NORTH CAROLINA TEXTILE FOUNDATION INC (EIN 566045324) - 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

1942

Legal Domicile

Principal Officer

ERIN DELEHANTY

Phone

9195137149

Tax Period

2024-07-01 to 2025-06-30

NORTH CAROLINA TEXTILE FOUNDATION INC, founded in 1942, is a mid-sized nonprofit in the Education sector that reported $11.5M in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.0M, a strong 52% operating margin.

Mission

TO ADVANCE WILSON COLLEGE OF TEXTILES THROUGH ENGAGEMENT, PARTNERSHIP AND PHILANTHROPY.

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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 $9,413,444

Program Service Revenue $8,016

Investment Income $2,028,789

Other Revenue $0

TOTAL REVENUE $11,450,249

Expense Breakdown

Grants Paid $2,370,367

Salaries & Benefits $791,622

Fundraising Expenses $644,251

Program Expenses $4,031,588

Other Expenses $2,304,554

TOTAL EXPENSES $5,466,543

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,450,249	$6,908,763	+0.7%
Expenses	$5,466,543	$4,706,717	+0.2%
Net Income	$5,983,706	$2,202,046	+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

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

$880,665

Total Directors

$364,499

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY BIRCHER BRUYN	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY BUCKNER	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH C CALABRESE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHNNY L CHAPMAN JR	DIRECTOR	1.00	Director	$0	$0	$0
RICK ELMORE	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES FLYNT JR	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS GOFF	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW GRIFFITH	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES HEILIG III	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HINKS	DIRECTOR	1.00	Director	$0	$51,930	$364,499
WESLEY HORNE	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH T HUGGINS	TREASURER	1.00	Officer Director	$0	$0	$0
ELAINE HUGHES	DIRECTOR	1.00	Director	$0	$0	$0
SHERRY MCCRAW	DIRECTOR	1.00	Director	$0	$0	$0
MINDY OAKLEY	DIRECTOR	1.00	Director	$0	$0	$0
LEIB OEHMIG	SECRETARY	1.00	Officer Director	$0	$0	$0
PRASHANT PRABHU	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE RAGSDALE	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA STEWART	DIRECTOR	1.00	Director	$0	$0	$0
BRENDAN SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
NANCY WEBSTER	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBIN PERKINS	DIRECTOR UNTIL 11/30/24	1.00	Director	$0	$0	$0
ERIN DELEHANTY	ASST. TREASURER	1.00	Officer	$0	$55,581	$249,219
DANA R HARRIS	ASST. TREASURER	1.00	Officer	$0	$79,282	$369,572
MICHAEL WARD	EXECUTIVE DIRECTOR	1.00	Officer	$0	$56,103	$261,874

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	$11,450,249	$5,466,543	$104,571,165	$5,983,706
2024	$6,908,763	$4,706,717	$92,800,052	$2,202,046
2023	$6,538,403	$4,719,381	$84,202,750	$1,819,022
2022	$5,103,985	$3,689,405	$84,834,428	$1,414,580
2021	$14,376,026	$3,253,748	$89,766,290	$11,122,278
2020	$8,605,046	$3,783,732	$68,426,543	$4,821,314
2019	$14,792,675	$4,063,829	$63,460,204	$10,728,846

NORTH CAROLINA TEXTILE FOUNDATION INC