Clean Water for North Carolina Inc (EIN 581592902) - 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

Hope C Taylor

Phone

9194019600

Tax Period

2022-01-01 to 2022-12-31

Clean Water for North Carolina Inc, founded in 1984, is a small nonprofit in the Environment sector that reported $301K in total revenue in fiscal year 2022. Revenue decreased 17% compared to the prior year. Expenses of $341K exceeded revenue, resulting in a 13% operating deficit.

Mission

CWFNC promotes clean, safe water and environments for all North Carolinians, through organizing, education, advocacy and technical assistance, with offices in Durham and Asheville.

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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 (2022)

Revenue Breakdown

Contributions & Grants $292,941

Program Service Revenue $7,886

Investment Income $610

Other Revenue $0

TOTAL REVENUE $301,437

Expense Breakdown

Grants Paid $1,200

Salaries & Benefits $285,242

Fundraising Expenses $16,205

Program Expenses $274,172

Other Expenses $54,345

TOTAL EXPENSES $340,787

Year-over-Year Comparison

	2022	2021	Change
Revenue	$301,437	$361,475	-0.2%
Expenses	$340,787	$316,801	+0.1%
Net Income	$-39,350	$44,674	-1.9%

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

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

$68,922

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Veronica Oakler	Departing Executive Director	40.00	Officer	$50,267	$18,655	$68,922
Marshall Tyler	Chair/Treasurer	2.00	Officer Director	$0	$0	$0
Anita Simha	Vice Chair	1.00	Officer Director	$0	$0	$0
Lee Barnes	Secretary	1.50	Officer Director	$0	$0	$0
Nathanette Mayo	Board Member	1.00	Director	$0	$0	$0
Emma Sellers	Board Member	2.00	Director	$0	$0	$0
Calenda Cerpa	Board Member	1.00	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
2022	$301,437	$340,787	$325,816	$-39,350
2021	$361,475	$316,801	$365,437	$44,674
2020	$290,165	$276,607	$327,632	$13,558
2019	$354,060	$315,455	$340,021	$38,605
2018	$306,168	$250,813	$264,699	$55,355

Clean Water for North Carolina Inc