THE WOMAN'S CLUB OF RALEIGH INC

EIN: 566061486 501(c)(3)

RALEIGH, NC

Total Revenue
$218,482
Total Expenses
$345,516
Total Assets
$1,299,284
Net Assets
$1,259,307
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1904
Legal Domicile
NC
Principal Officer
PENNY LAURICELLA
Phone
9197825599
Tax Period
2023-06-01 to 2024-05-31

THE WOMAN'S CLUB OF RALEIGH INC, founded in 1904, is a small nonprofit that reported $218K in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $346K exceeded revenue, resulting in a 58% operating deficit.

Mission

TO SERVE AND SUPPORT OUR COMMUNITY IN ARTS AND CULTURE, CIVIC ENGAGEMENT AND OUTREACH, EDUCATION AND LIBRARIES, ENVIRONMENT, AND HEALTH AND WELLNESS.

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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 $42,988
Program Service Revenue $44,690
Investment Income $50,733
Other Revenue $80,071
TOTAL REVENUE $218,482

Expense Breakdown

Grants Paid $49,557
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $204,566
Other Expenses $295,959
TOTAL EXPENSES $345,516

Year-over-Year Comparison

2023 2022 Change
Revenue $218,482 $144,678 +0.5%
Expenses $345,516 $305,977 +0.1%
Net Income $-127,034 $-161,299 -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

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Liquidity & Cash Position

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Governance

Voting Members
27
Independent Members
27
Employees
N/A
Volunteers
120

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
9
$0
Total Directors
31
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PENNY LAURICELLA PRESIDENT 12.00
Officer Director
$0 $0 $0
KATHY GODFREY PROGRAMS VP 12.00
Officer Director
$0 $0 $0
RUTH BOULTER MEMBERSHIP REC VP 12.00
Officer Director
$0 $0 $0
PEEBEE SCOTT MEMBERSHIP RET VP 12.00
Officer Director
$0 $0 $0
KATHY WHITTAKER COMM & PR VP 12.00
Officer Director
$0 $0 $0
JANET LEGGETT RECORDING SECRETARY 12.00
Officer Director
$0 $0 $0
CAROL LUNDQUIST ADMIN SECRETARY 12.00
Officer Director
$0 $0 $0
SUSAN TENNEY TREASURER 12.00
Officer Director
$0 $0 $0
JUDY WRIGHT FINANCIAL SECRETARY 12.00
Officer Director
$0 $0 $0
LATISSE CALDWELL ARTS & CUL CHAIR 12.00
Director
$0 $0 $0
NANCY HARTGE CIV ENG & OUTR CO-CH 12.00
Director
$0 $0 $0
TWANNA JOYNER-JONES CIV ENG & OUTR CO-CH 12.00
Director
$0 $0 $0
KAREN BROWN EDU & LIBR CO-CH 12.00
Director
$0 $0 $0
CAROL RIGGIO EDU & LIBR CO-CH 12.00
Director
$0 $0 $0
GEORGIA BEARDSLEY ENV CO-CH 12.00
Director
$0 $0 $0
VIRGINIA RODILLAS ENV CO-CH 12.00
Director
$0 $0 $0
JENNIFER THOMPSON HEALTH & WELLNESS CO-CH 12.00
Director
$0 $0 $0
JALEH NESHAT HEALTH & WELLNESS CO-CH 12.00
Director
$0 $0 $0
HOLLY TEAGUE NIGHT CO-CH 12.00
Director
$0 $0 $0
CASANDRA WEBB NIGHT CO-CH 12.00
Director
$0 $0 $0
PAM SOMERS CLUBHOUSE CHAIR 12.00
Director
$0 $0 $0
JODI HAIRE FINANCE CHAIR 12.00
Director
$0 $0 $0
JULIA CARPENTER FUND & DEVOP CHAIR 12.00
Director
$0 $0 $0
LAINE WATKINS GROUNDS CHAIR 12.00
Director
$0 $0 $0
LEE BLANKENHORN SOCIAL CHAIR 12.00
Director
$0 $0 $0
JOANNE CUNNINGHAM TRUSTEE CHAIR 12.00
Director
$0 $0 $0
CHRISTINA MUELLER PRES JR WC OF RAL 12.00
Director
$0 $0 $0
GINGER LOCKAMY TRUSTEE VICE CHAIR 12.00
Director
$0 $0 $0
CAROL HENDERSON TRUSTEE VICE SECRETARY 12.00
Director
$0 $0 $0
VICKI PERRY TRUSTEE MEMBER 12.00
Director
$0 $0 $0
BETH WILLIAMS TRUSTEE MEMBER 12.00
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 $218,482 $345,516 $1,299,284 $-127,034
2023 $144,678 $305,977 $1,338,299 $-161,299
2022 $132,131 $205,471 $1,472,621 $-73,340
2021 $309,380 $259,374 $1,651,857 $50,006
2020 $169,648 $284,479 $1,514,355 $-114,831
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