NORTH CAROLINA TECHNOLOGY ASSOCIATION (EIN 561821165) - 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

1993

Legal Domicile

Principal Officer

BROOKS RAIFORD

Phone

9198560393

Tax Period

2023-01-01 to 2023-12-31

NORTH CAROLINA TECHNOLOGY ASSOCIATION, founded in 1993, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE THE ELECTRONICS AND INFORMATION TECHNOLOGY INDUSTRIES THROUGHOUT NORTH CAROLINA THROUGH EDUCATIONAL SEMINARS, PROGRAMS, NEWSLETTERS AND GOVERNMENT MONITORING.

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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 $1,064,835

Program Service Revenue $220,887

Investment Income $2,383

Other Revenue $488,818

TOTAL REVENUE $1,776,923

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,344,550

Fundraising Expenses $0

Other Expenses $493,104

TOTAL EXPENSES $1,837,654

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,776,923	$1,615,947	+0.1%
Expenses	$1,837,654	$1,672,951	+0.1%
Net Income	$-60,731	$-57,004	+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

300

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

$672,735

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATALIE BATTEN	CHAIR	2.00	Officer Director	$0	$0	$0
BRIAN GREGORY	VICE CHAIR	2.00	Director	$0	$0	$0
RON WAINWRIGHT JR	TREASURER	2.00	Officer Director	$0	$0	$0
LARRY ROBBINS	SECRETARY	2.00	Officer Director	$0	$0	$0
BRIAN BAKER	MEMBER	1.00	Director	$0	$0	$0
PAUL CHUNN	MEMBER	1.00	Director	$0	$0	$0
BOJAN CUKIC	MEMBER	1.00	Director	$0	$0	$0
MARK DIRKS	MEMBER	1.00	Officer Director	$0	$0	$0
CHRIS DOWNIE	MEMBER	1.00	Director	$0	$0	$0
TAMRA FRENCH	MEMBER	1.00	Director	$0	$0	$0
TRISH HALLEY	MEMBER	1.00	Director	$0	$0	$0
SEAN HAYES	MEMBER	1.00	Director	$0	$0	$0
JON HEATON	MEMBER	1.00	Director	$0	$0	$0
RAMA KANDALA	MEMBER	1.00	Director	$0	$0	$0
BYRON KIRKLAND	MEMBER	1.00	Director	$0	$0	$0
RYAN MCCURDY	MEMBER	1.00	Director	$0	$0	$0
DAN MINTO	MEMBER	1.00	Director	$0	$0	$0
BRIAN MOFFETT	MEMBER	1.00	Director	$0	$0	$0
ARTHUR PHIDD	MEMBER	1.00	Director	$0	$0	$0
EBAN SCANLAN	MEMBER	1.00	Director	$0	$0	$0
LAURIE SCHAEFER	MEMBER	1.00	Director	$0	$0	$0
JOAN SMEMOE	MEMBER	1.00	Director	$0	$0	$0
DEWAYNE SOUTHERN	MEMBER	1.00	Director	$0	$0	$0
KEVIN WALKER	MEMBER	1.00	Director	$0	$0	$0
MARK WRIGHT	MEMBER	1.00	Director	$0	$0	$0
BROOKS RAIFORD	PRESIDENT	40.00	Officer	$480,534	$31,116	$511,650
MICHELLE CALTON	VICE PRESIDENT	40.00	Officer	$131,148	$29,937	$161,085
TRACY STERNBERG	DIRECTOR PROGRAMS/SPONSORS	40.00	Highest	$104,379	$17,118	$121,497

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	No data	No data	No data	No data
2023	$1,776,923	$1,837,654	$1,335,636	$-60,731
2022	$1,615,947	$1,672,951	$1,353,934	$-57,004
2021	$1,458,106	$1,429,858	$1,304,382	$28,248
2020	$1,462,380	$1,505,814	$1,201,698	$-43,434
2019	$1,594,482	$1,542,726	$1,052,496	$51,756
2018	$1,804,594	$1,633,805	$1,119,812	$170,789

NORTH CAROLINA TECHNOLOGY ASSOCIATION