CAROLINA BUSINESS CAPITAL INC (EIN 581480391) - 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

1982

Legal Domicile

Tax Period

2023-10-01 to 2024-09-30

CAROLINA BUSINESS CAPITAL INC, founded in 1982, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum. Expenses of $918K left a modest 10% surplus.

Mission

CBC IS A NONPROFIT, NON-STOCK CORPORATION WHOSE PURPOSE IS TO PROMOTE ECONOMIC GROWTH AND DEVELOPMENT OF SMALL BUSINESSES IN NORTH CAROLINA THROUGH THE ORIGINATION AND SERVICING OF SBA LOANS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $871,837

Investment Income $152,101

Other Revenue $0

TOTAL REVENUE $1,023,938

Expense Breakdown

Grants Paid $100

Salaries & Benefits $534,151

Fundraising Expenses $0

Program Expenses $874,460

Other Expenses $383,770

TOTAL EXPENSES $918,021

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,023,938	$647,224	+0.6%
Expenses	$918,021	$754,757	+0.2%
Net Income	$105,917	$-107,533	-2.0%

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

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

$196,943

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC L DIXON	PRESIDENT	40.00	Officer	$183,654	$13,289	$196,943
ERIC SOWERS	DIRECTOR	0.00	Director	$0	$0	$0
RICHARD ROBERTSON	DIRECTOR	0.00	Director	$0	$0	$0
JIMMY MOLINA	DIRECTOR	0.00	Director	$0	$0	$0
NEIL HOLLIFIELD	DIRECTOR	0.00	Director	$0	$0	$0
BRAD MCMILLAN	DIRECTOR	0.00	Director	$0	$0	$0
ADAM STEWART	DIRECTOR	0.00	Director	$0	$0	$0
DOUG SUTHERLAND	DIRECTOR	0.00	Director	$0	$0	$0
ROB SHELL	DIRECTOR	0.00	Director	$0	$0	$0
DAN BOYD	DIRECTOR	0.00	Director	$0	$0	$0
RICHARD PAPPAS	DIRECTOR	0.00	Director	$0	$0	$0
BEN SHARPE	DIRECTOR	0.00	Director	$0	$0	$0
RUSTY PRICE	DIRECTOR	0.00	Director	$0	$0	$0
JOE JACKSON	CHAIRMAN	0.00	Officer Director	$0	$0	$0
TIM CARSWELL	SECRETARY	0.00	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
2025	No data	No data	No data	No data
2024	$1,023,938	$918,021	$5,425,928	$105,917
2023	$647,224	$754,757	$4,500,678	$-107,533
2022	$691,747	$550,254	$4,164,903	$141,493
2021	$599,489	$506,833	$4,850,078	$92,656
2020	$950,472	$579,118	$4,483,403	$371,354
2019	$700,951	$645,077	$4,246,363	$55,874
2018	$673,105	$647,545	$4,275,375	$25,560

CAROLINA BUSINESS CAPITAL INC