CAROLINA SMALL BUSINESS DEVELOPMENT FUND (EIN 581903219) - 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

1990

Legal Domicile

Principal Officer

KEVIN DICK

Phone

9198031437

Tax Period

2022-07-01 to 2023-06-30

CAROLINA SMALL BUSINESS DEVELOPMENT FUND, founded in 1990, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $10.5M in total revenue in fiscal year 2022. Revenue surged 63% from the prior year, signaling strong growth momentum. Expenses of $9.3M left a modest 11% surplus.

Mission

OUR MISSION IS TO FOSTER ECONOMIC DEVELOPMENT IN UNDERSERVED COMMUNITIES BY PROVIDING CAPITAL, BUSINESS SERVICES, AND POLICY RESEARCH TO SUPPORT SMALL BUSINESSES.

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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 $7,833,944

Program Service Revenue $2,667,924

Investment Income $72,374

Other Revenue $-89,915

TOTAL REVENUE $10,484,327

Expense Breakdown

Grants Paid $2,254,645

Salaries & Benefits $3,518,210

Fundraising Expenses $0

Program Expenses $7,818,608

Other Expenses $3,563,523

TOTAL EXPENSES $9,336,378

Year-over-Year Comparison

	2022	2021	Change
Revenue	$10,484,327	$6,416,650	+0.6%
Expenses	$9,336,378	$6,271,251	+0.5%
Net Income	$1,147,949	$145,399	+6.9%

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

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

$789,685

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN DICK	PRESIDENT &	40.00	Officer	$205,081	$22,079	$227,160
MARK ROYSTER	CHIEF CREDIT	40.00	Officer	$133,812	$20,015	$153,827
JOHN SABISTON	CFO	40.00	Officer	$121,526	$22,149	$143,675
JAMIE MCCALL	VP POLICY &	40.00	Officer	$118,445	$16,801	$135,246
LORI DIAZ	VP BUSINESS	40.00	Officer	$113,358	$16,419	$129,777
ELLYSA SMITH	HUMAN RESOUR	40.00	Highest	$100,938	$15,772	$116,710
REGINOLD JONES	BUSINESS SOL	40.00	Highest	$101,516	$6,179	$107,695
TED ARCHER	BOARD VICE C	1.00	Officer Director	$0	$0	$0
RODRICK BANKS	DIRECTOR	1.00	Director	$0	$0	$0
DR PAULETTE DILLARD	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
STEPHEN DILLE	DIRECTOR	1.00	Director	$0	$0	$0
DR JOSEPH FOX	DIRECTOR	1.00	Director	$0	$0	$0
MERRILL FLOOD	DIRECTOR	1.00	Director	$0	$0	$0
LARRY GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
HUNTLEY GARRIOTT	BOARD TREASU	1.00	Officer Director	$0	$0	$0
JEFFREY HASTINGS	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY HALL MCNEILL	BOARD SECRET	1.00	Officer Director	$0	$0	$0
JEFF MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
GRACE NYSTRUM	DIRECTOR	1.00	Director	$0	$0	$0
FRANK POLLOCK	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE PERSON	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
PILAR ROCHA-GOLDBERG	DIRECTOR	1.00	Director	$0	$0	$0
NANCY PATRICK STROUD	FORMER BOARD	1.00	Director	$0	$0	$0
AARON THOMAS	DIRECTOR	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$10,484,327	$9,336,378	$34,372,780	$1,147,949
2022	$6,416,650	$6,271,251	$42,816,299	$145,399
2021	$7,982,393	$7,169,015	$38,671,185	$813,378
2020	$5,600,963	$6,866,306	$42,296,968	$-1,265,343
2019	$8,969,393	$8,153,430	$40,644,527	$815,963
2018	$6,835,372	$7,048,155	$38,007,117	$-212,783

CAROLINA SMALL BUSINESS DEVELOPMENT FUND