COTTON INCORPORATED

EIN: 620786018

CARY, NC

Total Revenue
$89,064,927
Total Expenses
$87,422,549
Total Assets
$28,431,643
Net Assets
$9,030,171
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
TN
Phone
9196782220
Tax Period
2024-01-01 to 2024-12-31

COTTON INCORPORATED, founded in 1967, is a mid-sized nonprofit that reported $89.1M in total revenue in fiscal year 2024.

Mission

THE COMPANY PROVIDES FOR BUSINESS CLASS TICKETS FOR ALL EMPLOYEES ON SELECT INTERNATIONAL TRIPS, WHICH INCLUDE FIRST-CLASS TICKETS WHEN DOMESTIC TRAVEL IS INVOLVED ON THOSE ITINERARIES. THE COMPANY MAY ALSO ALLOW FIRST-CLASS TICKETS FOR CERTAIN EMPLOYEES WITH HEALTH REASONS OR SEAT AVAILABILITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $89,064,927
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $89,064,927

Expense Breakdown

Grants Paid $274,085
Salaries & Benefits $23,190,542
Fundraising Expenses $0
Program Expenses $0
Other Expenses $63,957,922
TOTAL EXPENSES $87,422,549

Year-over-Year Comparison

2024 2023 Change
Revenue $89,064,927 $87,174,483 +0.0%
Expenses $87,422,549 $84,537,341 +0.0%
Net Income $1,642,378 $2,637,142 -0.4%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
116
Independent Members
116
Employees
145
Volunteers
116

