NORTH CAROLINA CENTER FOR APPLIED … - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

STEVE WILKINS

Phone

7048253737

Tax Period

2024-07-01 to 2025-06-30

Mission

SUPPORT WORK SKILLS IN THE TEXTILE INDUSTRY

Program Service Accomplishments

Program 1

Expenses: $9,719

THE ORGANIZATION PROVIDES SUPPORT TO FACULTY AND STUDENTS WHO ENROLL IN CLASSES TO INCREASE THEIR KNOWLEDGE AND SKILLS IN JOBS RELATED TO THE TEXTILE INDUSTRY.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,719

Other Expenses $9,719

TOTAL EXPENSES $9,719

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	N/A	N/A
Expenses	$9,719	$15,403	-0.4%
Net Income	N/A	$-15,403	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN ANDERSON	DIRECTOR	N/A	Director	$0	$0	$0
JASMINE COX	DIRECTOR	N/A	Officer	$0	$0	$0
JASON ELDER	DIRECTOR	N/A	Director	$0	$0	$0
BILL GRAY	DIRECTOR	N/A	Director	$0	$0	$0
GILBERT PATRICK	DIRECTOR	N/A	Director	$0	$0	$0
DAVID STALVEY	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
TERRY TURNER	DIRECTOR	N/A	Director	$0	$0	$0
ED WILBURN	DIRECTOR	N/A	Director	$0	$0	$0
STEVE WILKINS	PRESIDENT	N/A	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	$9,719	$15,226	No data
2024	No data	$15,403	$24,945	No data
2023	$-1,250	$26,180	$40,348	$-27,430
2022	$-87,555	$32,117	$67,778	$-119,672
2021	$109,321	$32,140	$187,450	$77,181
2020	$12,971	$52,992	$110,269	$-40,021
2019	$40,975	$39,255	$156,140	$1,720

NORTH CAROLINA CENTER FOR APPLIED TEXTILE TECHNOLOGY FOUNDATION INC