Democracy North Carolina (EIN 562271150) - 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

2001

Legal Domicile

Principal Officer

Randy Lucas

Phone

9192866000

Tax Period

2024-01-01 to 2024-12-31

Democracy North Carolina, founded in 2001, is a community nonprofit in the Civil Rights & Advocacy sector that reported $4.1M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $5.5M exceeded revenue, resulting in a 32% operating deficit.

Mission

To strengthen democratic structures, build power among disenfranchised communities, and inspire confidence in a transformed political process that works for all.

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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 $4,056,333

Program Service Revenue $0

Investment Income $70,993

Other Revenue $3,289

TOTAL REVENUE $4,130,615

Expense Breakdown

Grants Paid $357,942

Salaries & Benefits $2,725,641

Fundraising Expenses $537,634

Program Expenses $4,140,527

Other Expenses $2,379,057

TOTAL EXPENSES $5,462,640

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,130,615	$3,497,922	+0.2%
Expenses	$5,462,640	$3,508,986	+0.6%
Net Income	$-1,332,025	$-11,064	+119.4%

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

$267,294

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Randy Lucas	Chairman	2.00	Officer Director	$0	$0	$0
Jim Overton	Treasurer	2.00	Officer Director	$0	$0	$0
Irving Joyner	Director	2.00	Director	$0	$0	$0
Judy Futch	Director	2.00	Director	$0	$0	$0
April Dawson	Director	2.00	Director	$0	$0	$0
Cynthia Wallace	Director	2.00	Director	$0	$0	$0
Lisa Levenstein	Director	2.00	Director	$0	$0	$0
Ajamu Dillahunt	Director	2.00	Director	$0	$0	$0
Marcus Bass	Director	2.00	Director	$0	$0	$0
Tamara Kersey	Director	2.00	Director	$0	$0	$0
Monica Gibbs	Director	2.00	Director	$0	$0	$0
Adrian Maldonado	Director	2.00	Director	$0	$0	$0
Greg Walker-Wilson	Chairman	2.00	Officer	$0	$0	$0
Adrienne Kelly	Co-Executive Dir.	55.00	Officer	$104,815	$30,500	$135,315
Cheryl CarterEllis	Co-Executive Dir.	55.00	Officer	$127,179	$4,800	$131,979
Julia Hawes	Communication Director	55.00	Highest	$101,598	$0	$101,598

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	$4,130,615	$5,462,640	$4,975,898	$-1,332,025
2023	$3,497,922	$3,508,986	$6,357,615	$-11,064
2022	$4,559,210	$4,321,510	$5,778,090	$237,700
2021	$3,905,206	$3,079,139	$5,545,351	$826,067
2021	$3,905,206	$3,079,139	$5,545,351	$826,067
2020	$5,762,651	$4,689,975	$4,682,500	$1,072,676
2019	$2,625,721	$2,212,835	$3,281,451	$412,886
2018	$3,544,678	$2,829,097	$2,832,785	$715,581
2017	$2,853,916	$2,142,045	$2,023,565	$711,871

Democracy North Carolina