CAROLINA COMMERCE AND TECHNOLOGY (EIN 562209015) - 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

2000

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

CAROLINA COMMERCE AND TECHNOLOGY, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $192K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $340K exceeded revenue, resulting in a 77% operating deficit.

Mission

DEVELOPMENT OF LONG-TERM WORKFORCE & ENTREPRENEURIAL SUPPORT TO COMMERCIAL, INDUSTRIAL, AGRICULTURAL START-UP INITIATIVES & EXISTINGBUSINESS SUPPORT SERVICES

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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 $0

Program Service Revenue $192,070

Investment Income $0

Other Revenue $0

TOTAL REVENUE $192,070

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,776

Fundraising Expenses $0

Program Expenses $269,453

Other Expenses $254,151

TOTAL EXPENSES $339,927

Year-over-Year Comparison

	2023	2022	Change
Revenue	$192,070	$229,395	-0.2%
Expenses	$339,927	$302,394	+0.1%
Net Income	$-147,857	$-72,999	+1.0%

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
JENNIFER MCLAMB	BOARD MEMBER	0.00	Director	$0	$0	$0
LES NOBLES	BOARD MEMBER	0.00	Director	$0	$0	$0
THORNTON LOWRY	BOARD MEETING	0.00	Director	$0	$0	$0
CHANNING JONES	BOARD MEMBER	0.00	Director	$0	$0	$0
ROB DAVIS	BOARD MEMBER	0.00	Director	$0	$0	$0
JUDY SAMPSON	BOARD MEMBER	0.00	Director	$0	$0	$0
STEVEN HUNT	BOARD MEMBER	0.00	Director	$0	$0	$0
ALAN FOWLKES	EXEUCTIVE DIRECTOR	40.00	Director	$0	$0	$0
SYBIL JONES BULLARD	BOARD MEMBER	0.00	Director	$0	$0	$0
TYLER THOMAS	BOARD MEMBER	0.00	Director	$0	$0	$0
ROGER OXENDINE	CHAIRMAN	0.00	Officer Director	$0	$0	$0
NEIL A TERRY	VICE CHAIR	0.00	Officer Director	$0	$0	$0
KELLIE BLUE	SECRETARY	0.00	Officer Director	$0	$0	$0
FRED MCKINNON	TREASURER	0.00	Officer 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
2025	No data	No data	No data	No data
2024	$192,070	$339,927	$1,211,441	$-147,857
2023	$229,395	$302,394	$1,359,298	$-72,999
2022	$351,524	$311,680	$1,432,297	$39,844
2021	$336,987	$271,046	$1,392,453	$65,941
2020	$366,597	$410,086	$1,327,537	$-43,489
2019	$312,634	$273,750	$1,366,026	$38,884
2018	$315,873	$282,256	$1,327,142	$33,617

CAROLINA COMMERCE AND TECHNOLOGY