Barber-Scotia CollegeInc

EIN: 566007078 501(c)(3) Education

Concord, NC

Total Revenue
$541,075
Total Expenses
$407,994
Total Assets
$7,673,219
Net Assets
$5,458,560
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
NC
Principal Officer
Dr Anthony Redic
Phone
7047892900
Tax Period
2023-07-01 to 2024-06-30

Barber-Scotia CollegeInc, founded in 1967, is a small nonprofit in the Education sector that reported $541K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $133K, a strong 25% operating margin.

Mission

To provide education through a liberal arts education in a community concerned with the interaction and cultures of christian heritage,scholarship,citizenship and leadership

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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 $402,974
Program Service Revenue $108,995
Investment Income $0
Other Revenue $29,106
TOTAL REVENUE $541,075

Expense Breakdown

Grants Paid $11,408
Salaries & Benefits $1,689
Fundraising Expenses $0
Program Expenses $161,755
Other Expenses $392,252
TOTAL EXPENSES $407,994

Year-over-Year Comparison

2023 2022 Change
Revenue $541,075 $387,837 +0.4%
Expenses $407,994 $339,417 +0.2%
Net Income $133,081 $48,420 +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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
11
Employees
N/A
Volunteers
30

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
1
$60,000
Total Directors
14
$60,000
Key Employees
1
$60,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Roberta Huger Pinckney Retired HC CEO, board chair 10.00
Director
$0 $0 $0
Tracey H Flemmings PhD Retired UPS Executive, Board vice chair 10.00
Director
$0 $0 $0
Josephine Smith Retired Educator, Charlotte Mecklenburg 10.00
Director
$0 $0 $0
Eric Guthrie ESQ Director of Training, Government Blockchain Association 10.00
Director
$0 $0 $0
Edward L Alexander PhD Operations Manager, Singletary Law Firm, PLLC 10.00
Director
$0 $0 $0
Brian Morgan MBA, PHD in Residency, UNG-Alabama 10.00
Director
$0 $0 $0
Lt Col Lee Bruner Acquisition Officer, U.S. Army 10.00
Director
$0 $0 $0
Dennis Nyemba Director of Expansion, Tax Strategist 10.00
Director
$0 $0 $0
Pam Tinnen-Day NAABS, Inc., President Board Secretary 10.00
Director
$0 $0 $0
Pridell McCormick Executive Director, Macedonia Family Resource Center 10.00
Director
$0 $0 $0
Chris V Rey JD President / Ex-Officio 40.00
Officer Director Key Emp
$60,000 $0 $60,000
Eugene Price Emeritus 2.00
Director
$0 $0 $0
Albert Winston Emeritus 2.00
Director
$0 $0 $0
Dr Charles Love Emeritus 2.00
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 $541,075 $407,994 $7,673,219 $133,081
2023 $387,837 $339,417 $7,563,471 $48,420
2022 $322,296 $205,022 $7,462,577 $117,274
2021 $273,564 $219,374 $7,255,708 $54,190
2020 $283,048 $279,105 $7,264,958 $3,943
2019 $262,050 $489,022 $7,091,395 $-226,972
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