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
9
$2,267,523
Total Directors
116
$0
Key Employees
4
$1,502,780
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONNY LASSITER TREASURER 1.0
Officer Director
$0 $0 $0
JAMES JOHNSON CHAIR 1.0
Officer Director
$0 $0 $0
JEFF HUX SECRETARY 1.0
Officer Director
$0 $0 $0
MARVIN BEYER VICE CHAIR 1.0
Officer Director
$0 $0 $0
ALBERT ANDEL BOARD MEMBER 1.0
Director
$0 $0 $0
ALFRED PENNINGTON BOARD MEMBER 1.0
Director
$0 $0 $0
ALLEN BELOW BOARD MEMBER 1.0
Director
$0 $0 $0
ANDREW WENDLAND BOARD MEMBER 1.0
Director
$0 $0 $0
AUSTIN LITTLETON BOARD MEMBER 1.0
Director
$0 $0 $0
BASIL THOMPSON BOARD MEMBER 1.0
Director
$0 $0 $0
BENJAMIN BOYD BOARD MEMBER 1.0
Director
$0 $0 $0
BERNARD JORDAN BOARD MEMBER 1.0
Director
$0 $0 $0
BILL WALKER BOARD MEMBER 1.0
Director
$0 $0 $0
BRAD HARRISON BOARD MEMBER 1.0
Director
$0 $0 $0
BRAD WARREN BOARD MEMBER 1.0
Director
$0 $0 $0
BRADLEY JONES BOARD MEMBER 1.0
Director
$0 $0 $0
BRENT NELSON BOARD MEMBER 1.0
Director
$0 $0 $0
CASSY ENGLAND BOARD MEMBER 1.0
Director
$0 $0 $0
CHARLES MATHIS BOARD MEMBER 1.0
Director
$0 $0 $0
CHRISTOPHER HOPKINS BOARD MEMBER 1.0
Director
$0 $0 $0
CLINT WEBB BOARD MEMBER 1.0
Director
$0 $0 $0
COLEY BAILEY BOARD MEMBER 1.0
Director
$0 $0 $0
COLLIN MCKINLEY BOARD MEMBER 1.0
Director
$0 $0 $0
CURTIS WILDE BOARD MEMBER 1.0
Director
$0 $0 $0
DAN METZ BOARD MEMBER 1.0
Director
$0 $0 $0
DARREN HEMBREE BOARD MEMBER 1.0
Director
$0 $0 $0
DEAN ROVEY BOARD MEMBER 1.0
Director
$0 $0 $0
DOUGLAS JARRELL BOARD MEMBER 1.0
Director
$0 $0 $0
EARL STILES BOARD MEMBER 1.0
Director
$0 $0 $0
ELIZABETH SPRUELL BOARD MEMBER 1.0
Director
$0 $0 $0
ERIC SEIDENBERGER BOARD MEMBER 1.0
Director
$0 $0 $0
FARNSWORTH PUGH BOARD MEMBER 1.0
Director
$0 $0 $0
GARY HENDRIX BOARD MEMBER 1.0
Director
$0 $0 $0
GREG GLOVER BOARD MEMBER 1.0
Director
$0 $0 $0
GREG SLOUGH BOARD MEMBER 1.0
Director
$0 $0 $0
GREGG MAYBERRY BOARD MEMBER 1.0
Director
$0 $0 $0
HAROLD MAY BOARD MEMBER 1.0
Director
$0 $0 $0
HARRY SCHROEDER BOARD MEMBER 1.0
Director
$0 $0 $0
HENRY MCLAURIN BOARD MEMBER 1.0
Director
$0 $0 $0
HERRICK NORCROSS BOARD MEMBER 1.0
Director
$0 $0 $0
JACOB SANDEFORD BOARD MEMBER 1.0
Director
$0 $0 $0
JACOB SHEELY BOARD MEMBER 1.0
Director
$0 $0 $0
JAMES FERGUSON BOARD MEMBER 1.0
Director
$0 $0 $0
JAMES MASSEY BOARD MEMBER 1.0
Director
$0 $0 $0
JAN JONES BOARD MEMBER 1.0
Director
$0 $0 $0
JASON CONDREY BOARD MEMBER 1.0
Director
$0 $0 $0
JASON FELTON BOARD MEMBER 1.0
Director
$0 $0 $0
JASON MAYER BOARD MEMBER 1.0
Director
$0 $0 $0
JENIFER LANE BOARD MEMBER 1.0
Director
$0 $0 $0
JEREMY BROWN BOARD MEMBER 1.0
Director
$0 $0 $0
JEREMY GONZALES BOARD MEMBER 1.0
Director
$0 $0 $0
JERRY DAVIS BOARD MEMBER 1.0
Director
$0 $0 $0
JERRY SOWDER BOARD MEMBER 1.0
Director
$0 $0 $0
JESSE FLYE BOARD MEMBER 1.0
Director
$0 $0 $0
JOAQUIN TOLEDO BOARD MEMBER 1.0
Director
$0 $0 $0
JOE BAUMGARDNER BOARD MEMBER 1.0
Director
$0 $0 $0
JOHN DOUGLAS NEWTON BOARD MEMBER 1.0
Director
$0 $0 $0
JOHN MCDOWELL BOARD MEMBER 1.0
Director
$0 $0 $0
JOHN ROBINSON BOARD MEMBER 1.0
Director
$0 $0 $0
JOHN RUARK BOARD MEMBER 1.0
Director
$0 $0 $0
JONATHAN BERRY BOARD MEMBER 1.0
Director
$0 $0 $0
JONATHAN ISBELL BOARD MEMBER 1.0
Director
$0 $0 $0
JONATHAN JAMES BOARD MEMBER 1.0
Director
$0 $0 $0
JOSEPH JIMMERSON BOARD MEMBER 1.0
Director
$0 $0 $0
JUDSON HERRINGTON BOARD MEMBER 1.0
Director
$0 $0 $0
KELLY WHATLEY BOARD MEMBER 1.0
Director
$0 $0 $0
KENDALL GARRAWAY BOARD MEMBER 1.0
Director
$0 $0 $0
KENDALL WANNAMAKER BOARD MEMBER 1.0
Director
$0 $0 $0
KENT GOYEN BOARD MEMBER 1.0
Director
$0 $0 $0
KENTON DUNN BOARD MEMBER 1.0
Director
$0 $0 $0
KODY BEAVERS BOARD MEMBER 1.0
Director
$0 $0 $0
KRISTOFER VERETT BOARD MEMBER 1.0
Director
$0 $0 $0
LACY VARDEMAN BOARD MEMBER 1.0
Director
$0 $0 $0
LAWRENCE LONG BOARD MEMBER 1.0
Director
$0 $0 $0
LEWIE JOE SMITH BOARD MEMBER 1.0
