NORTH CAROLINA LIFE SCIENCES ORGAN… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

LAURA GUNTER

Phone

9192818960

Tax Period

2023-10-01 to 2024-09-30

NORTH CAROLINA LIFE SCIENCES ORGANIZATION, founded in 1994, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.1M left a modest 7% surplus.

Mission

TO PROMOTE THE GENERAL WELFARE OF THE LIFE SCIENCE INDUSTRY AND TO ENHANCE ITS CONTRIBUTIONS TO THE PUBLIC WELFARE.

Program Service Accomplishments

Program 1

PROVIDE INFORMATION ON CURRENT DEVELOPMENTS OF INTEREST, EDUCATIONAL OPPORTUNITIES AND BEST PRACTICE SHARING PROGRAMS FOR ORGANIZATION MEMBERS AND OTHER LIFE SCIENCE ENTITIES.

Program 2

MONITOR STATE AND FEDERAL PUBLIC POLICY AND REPORT TO MEMBERS; ADVOCATE FOR STATE AND FEDERAL PUBLIC POLICY CONSISTENT WITH THE DEVELOPMENT OF LIFE SCIENCE ENTITIES AND TECHNOLOGIES.

Program 3

SUPPORT AND INFORM STATE-SUPPORTED ECONOMIC DEVELOPMENT AND WORKER TRAINING PROGRAMS.

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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 $2,200

Program Service Revenue $1,180,921

Investment Income $7,242

Other Revenue $0

TOTAL REVENUE $1,190,363

Expense Breakdown

Grants Paid $0

Salaries & Benefits $648,535

Fundraising Expenses $0

Other Expenses $455,600

TOTAL EXPENSES $1,104,135

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,190,363	$1,214,098	0.0%
Expenses	$1,104,135	$939,074	+0.2%
Net Income	$86,228	$275,024	-0.7%

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

$194,195

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEAL FOWLER	DIRECTOR	0.50	Director	$0	$0	$0
TOM FAGLEY	TREASURER	1.00	Officer Director	$0	$0	$0
TOM ADAMS	DIRECTOR	0.50	Director	$0	$0	$0
DANIEL AMBURN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ANDREW BARNHILL	DIRECTOR	0.50	Director	$0	$0	$0
SINU BHANDARU	DIRECTOR	0.50	Director	$0	$0	$0
MATT BOYER	DIRECTOR	0.50	Director	$0	$0	$0
JULIE MEIGS	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER CAPEL	DIRECTOR	0.50	Director	$0	$0	$0
MATTHEW COOKE	DIRECTOR	0.50	Director	$0	$0	$0
LEONARDO COSTA SIQUEIRA	DIRECTOR	0.50	Director	$0	$0	$0
DREW CUTSHAW	DIRECTOR	0.50	Director	$0	$0	$0
LISA DAVIDSON	DIRECTOR	0.50	Director	$0	$0	$0
KENT GEER	DIRECTOR	0.50	Director	$0	$0	$0
RACHEL HARDIN	DIRECTOR	0.50	Director	$0	$0	$0
CHAD HENRY	DIRECTOR	0.50	Director	$0	$0	$0
DEEPAK JAIN	DIRECTOR	0.50	Director	$0	$0	$0
PATRICK JORDAN	DIRECTOR	0.50	Director	$0	$0	$0
LAUREN JOYCE	DIRECTOR	0.50	Director	$0	$0	$0
TONI LOCKETT	DIRECTOR	0.50	Director	$0	$0	$0
MICHELLE LOGAN	DIRECTOR	0.50	Director	$0	$0	$0
BENNETT LOVE	DIRECTOR	0.50	Director	$0	$0	$0
MIKE MCBRIERTY	DIRECTOR	0.50	Director	$0	$0	$0
SHEILA MIKHAIL	DIRECTOR	0.50	Director	$0	$0	$0
JOHN MIKSZTA	DIRECTOR	0.50	Director	$0	$0	$0
BUCK PHILLIPS	DIRECTOR	0.50	Director	$0	$0	$0
DAVID POSEHN	DIRECTOR	0.50	Director	$0	$0	$0
RUSS READ	DIRECTOR	0.50	Director	$0	$0	$0
JOE RUIZ	DIRECTOR	0.50	Director	$0	$0	$0
MARLENE SANDERS-SEYE	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT SEWELL	DIRECTOR	0.50	Director	$0	$0	$0
KSENIYA SIMPSON	DIRECTOR	0.50	Director	$0	$0	$0
HEATHER SMITH	DIRECTOR	0.50	Director	$0	$0	$0
BLAKE STEVENS	DIRECTOR	0.50	Director	$0	$0	$0
JON TUCKER	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTINE VANNAIS	DIRECTOR	0.50	Director	$0	$0	$0
DANIEL VONDIELINGEN	DIRECTOR	0.50	Director	$0	$0	$0
PETER WIRTH	DIRECTOR	0.50	Director	$0	$0	$0
LAURA GUNTER	PRESIDENT	40.00	Officer	$186,726	$7,469	$194,195

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	$1,190,363	$1,104,135	$1,649,616	$86,228
2023	$1,214,098	$939,074	$1,549,604	$275,024
2022	$998,005	$868,637	$1,257,653	$129,368
2021	$953,835	$791,253	$1,141,692	$162,582
2020	$911,346	$838,826	$970,197	$72,520
2019	$925,692	$832,101	$904,427	$93,591
2018	$829,591	$760,242	$801,411	$69,349

NORTH CAROLINA LIFE SCIENCES ORGANIZATION