NORTH CAROLINA TEACHERS AND STATE EMPLOYEES BENEFIT TRUST

EIN: 581413870

RALEIGH, NC

Total Revenue
$42,228,301
Total Expenses
$503,080,043
Total Assets
N/A
Net Assets
N/A
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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
1979
Legal Domicile
NC
Principal Officer
THOMAS CAUSEY
Phone
9198144195
Tax Period
2022-01-01 to 2022-12-31

NORTH CAROLINA TEACHERS AND STATE EMPLOYEES BENEFIT TRUST, founded in 1979, is a mid-sized nonprofit that reported $42.2M in total revenue in fiscal year 2022. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $503.1M exceeded revenue, resulting in a 1091% operating deficit.

Mission

STATE GOVERNMENT BENEFIT PLAN, PRIMARILY HOLDING DEATH BENEFITS & TRANSACTING INFLOWS & OUTFLOWS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $37,765,537
Investment Income $4,462,764
Other Revenue $0
TOTAL REVENUE $42,228,301

Expense Breakdown

Grants Paid $458,411,799
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $320,982
TOTAL EXPENSES $503,080,043

Year-over-Year Comparison

2022 2021 Change
Revenue $42,228,301 $64,852,775 -0.3%
Expenses $503,080,043 $62,354,458 +7.1%
Net Income $-460,851,742 $2,498,317 -185.5%
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

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Governance

Voting Members
N/A
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS CAUSEY EXECUTIVE DIRECTOR OF RETI 0.00
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
2022 $42,228,301 $503,080,043 No data $-460,851,742
2021 $64,852,775 $62,354,458 $504,533,775 $2,498,317
2020 $91,368,458 $54,687,372 $521,810,319 $36,681,086
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