EDUCATION AND RESEARCH CONSORTIUM OF THE WESTERN CAROLINAS INC (EIN 562150550) - 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

1999

Legal Domicile

Principal Officer

TROY TOLLE

Phone

8283502415

Tax Period

2022-01-01 to 2022-12-31

EDUCATION AND RESEARCH CONSORTIUM OF THE WESTERN CAROLINAS INC, founded in 1999, is a community nonprofit in the Science & Technology sector that reported $4.7M in total revenue in fiscal year 2022. Revenue surged 899% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 60% operating margin.

Mission

TO FURTHER ECONOMIC DEVELOPMENT IN THE WESTERN CAROLINAS THROUGH EDUCATION, INFRASTRUCTURE AND CAPITAL DEVELOPMENT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $100,000

Program Service Revenue $456,571

Investment Income $-672,023

Other Revenue $4,771,296

TOTAL REVENUE $4,655,844

Expense Breakdown

Grants Paid $95,000

Salaries & Benefits $270,457

Fundraising Expenses $0

Program Expenses $717,708

Other Expenses $1,490,893

TOTAL EXPENSES $1,856,350

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,655,844	$466,117	+9.0%
Expenses	$1,856,350	$4,629,088	-0.6%
Net Income	$2,799,494	$-4,162,971	-1.7%

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

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

$257,913

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HUNTER M GOOSMANN	EXEC. DIR.	40.00	Officer	$214,200	$43,713	$257,913
DON CLINE	MEMBER	0.25	Director	$0	$0	$0
JOHN CONNET	MEMBER	0.25	Director	$0	$0	$0
DAN G LUNSFORD	CHAIR	0.25	Director	$0	$0	$0
DR PAUL MAURER	MEMBER	0.25	Director	$0	$0	$0
TROY TOLLE	TREASURER	0.25	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
2024	No data	No data	No data	No data
2023	No data	No data	No data	No data
2022	$4,655,844	$1,856,350	$15,165,608	$2,799,494
2021	$466,117	$4,629,088	$19,627,315	$-4,162,971
2020	$7,143,878	$5,110,000	$24,894,045	$2,033,878
2019	$6,177,842	$5,561,592	$24,503,033	$616,250
2018	$5,320,280	$4,997,049	$21,909,206	$323,231

EDUCATION AND RESEARCH CONSORTIUM OF THE WESTERN CAROLINAS INC