PHARR YARNS EMPLOYEE BENEFIT PLAN TRUST

EIN: 566188845

MCADENVILLE, NC

Total Revenue
$2,450,156
Total Expenses
$2,521,405
Total Assets
$279,585
Net Assets
$279,585
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
NC
Principal Officer
FREDERICK J ERICKSON
Phone
7048243551
Tax Period
2022-01-01 to 2022-12-31

PHARR YARNS EMPLOYEE BENEFIT PLAN TRUST, founded in 1974, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2022.

Mission

THIS EMPLOYEE BENEFIT TRUST PROVIDES MEDICAL, LIFE, DENTAL, AND DISABILITY BENEFITS TO MEMBERS OF THE SPONSORING COMPANY EMPLOYEES AND RETIREES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,442,350
Investment Income $7,806
Other Revenue $0
TOTAL REVENUE $2,450,156

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $2,459,282
TOTAL EXPENSES $2,521,405

Year-over-Year Comparison

2022 2021 Change
Revenue $2,450,156 $2,329,162 +0.1%
Expenses $2,521,405 $2,361,088 +0.1%
Net Income $-71,249 $-31,926 +1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
4
Independent Members
N/A
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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FREDERICK ERICKSON TRUSTEE 0.00
Director
$0 $0 $0
WILLIAM P CARSTARPHEN TRUSTEE 0.00
Director
$0 $0 $0
GREGORY PEELER TRUSTEE 0.00
Director
$0 $0 $0
CHRISTY GLIDDON TRUSTEE 0.00
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
2022 $2,450,156 $2,521,405 $279,585 $-71,249
2021 $2,329,162 $2,361,088 $358,893 $-31,926
2020 $3,917,299 $4,359,772 $389,957 $-442,473
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare PHARR YARNS EMPLOYEE BENEFIT PLAN TRUST with other nonprofits in North Carolina and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.