NEW HANOVER COUNTY FINANCING CORPORATION (EIN 562055388) - 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

1997

Legal Domicile

Principal Officer

Bill Rivenbark

Phone

9107987187

Tax Period

2023-07-01 to 2024-06-30

NEW HANOVER COUNTY FINANCING CORPORATION, founded in 1997, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $21.7M in total revenue in fiscal year 2023.

Mission

Assist New Hanover County in carrying out its governmental functions through issuance of debt for the acquisition and construction of public improvements.

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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 $21,723,608

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $21,723,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,723,608

Other Expenses $21,723,608

TOTAL EXPENSES $21,723,608

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,723,608	$22,396,634	0.0%
Expenses	$21,723,608	$22,396,634	0.0%
Net Income	$0	$0	N/A

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

N/A

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

$556,287

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Chris Coudriet	Secretary and Vice President	Officer	$0	$0	$318,425
Eric Credle	Treasurer and Assistant Secretary	Officer	$0	$0	$183,992
Bill Rivenbark	President	Officer	$0	$0	$53,870

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	No data	No data	No data	No data
2024	$21,723,608	$21,723,608	$240,913,779	No data
2023	$22,396,634	$22,396,634	$181,912,087	No data
2022	$19,818,938	$19,818,938	$173,771,463	No data
2021	$14,238,390	$14,238,390	$172,395,957	No data

NEW HANOVER COUNTY FINANCING CORPORATION