MCNC (EIN 581406628) - 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

1980

Legal Domicile

Phone

9192481820

Tax Period

2024-07-01 to 2025-06-30

MCNC, founded in 1980, is a mid-sized nonprofit in the Science & Technology sector that reported $74.1M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $66.1M left a modest 11% surplus.

Mission

TO PROVIDE ADVANCED ELECTRONIC AND INFORMATION TECHNOLOGIES TO THE NC EDUCATION COMMUNITY, PUBLIC HEALTH, AND GOVERNMENT AGENCIES AND TO BENEFIT ECONOMIC DEVELOPMENT IN NC.

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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 $8,165,108

Program Service Revenue $65,656,828

Investment Income $306,329

Other Revenue $7,006

TOTAL REVENUE $74,135,271

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,537,992

Fundraising Expenses $0

Program Expenses $55,820,217

Other Expenses $44,513,706

TOTAL EXPENSES $66,051,698

Year-over-Year Comparison

	2024	2023	Change
Revenue	$74,135,271	$68,456,573	+0.1%
Expenses	$66,051,698	$61,769,274	+0.1%
Net Income	$8,083,573	$6,687,299	+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

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

153

Volunteers

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

$1,606,559

Total Directors

Key Employees

$1,749,218

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ajit Sivadasan	Director	0.1	Director	$0	$0	$0
Charles Maimone	Director	0.1	Director	$0	$0	$0
Dennis Kekas	Director	0.1	Director	$0	$0	$0
Hope Williams	Director	0.1	Director	$0	$0	$0
Keith Werner	Director	0.1	Director	$0	$0	$0
Maria Thompson	Director	0.1	Director	$0	$0	$0
Myra Best	Director	0.1	Director	$0	$0	$0
Patrick Fleming	Director	0.1	Director	$0	$0	$0
Penny Gordon-Larsen	Director	0.1	Director	$0	$0	$0
Ray Carey	Director	0.1	Director	$0	$0	$0
Tracy Futhey	Director	0.1	Director	$0	$0	$0
Tracy Olson	Director	0.1	Director	$0	$0	$0
Vanessa Wrenn	Director	0.1	Director	$0	$0	$0
Edward Jacobson	Vice President, COO	40.0	Officer	$323,789	$43,428	$367,217
John Doyle	Secretary, General Counsel	40.0	Officer	$232,095	$42,476	$274,571
Sarah Taylor	CFO	40.0	Officer	$251,940	$44,483	$296,423
Shirley Jennings	Assistant Secretary	40.0	Officer	$142,996	$24,108	$167,104
Tracy Doaks	President, CEO	40.0	Officer	$463,333	$37,911	$501,244
Christopher Beal	VP, Enterprise IT & Cybersecurity Initiatives / CISO	40.0	Key Emp	$266,370	$45,487	$311,857
David Furiness	Senior Director, CNE	40.0	Key Emp	$233,657	$34,202	$267,859
James Nester	Senior Director, Marketing & Client Advocacy	40.0	Key Emp	$196,199	$38,180	$234,379
Jeremy Rollins	Senior Manager, Outside Plant Engineering and Operations	40.0	Key Emp	$168,164	$35,653	$203,817
Matthew Kinney	Senior Director, Human Resources	40.0	Key Emp	$191,279	$30,127	$221,406
Matthew Valenzisi	Senior Director, Network Architecture and Management / Chief Network Architect	40.0	Key Emp	$247,834	$34,746	$282,580
Ruth Stafford	Senior Director, Consulting Services	40.0	Key Emp	$197,205	$30,115	$227,320
David Brain	Director, Enterprise IT Infrastructure & Cybersecurity	40.0	Highest	$201,179	$39,349	$240,528
Orlando Suitte	Director, Core Engineering & Network Deployment	40.0	Highest	$198,890	$39,114	$238,004
Paul Kamen	Senior Manager, Enterprise IT Services & Data	40.0	Highest	$177,641	$36,845	$214,486
Phillip Emer	VP, Business Development	40.0	Highest	$253,016	$35,881	$288,897
William Parker	Director, Network Operations	40.0	Highest	$189,698	$24,977	$214,675

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	$74,135,271	$66,051,698	$175,057,586	$8,083,573
2024	No data	No data	No data	No data
2023	$64,330,012	$60,483,730	$150,502,505	$3,846,282
2022	$60,168,737	$60,050,067	$151,917,409	$118,670
2021	$51,582,521	$54,420,215	$136,308,302	$-2,837,694
2020	$48,024,442	$48,273,155	$139,786,821	$-248,713
2019	$44,400,805	$50,737,174	$137,541,911	$-6,336,369

MCNC