North Carolina Association of CED Inc (EIN 581871946) - 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

1989

Legal Domicile

Principal Officer

Joyce Dickens

Phone

2524434659

Tax Period

2025-01-01 to 2025-12-31

North Carolina Association of CED Inc, founded in 1989, is a small nonprofit that reported $184K in total revenue in fiscal year 2025. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $239K exceeded revenue, resulting in a 30% operating deficit.

Mission

Strengthening NC economy and creating a better tomorrow for all North Carolinians by advancing innovative, community-based economic development strategies that improve the quality of life where NC residents live, work and play.

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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 (2025)

Revenue Breakdown

Contributions & Grants $183,611

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $183,611

Expense Breakdown

Grants Paid $0

Salaries & Benefits $174,036

Fundraising Expenses $0

Program Expenses $186,496

Other Expenses $65,100

TOTAL EXPENSES $239,136

Year-over-Year Comparison

	2025	2024	Change
Revenue	$183,611	$281,906	-0.3%
Expenses	$239,136	$262,058	-0.1%
Net Income	$-55,525	$19,848	-3.8%

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

$68,004

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Susan Perry-Cole	President	40.00	Officer	$61,914	$6,090	$68,004
Joyce Dickens	Board Chair	0.50	Officer Director	$0	$0	$0
Lenwood Long	Treasurer	0.25	Officer Director	$0	$0	$0
Mavis Hill	Director	0.25	Director	$0	$0	$0
Cathy Alston-Kearney	Director	0.25	Director	$0	$0	$0
John Barnes	Director	0.25	Director	$0	$0	$0
Arlene Lawson	Director	0.25	Director	$0	$0	$0
Stephanie Swepson-Twitty	Director	0.25	Director	$0	$0	$0
Sharon Bey-Christopher	Director	0.25	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	$183,611	$239,136	$288,079	$-55,525
2024	$281,906	$262,058	$462,131	$19,848
2023	$432,628	$344,336	$567,421	$88,292
2022	$352,952	$297,436	$407,206	$55,516
2021	$320,744	$237,354	$253,326	$83,390
2020	$207,011	$206,222	$232,298	$789
2019	$259,279	$208,501	$109,089	$50,778
2018	$170,246	$151,088	$227,208	$19,158

North Carolina Association of CED Inc