNDERSTANDING OF THE FREE ENTERPRISE ECONOMY, AND STRENGTHEN NORTH CAROLINA'S PROSPEROUS BUSINESS ENVIRONMENT.

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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 $474,395

Program Service Revenue $41,682

Investment Income $88

Other Revenue $0

TOTAL REVENUE $516,165

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $65,909

Program Expenses $298,309

Other Expenses $424,892

TOTAL EXPENSES $424,892

Year-over-Year Comparison

	2025	2024	Change
Revenue	$516,165	$343,368	+0.5%
Expenses	$424,892	$249,456	+0.7%
Net Income	$91,273	$93,912	0.0%

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

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
MIKE RUSHER	CHAIR	5.00	Officer Director	$0	$0	$0
GRANT BROOKS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
RYAN MINTO	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MICHAEL MCKNIGHT	SECRETARY	2.00	Officer Director	$0	$0	$0
EC SYKES	TREASURER	2.00	Officer Director	$0	$0	$0
BILL BROWN	DIRECTOR	1.00	Director	$0	$0	$0
JERRY BOWEN	DIRECTOR	1.00	Director	$0	$0	$0
D BOWEN HEATH	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES F FULLER	DIRECTOR	1.00	Director	$0	$0	$0
CINDY MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN PERKINS	DIRECTOR	1.00	Director	$0	$0	$0
RALPH STRAYHORN	DIRECTOR	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	$516,165	$424,892	$226,106	$91,273
2024	No data	No data	No data	No data
2023	$293,201	$265,099	$87,193	$28,102
2022	$273,278	$365,531	$120,068	$-92,253
2021	$368,778	$314,025	$113,714	$54,753
2020	$211,625	$258,530	$47,169	$-46,905
2019	$198,677	$193,670	$93,048	$5,007
2018	$284,504	$241,478	$93,772	$43,026

NORTH CAROLINA FREEENTERPRISE FOUNDATION