NORTH CAROLINA BETA FOUNDATION INC (EIN 582117674) - 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

1936

Legal Domicile

Principal Officer

MICHAEL BRIAN HICKEY

Phone

9197934464

Tax Period

2023-01-01 to 2023-12-31

NORTH CAROLINA BETA FOUNDATION INC, founded in 1936, is a small nonprofit that reported $797K in total revenue in fiscal year 2023. Revenue surged 1066% from the prior year, signaling strong growth momentum. The organization ran a surplus of $547K, a strong 69% operating margin.

Mission

TO PROMOTE SOCIAL AND FRATERNAL INTERACTION TO THE MEMBERS (ALUMNI) AND TO PROVIDE THE FRATERNAL HOUSE FOR THE PHI DELTA THETA FRATERNITY.

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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 $737,647

Program Service Revenue $59,000

Investment Income $1

Other Revenue $0

TOTAL REVENUE $796,648

Expense Breakdown

Grants Paid $500

Salaries & Benefits $56,633

Fundraising Expenses $0

Other Expenses $192,971

TOTAL EXPENSES $250,104

Year-over-Year Comparison

	2023	2022	Change
Revenue	$796,648	$68,312	+10.7%
Expenses	$250,104	N/A	N/A
Net Income	$546,544	$68,312	+7.0%

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
MICHAEL BRIAN HICKEY	DIRECTOR/CHAIR	1.00	Officer Director	$0	$0	$0
GLENN WILLIAM BROWN JR	DIRECTOR	1.00	Director	$0	$0	$0
BLAKE WALKER HOWITT	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS LOSCHIAVO	DIRECTOR	1.00	Director	$0	$0	$0
MILES R PALMER	DIRECTOR	1.00	Director	$0	$0	$0
ALEX WILLIAM PLATZBECKER	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	$796,648	$250,104	$1,862,381	$546,544
2022	$68,312	No data	$1,315,837	No data
2021	$-65,219	$3,769	$1,247,525	$-68,988
2020	$3,339	$9,551	$1,341,901	$-6,212
2019	$-37,122	$13,918	$1,322,725	$-51,040
2018	$-36,224	$14,999	$1,373,765	$-51,223

NORTH CAROLINA BETA FOUNDATION INC