NC NATIONAL GUARD SOLDIERS & AIRMEN ASSISTANCE FUND INC

EIN: 562463581 501(c)(3) Human Services

RALEIGH, NC

Total Revenue
$215,352
Total Expenses
$160,713
Total Assets
$1,561,518
Net Assets
$1,558,761
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
NC
Principal Officer
ANDREW W GOODWIN
Phone
9198513390
Tax Period
2023-01-01 to 2023-12-31

NC NATIONAL GUARD SOLDIERS & AIRMEN ASSISTANCE FUND INC, founded in 2004, is a small nonprofit in the Human Services sector that reported $215K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $55K, a strong 25% operating margin.

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO FAMILIES AND MEMBERS OF THE NC NATIONAL GUARD WHO ARE EXPERIENCING FINANCIAL HARDSHIPS DUE TO MILITARY DEPLOYMENTS AND OTHER EMERGENCIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $172,658
Program Service Revenue $0
Investment Income $36,945
Other Revenue $5,749
TOTAL REVENUE $215,352

Expense Breakdown

Grants Paid $90,963
Salaries & Benefits $35,525
Fundraising Expenses $0
Program Expenses $160,713
Other Expenses $34,225
TOTAL EXPENSES $160,713

Year-over-Year Comparison

2023 2022 Change
Revenue $215,352 $275,760 -0.2%
Expenses $160,713 $206,400 -0.2%
Net Income $54,639 $69,360 -0.2%
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

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Governance

Voting Members
9
Independent Members
9
Employees
1
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
4
$33,000
Total Directors
10
$33,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW W GOODWIN BOARD CHAIR N/A
Officer Director
$0 $0 $0
JESSICA M GILMORE VICE CHAIRMA N/A
Officer Director
$0 $0 $0
PETER F VERSFELD FINANCE OFFI N/A
Officer Director
$0 $0 $0
STEVEN D MARTIN BOARD MEMBER N/A
Director
$0 $0 $0
JOHN T GATTIS BOARD MEMBER N/A
Director
$0 $0 $0
KELLY S JACKSON BOARD MEMBER N/A
Director
$0 $0 $0
DANIEL A ERWIN BOARD MEMBER N/A
Director
$0 $0 $0
ROBERT BARTHOLOME III BOARD MEMBER N/A
Director
$0 $0 $0
HADDON M CLARK III BOARD MEMBER N/A
Director
$0 $0 $0
JOSEPH S VICKERS SECRETARY / 40.00
Officer Director
$33,000 $0 $33,000
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 $215,352 $160,713 $1,561,518 $54,639
2022 $275,760 $206,400 $1,434,457 $69,360
2021 $401,669 $229,627 $1,494,715 $172,042
2020 $229,068 $298,061 $1,332,780 $-68,993
2019 $361,082 $169,330 $1,337,929 $191,752
2018 $302,433 $183,447 $1,083,374 $118,986
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