NORTH CAROLINA LAND TITLE ASSOCIAT… - Form 990 Financial Data

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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

1978

Legal Domicile

Principal Officer

JIMMICA COFIELD

Phone

9197815181

Tax Period

2020-01-01 to 2020-12-31

NORTH CAROLINA LAND TITLE ASSOCIATION, founded in 1978, is a micro nonprofit that reported $97K in total revenue in fiscal year 2020. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $109K exceeded revenue, resulting in a 12% operating deficit.

Mission

FORUM FOR LAND TITLE PROFESSIONALS

Program Service Accomplishments

Program 1

A CONVENTION IS HELD TO BRING MEMBERS TOGETHER TO EDUCATE AND UPDATE THEM IN THE TITLE INDUSTRY FIELD.

Program 2

YEARLY LOBBYING FEES PAID TO LOBBYIST TO HELP REGULATE THE LAND TITLE INDUSTRY.

Program 3

PUBLICATIONS ARE SENT OUT TO EDUCATE MEMBERS AND INFORM THEM OF CHANGES IN THE LAND TITLE 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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $94,119

Investment Income $7

Other Revenue $2,702

TOTAL REVENUE $96,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $108,795

TOTAL EXPENSES $108,795

Year-over-Year Comparison

	2020	2019	Change
Revenue	$96,828	$220,366	-0.6%
Expenses	$108,795	$186,633	-0.4%
Net Income	$-11,967	$33,733	-1.4%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIMMICA COFIELD	PRESIDENT	N/A	Officer Director	$0	$0	$0
JEFF DUNHAM	DIRECTOR	N/A	Director	$0	$0	$0
BENJAMIN V IPOCK	DIRECTOR	N/A	Director	$0	$0	$0
JAMES L BRYAN JR	TREASURER	N/A	Officer Director	$0	$0	$0
KEVIN LOCKETT	SECRETARY	N/A	Officer Director	$0	$0	$0
D DONOVAN MERRITT	PAST PRESIDE	N/A	Officer Director	$0	$0	$0
SHARON SCHLACHTER	VICE PRESIDE	N/A	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	No data	No data	No data	No data
2020	$96,828	$108,795	$206,440	$-11,967
2019	$220,366	$186,633	$216,450	$33,733

NORTH CAROLINA LAND TITLE ASSOCIATION