Director
$0 $0 $0
LINK CARLTON BOARD MEMBER 1.0
Director
$0 $0 $0
LLOYD ARTHUR BOARD MEMBER 1.0
Director
$0 $0 $0
LONNIE FORTNER BOARD MEMBER 1.0
Director
$0 $0 $0
MALCOLM CALHOUN BOARD MEMBER 1.0
Director
$0 $0 $0
MARK HOWARD BOARD MEMBER 1.0
Director
$0 $0 $0
MARTIN STOERNER BOARD MEMBER 1.0
Director
$0 $0 $0
MICHAEL PATSCHKE BOARD MEMBER 1.0
Director
$0 $0 $0
MONTE THOM BOARD MEMBER 1.0
Director
$0 $0 $0
NATHAN REED BOARD MEMBER 1.0
Director
$0 $0 $0
PHILIP EDWARDS BOARD MEMBER 1.0
Director
$0 $0 $0
PHILLIP MURRAY BOARD MEMBER 1.0
Director
$0 $0 $0
REID NICHOLS BOARD MEMBER 1.0
Director
$0 $0 $0
RICHARD HEIDEN BOARD MEMBER 1.0
Director
$0 $0 $0
RICHY BIBB BOARD MEMBER 1.0
Director
$0 $0 $0
ROBERT COKER BOARD MEMBER 1.0
Director
$0 $0 $0
ROBERT ENGLERT BOARD MEMBER 1.0
Director
$0 $0 $0
ROBERT FLEMING BOARD MEMBER 1.0
Director
$0 $0 $0
ROBERT WALKER BOARD MEMBER 1.0
Director
$0 $0 $0
ROSE FULLEN BOARD MEMBER 1.0
Director
$0 $0 $0
ROSS KENDRICK BOARD MEMBER 1.0
Director
$0 $0 $0
ROSS RAYNER BOARD MEMBER 1.0
Director
$0 $0 $0
RUSSELL EGGEMEYER BOARD MEMBER 1.0
Director
$0 $0 $0
SAM SHACKELFORD BOARD MEMBER 1.0
Director
$0 $0 $0
SAM SPARKS BOARD MEMBER 1.0
Director
$0 $0 $0
SAMUEL VINYARD BOARD MEMBER 1.0
Director
$0 $0 $0
SAMUEL WALTON BOARD MEMBER 1.0
Director
$0 $0 $0
STACY SMITH BOARD MEMBER 1.0
Director
$0 $0 $0
STEPHEN LOGAN BOARD MEMBER 1.0
Director
$0 $0 $0
STEVEN CLAY BOARD MEMBER 1.0
Director
$0 $0 $0
STEVEN DROKE BOARD MEMBER 1.0
Director
$0 $0 $0
TERRY POLLARD BOARD MEMBER 1.0
Director
$0 $0 $0
TOBY ROBERTSON BOARD MEMBER 1.0
Director
$0 $0 $0
TRAVIS MIRES BOARD MEMBER 1.0
Director
$0 $0 $0
TYLER ISBELL BOARD MEMBER 1.0
Director
$0 $0 $0
VONDA STEVENS-KIRKPATRICK BOARD MEMBER 1.0
Director
$0 $0 $0
WALT HAGOOD BOARD MEMBER 1.0
Director
$0 $0 $0
WENDELL SUMNER BOARD MEMBER 1.0
Director
$0 $0 $0
WILLIAM HARDWICK BOARD MEMBER 1.0
Director
$0 $0 $0
WILLIAM SANFORD BOARD MEMBER 1.0
Director
$0 $0 $0
WILLIAM THOMPSON BOARD MEMBER 1.0
Director
$0 $0 $0
ZACH LOGAN BOARD MEMBER 1.0
Director
$0 $0 $0
J BERRYE WORSHAM PRESIDENT & CEO (THRU 11/2024) 40.0
Officer
$784,861 $126,060 $910,921
JOHN KUCMIERZ VP, ADMINISTRATION (AS OF 08/2024) 40.0
Officer
$193,166 $78,210 $271,376
JOHN MORGANS VP, ADMINISTRATION & ASSISTANT TO PRESIDENT (THRU 08/2024) 40.0
Officer
$271,721 $55,464 $327,185
TIMOTHY JOHNSON VP & CFO 40.0
Officer
$263,996 $64,047 $328,043
WILLIAM KIMBRELL PRESIDENT & CEO (AS OF 11/2024) 40.0
Officer
$350,168 $79,830 $429,998
KIMBERLY S KITCHINGS SENIOR VP, CONSUMER MARKETING 40.0
Key Emp
$317,614 $87,812 $405,426
MARK MESSURA SENIOR VP, GLOBAL SUPPLY CHAIN MARKETING 40.0
Key Emp
$357,939 $126,183 $484,122
MIKE SHEN VP & MANAGING DIRECTOR, PDI 40.0
Key Emp
$281,297 $49,214 $330,511
RYAN KURTZ VP, AGRICULTURAL & ENVIRONMENTAL RESEARCH 40.0
Key Emp
$238,733 $43,988 $282,721
BONNY KWAN ASSOCIATE DIRECTOR, GLOBAL SUPPLY CHAIN MARKETING 40.0
Highest
$207,110 $5,825 $212,935
JESSE DAYSTAR VP & CHIEF SUSTAINABILITY OFFICER 40.0
Highest
$265,828 $37,177 $303,005
JOHN CHIAVACCI VP, INFORMATION TECHNOLOGY & CTO 40.0
Highest
$254,102 $88,213 $342,315
MARY ANKENY VP, PDI OPERATIONS 40.0
Highest
$252,618 $76,573 $329,191
VIKKI MARTIN VP, FIBER COMPETITION 40.0
Highest
$261,731 $66,775 $328,506
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 $89,064,927 $87,422,549 $28,431,643 $1,642,378
2023 $87,174,483 $84,537,341 $27,503,293 $2,637,142
2022 $83,241,579 $82,108,003 $28,047,677 $1,133,576
2021 $76,215,846 $72,642,542 $22,712,180 $3,573,304
2020 $78,735,912 $78,364,425 $25,341,254 $371,487
2019 $79,988,476 $80,582,821 $16,874,402 $-594,345
2018 $74,031,811 $73,464,363 $15,224,790 $567,448
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare COTTON INCORPORATED with other nonprofits in North Carolina and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.