NORTH CAROLINA STATE UNIVERSITY ALUMNI ASSOCIATION INC (EIN 566035544) - 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

1952

Legal Domicile

Principal Officer

ERIN DELEHANTY

Phone

9195137149

Tax Period

2024-07-01 to 2025-06-30

NORTH CAROLINA STATE UNIVERSITY ALUMNI ASSOCIATION INC, founded in 1952, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Net assets of $74.1M represent 224 months of operating reserves.

Mission

THE NC STATE ALUMNI ASSOCIATION ENGAGES ALUMNI AND FRIENDS THROUGH PROGRAMS AND SERVICES THAT FOSTER PRIDE AND ENHANCE A LIFELONG CONNECTION TO NC STATE UNIVERSITY ("NC STATE").

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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 $1,177,142

Program Service Revenue $374,845

Investment Income $2,037,719

Other Revenue $381,987

TOTAL REVENUE $3,971,693

Expense Breakdown

Grants Paid $1,208,751

Salaries & Benefits $810,022

Fundraising Expenses $1,603,845

Program Expenses $2,136,671

Other Expenses $1,982,825

TOTAL EXPENSES $4,001,598

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,971,693	$5,665,451	-0.3%
Expenses	$4,001,598	$4,074,366	0.0%
Net Income	$-29,905	$1,591,085	-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

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

$1,273,127

Total Directors

$720,059

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNDENISE BERDECIA-RIVERA	SECRETARY	1.00	Officer Director	$0	$0	$0
SUSAN BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
RYAN DE JONG	CHAIR	1.00	Officer Director	$0	$0	$0
ANDREA DUHON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHARLES DURANT	DIRECTOR	1.00	Director	$0	$0	$0
EDWIN FOULKE	DIRECTOR	1.00	Director	$0	$0	$0
DANA R HARRIS	TREASURER	1.00	Officer Director	$0	$79,282	$369,572
RYAN HESTER	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
DAVE HOLM	DIRECTOR	1.00	Director	$0	$0	$0
KELLY HOOK	DIRECTOR AS OF 01/2025	1.00	Director	$0	$0	$0
KRISTEN KHAVARI	DIRECTOR	1.00	Director	$0	$0	$0
GED KING	DIRECTOR	1.00	Director	$0	$0	$0
RESHUNDA MAHONE	PRESIDENT	1.00	Officer Director	$0	$49,700	$350,487
JANE MONACO	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
QUAUHTLI OLIVIERI-HERRERA	DIRECTOR	1.00	Director	$0	$0	$0
WILL QUICK	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN STARLING	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE STOWE	DIRECTOR	1.00	Director	$0	$0	$0
RALSTON TURNER	DIRECTOR	1.00	Director	$0	$0	$0
SAM WARREN	DIRECTOR	1.00	Director	$0	$0	$0
DEMARCUS WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
DEREK BRYAN	VICE PRESIDENT	1.00	Officer	$0	$50,114	$221,459
ERIN DELEHANTY	ASSISTANT TREASURER	1.00	Officer	$0	$55,581	$249,219
RACHAEL ROBINCHAUX	ASSISTANT SECRETARY	1.00	Officer	$0	$22,732	$82,390
BRIAN SISCHO	VICE CHANCELLOR FOR UNIV ADVANCEMENT	1.00	Highest	$0	$56,706	$950,765

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	$3,971,693	$4,001,598	$74,260,685	$-29,905
2024	$5,665,451	$4,074,366	$69,642,342	$1,591,085
2023	$6,379,459	$4,039,697	$62,979,501	$2,339,762
2022	$4,644,432	$4,189,580	$63,898,145	$454,852
2021	$3,400,685	$3,526,649	$63,269,286	$-125,964
2020	$3,147,318	$3,601,140	$47,043,916	$-453,822
2019	$3,756,220	$3,696,686	$47,298,379	$59,534
2018	$4,014,862	$3,348,241	$44,639,783	$666,621

NORTH CAROLINA STATE UNIVERSITY ALUMNI ASSOCIATION INC