North Carolina Basketmakers Association Inc (EIN 581876498) - 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

Judy Wobbleton

Phone

2527924301

Tax Period

2025-01-01 to 2025-12-31

North Carolina Basketmakers Association Inc, founded in 1989, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $52K in total revenue in fiscal year 2025. Expenses of $49K left a modest 4% surplus.

Mission

The organization was established to stimulate the art of basketry and to share information and techniques to basketmakers in North Carolina.

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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 $18,873

Program Service Revenue $30,329

Investment Income $2,511

Other Revenue $0

TOTAL REVENUE $51,713

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,585

Other Expenses $49,491

TOTAL EXPENSES $49,491

Year-over-Year Comparison

	2025	2024	Change
Revenue	$51,713	$53,416	0.0%
Expenses	$49,491	$45,959	+0.1%
Net Income	$2,222	$7,457	-0.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Katherine Lake	Member-at-Large/Website Re	5.00	Director	$0	$0	$0
Tami Daniels	Member-at-Large/Parlimenta	5.00	Director	$0	$0	$0
Joanna Fonville	Member-at-Large	5.00	Director	$0	$0	$0
Janice Humphreys	Membership	5.00	Director	$0	$0	$0
Debbie Badgett	Member-at-Large	5.00	Director	$0	$0	$0
Pat Moritz	Member-at-Large	5.00	Director	$0	$0	$0
Debbie Milligan	Member-at-Large	5.00	Director	$0	$0	$0
Charlene White	President	5.00	Officer	$0	$0	$0
Shirley McGukin	Vice President	5.00	Officer	$0	$0	$0
Jenny Elzy	Secretary	5.00	Officer	$0	$0	$0
Judy Wobbleton	Treasurer	5.00	Officer	$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	$51,713	$49,491	$123,400	$2,222
2024	$53,416	$45,959	$121,177	$7,457
2023	$54,207	$40,628	$113,718	$13,579
2022	$48,729	$42,954	$100,139	$5,775
2021	$5,275	$17,847	$94,364	$-12,572
2020	$39,152	$33,769	$106,550	$5,383
2019	$53,753	$52,117	$101,167	$1,636
2018	$62,973	$60,727	$99,531	$2,246

North Carolina Basketmakers Association Inc