PROJECT CHALLENGE NORTH CAROLINA INC (EIN 561904030) - 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

1994

Legal Domicile

Principal Officer

AMY SPIVEY

Phone

8287650776

Tax Period

2024-07-01 to 2025-06-30

PROJECT CHALLENGE NORTH CAROLINA INC, founded in 1994, is a small nonprofit in the Crime & Legal sector that reported $631K in total revenue in fiscal year 2024. Expenses of $603K left a modest 5% surplus.

Mission

TO INVOLVE TROUBLED YOUTH IN COMMUNITY SERVICE ACTIVITIES INCLUDING VARIOUS FIELD TRIPS AND OTHER PROJECTS

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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 $56,834

Program Service Revenue $572,014

Investment Income $1,357

Other Revenue $1,200

TOTAL REVENUE $631,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $368,341

Fundraising Expenses $0

Program Expenses $510,586

Other Expenses $234,575

TOTAL EXPENSES $602,916

Year-over-Year Comparison

	2024	2023	Change
Revenue	$631,405	$591,699	+0.1%
Expenses	$602,916	$645,015	-0.1%
Net Income	$28,489	$-53,316	-1.5%

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
DAN MARCHESONI	TREASURERSECRETARY	2.00	Officer	$0	$0	$0
MALCOM MCNEAL Jr	BOARD MEMEMBER	1.00	Officer	$0	$0	$0
AMY SPIVEY	BOARD CHAIR	2.00	Officer	$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	$631,405	$602,916	$363,877	$28,489
2024	$591,699	$645,015	$338,216	$-53,316
2023	$586,779	$273,709	$330,098	$313,070
2022	$696,201	$654,528	$75,609	$41,673
2021	$759,813	$753,348	$59,864	$6,465
2020	$1,149,678	$1,057,453	$98,975	$92,225
2019	$1,349,944	$1,323,663	$51,969	$26,281

PROJECT CHALLENGE NORTH CAROLINA INC