NORTH CAROLINA COAL INSTITUTE

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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

1946

Legal Domicile

Principal Officer

TIM PATTERSON

Phone

9045055599

Tax Period

2023-10-01 to 2024-09-30

NORTH CAROLINA COAL INSTITUTE, founded in 1946, is a small nonprofit that reported $266K in total revenue in fiscal year 2023. Expenses of $322K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROMOTE INTEREST IN THE COAL INDUSTRY.

Program Service Accomplishments

Program 1

INDUSTRY MEETINGS ARE HELD THREE TIMES PER YEAR TO PROMOTE THE COAL INDUSTRY AND TO EDUCATE THROUGH SPEAKERS AND PRACTICAL BUSINESS EDUCATION SESSIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $266,370

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $266,370

Expense Breakdown

Grants Paid $35,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $287,405

TOTAL EXPENSES $322,405

Year-over-Year Comparison

	2023	2022	Change
Revenue	$266,370	$260,122	+0.0%
Expenses	$322,405	$261,203	+0.2%
Net Income	$-56,035	$-1,081	+50.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN MCEWAN	VICE-PRESIDE	5.00	Officer Director	$0	$0	$0
SARA SCHRYER	SECRETARY-TR	5.00	Officer Director	$0	$0	$0
TIM PATTERSON	PRESIDENT	5.00	Officer 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	$266,370	$322,405	$134,847	$-56,035
2023	$260,122	$261,203	$190,882	$-1,081
2022	$213,039	$241,024	$191,963	$-27,985
2021	$106,309	$146,345	$219,948	$-40,036
2020	$142,507	$115,077	$259,984	$27,430