State Employees Association of North Carolina Inc (EIN 581575076) - 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

1984

Legal Domicile

Principal Officer

ARDIS WATKINS

Phone

9198336436

Tax Period

2020-10-01 to 2021-09-30

State Employees Association of North Carolina Inc, founded in 1984, is a community nonprofit that reported $7.9M in total revenue in fiscal year 2020. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.6M, a strong 20% operating margin.

Mission

TO PROMOTE THE INTERESTS OF STATE EMPLOYEES.

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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 $6,464,890

Program Service Revenue $824,649

Investment Income $13,104

Other Revenue $585,727

TOTAL REVENUE $7,888,370

Expense Breakdown

Grants Paid $10,103

Salaries & Benefits $3,229,304

Fundraising Expenses $0

Other Expenses $3,072,276

TOTAL EXPENSES $6,311,683

Year-over-Year Comparison

	2020	2019	Change
Revenue	$7,888,370	$6,581,839	+0.2%
Expenses	$6,311,683	$5,331,445	+0.2%
Net Income	$1,576,687	$1,250,394	+0.3%

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

850

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

$10,000

Total Directors

$10,000

Key Employees

$169,539

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ardis Watkins	Executive Director	40.0	Key Emp	$151,513	$18,026	$169,539
Gwendolyn M Kea	Director of Finance	40.0	Highest	$108,692	$13,328	$122,020
Jimmy Davis	President	20.0	Officer Director	$5,000	$0	$5,000
Betty Gautier	Secretary	20.0	Officer Director	$5,000	$0	$5,000
Martha Fowler	1st Vice President	20.0	Officer Director	$0	$0	$0
Kirk Montgomery	2nd Vice President	20.0	Officer Director	$0	$0	$0
Chevella L Thomas	Treasurer	20.0	Officer Director	$0	$0	$0
Stanley Drewery	Past President	20.0	Officer Director	$0	$0	$0
James Rowell	District 1 Chair	15.0	Director	$0	$0	$0
Cliff Johnson	District 2 Chair	15.0	Director	$0	$0	$0
Anne Castro	District 3 Chair	15.0	Director	$0	$0	$0
Caroline Dedmon	District 4 Chair	15.0	Director	$0	$0	$0
Tony Smith	District 5 Chair	15.0	Director	$0	$0	$0
Sonya Akbar	District 6 Chair	15.0	Director	$0	$0	$0
Henry Belada	District 7 Chair	15.0	Director	$0	$0	$0
Michael Jenkins	District 8 Chair	15.0	Director	$0	$0	$0
Jamie Robinson	District 9 Chair	15.0	Director	$0	$0	$0
Tonia Warnic	District 10 Chair	15.0	Director	$0	$0	$0
Jamie Bennett	District 11 Chair	15.0	Director	$0	$0	$0
Chenell Rose	District 12 Chair	15.0	Director	$0	$0	$0
Mary Clark	District 13 Chair	15.0	Director	$0	$0	$0
Willie Bailey	District 16 Chair	15.0	Director	$0	$0	$0
Kemrey Lamarr	District 17 Chair	15.0	Director	$0	$0	$0
Lisa Martin-Brower	District 18 Chair	15.0	Director	$0	$0	$0
Anthony Weaver	District 19 Chair	15.0	Director	$0	$0	$0
Jacquelyn Chatman	District 20 Chair	15.0	Director	$0	$0	$0
Virginia Lindsey	District 21 Chair	15.0	Director	$0	$0	$0
Deborah Harney	District 22 Chair	15.0	Director	$0	$0	$0
Jeremy Register	District 23 Chair	15.0	Director	$0	$0	$0
Lenetta Singletary	District 24 Chair	15.0	Director	$0	$0	$0
James Holman	District 25 Chair	15.0	Director	$0	$0	$0
Charles Sanders	District 26 Chair	15.0	Director	$0	$0	$0
Janet Bunch	District 27 Chair	15.0	Director	$0	$0	$0
DuBoris Peterkin	District 28 Chair	15.0	Director	$0	$0	$0
Furman Beckwith	District 37 Chair	15.0	Director	$0	$0	$0
Betty Jackson	District 38 Chair	15.0	Director	$0	$0	$0
Brian Swiger	District 39 Chair	15.0	Director	$0	$0	$0
Vernice Whyms	District 40 Chair	15.0	Director	$0	$0	$0
Emily Jones	District 41 Chair	15.0	Director	$0	$0	$0
Shirley Bell	District 42 Chair	15.0	Director	$0	$0	$0
Brenda Johnson	District 43 Chair	15.0	Director	$0	$0	$0
Brenda Williams	District 44 Chair	15.0	Director	$0	$0	$0
John Williams	District 45 Chair	15.0	Director	$0	$0	$0
Regina Norman	District 46 Chair	15.0	Director	$0	$0	$0
Michael Johnson	District 56 Chair	15.0	Director	$0	$0	$0
Drew Stanley	District 57 Chair	15.0	Director	$0	$0	$0
Chuck Stone	District 58 Chair	15.0	Director	$0	$0	$0
Kathy Merritt	District 59 Chair	15.0	Director	$0	$0	$0
Debi Artis	District 60 Chair	15.0	Director	$0	$0	$0
Cindy Hester	District 61 Chair	15.0	Director	$0	$0	$0
Laura Overstreet	District 62 Chair	15.0	Director	$0	$0	$0
Sherry Dodge	District 63 Chair	15.0	Director	$0	$0	$0
Latina Shelley	District 64 Chair	15.0	Director	$0	$0	$0
Cynthia Hart	District 65 Chair	15.0	Director	$0	$0	$0
Evenlyn Brown	District 66 Chair	15.0	Director	$0	$0	$0
Patricia Moore	District 67 Chair	15.0	Director	$0	$0	$0
Rita Woods	District 68 Chair	15.0	Director	$0	$0	$0
Tonya Jennings	District 69 Chair	15.0	Director	$0	$0	$0
Ernest Fleming	District 70 Chair	15.0	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
2021	$7,888,370	$6,311,683	$16,251,800	$1,576,687
2020	$6,581,839	$5,331,445	$14,851,829	$1,250,394
2019	$7,231,435	$5,007,619	$13,087,632	$2,223,816
2018	$7,229,383	$5,477,102	$11,525,955	$1,752,281

State Employees Association of North Carolina Inc