NORTH CAROLINA SEPTIC TANK ASSOCIA… - 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

1990

Legal Domicile

Principal Officer

JIMMY SHOAF

Phone

3365938483

Tax Period

2023-01-01 to 2023-12-31

NORTH CAROLINA SEPTIC TANK ASSOCIATION INC, founded in 1990, is a small nonprofit that reported $474K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $95K, a strong 20% operating margin.

Mission

PROVIDING INFORMATION TO ITS MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $378,588

THE ORGANIZATION DISTRIBUTES INFORMATION TO ITS MEMBERS THROUGH NEWSLETTERS AND MEETINGS INCLUDING AN ANNUAL CONVENTION, HOLDING EDUCATIONAL SEMINARS AND ASSISTING IN DEVELOPING REGULATIONS FOR THE...

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $50,700

Investment Income $4,881

Other Revenue $418,360

TOTAL REVENUE $473,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $378,588

Other Expenses $378,588

TOTAL EXPENSES $378,588

Year-over-Year Comparison

	2023	2022	Change
Revenue	$473,941	$634,891	-0.3%
Expenses	$378,588	$306,165	+0.2%
Net Income	$95,353	$328,726	-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

267

Independent Members

266

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
N/A	VIC-PRESIDEN	N/A	Officer	$0	$0	$0
N/A	PRESIDENT	N/A	Officer	$0	$0	$0
N/A	SECRETARY	N/A	Officer	$0	$0	$0
JIMMY SHOAF	TREASURER	N/A	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
2024	No data	No data	No data	No data
2023	$473,941	$378,588	$778,144	$95,353
2022	$634,891	$306,165	$682,791	$328,726
2021	$242,442	$128,433	$354,065	$114,009
2020	$161,092	$113,811	$240,056	$47,281

NORTH CAROLINA SEPTIC TANK ASSOCIATION INC