The Printing Industry of the Carolinas Foundation (EIN 566068485) - 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

1962

Legal Domicile

Principal Officer

Phil Kelley

Phone

7043571150

Tax Period

2024-07-01 to 2025-06-30

The Printing Industry of the Carolinas Foundation, founded in 1962, is a small nonprofit in the Community Improvement sector that reported $155K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $59K, a strong 38% operating margin.

Mission

To encourage and assist through financial assistance and otherwise, worthy individuals primarily seeking education for careeers in the Printing trade or industry.

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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 $43,110

Program Service Revenue $0

Investment Income $112,371

Other Revenue $0

TOTAL REVENUE $155,481

Expense Breakdown

Grants Paid $54,626

Salaries & Benefits $0

Fundraising Expenses $17,945

Program Expenses $54,626

Other Expenses $42,307

TOTAL EXPENSES $96,933

Year-over-Year Comparison

	2024	2023	Change
Revenue	$155,481	$196,142	-0.2%
Expenses	$96,933	$95,194	+0.0%
Net Income	$58,548	$100,948	-0.4%

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	Role	Reportable Comp	Other Comp	Total
Phil Kelley	President	Officer	$0	$0	$0
Mory Read	Vice President	Officer	$0	$0	$0
Charley Kale	SecretaryTreasurer	Officer	$0	$0	$0
Walter Payne	Asst SecretaryTreasurer	Officer	$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
2025	$155,481	$96,933	$1,978,740	$58,548
2024	$196,142	$95,194	$1,851,799	$100,948
2023	$108,002	$92,264	$1,700,194	$15,738
2022	$83,047	$79,034	$1,613,027	$4,013
2021	$72,970	$70,299	$1,814,792	$2,671

The Printing Industry of the Carolinas Foundation