NORTH CAROLINA RESTAURANT AND LODGING ASSOCIATION FOUNDATION INC (EIN 810618683) - 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

2003

Legal Domicile

Principal Officer

LYNN MINGES

Phone

9198440098

Tax Period

2024-01-01 to 2024-12-31

NORTH CAROLINA RESTAURANT AND LODGING ASSOCIATION FOUNDATION INC, founded in 2003, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 106% from the prior year, signaling strong growth momentum. The organization ran a surplus of $251K, a strong 16% operating margin.

Mission

THE NORTH CAROLINA RESTAURANT & LODGING ASSOCIATION IS A PHILANTHROPIC ORGANIZATION THAT SUPPORTS THE NORTH CAROLINA HOSPITALITY INDUSTRY'S SERVICE TO THE PUBLIC THROUGH EDUCATION, COMMUNITY SERVICE, COMMUNITY ENGAGEMENT, AND PROMOTION OF CAREER OPPORTUNITIES. NCRLA FOUNDATION WORKS TO ATTRACT, DEVELOP, SUPPORT, AND RETAIN A CAREER-ORIENTED PROFESSIONAL WORKFORCE FOR THE HOSPITALITY INDUSTRY. WE PROVIDE GRANTS TO WORKERS IN THE HOSPITALITY INDUSTRY WHO FACE FINANCIAL HARDSHIPS. WE SUPPORT CAREER AND TECHNICAL EDUCATION PROGRAMMING IN NC CLASSROOMS WITH THE GOAL OF INTRODUCING STUDENTS TO CAREER OPPORTUNITIES AND FACILITATING ON-THE-JOB WORK EXPERIENCE IN NC RESTAURANTS AND HOTELS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $285,602

Program Service Revenue $0

Investment Income $31,484

Other Revenue $1,260,723

TOTAL REVENUE $1,577,809

Expense Breakdown

Grants Paid $560,900

Salaries & Benefits $0

Fundraising Expenses $18,814

Program Expenses $1,265,494

Other Expenses $766,327

TOTAL EXPENSES $1,327,227

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,577,809	$767,271	+1.1%
Expenses	$1,327,227	$654,686	+1.0%
Net Income	$250,582	$112,585	+1.2%

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

$403,972

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN MINGES	NCRLA PRESID	4.00	Director	$0	$14,084	$403,972
ANDREW BAKER	BOARD MEMBER	0.50	Director	$0	$0	$0
BENJAMIN CHAPMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
FRANCIS CLEMENTS	BOARD MEMBER	0.50	Director	$0	$0	$0
LEON COX	BOARD MEMBER	0.50	Director	$0	$0	$0
ANDY DINKIN	BOARD MEMBER	0.50	Director	$0	$0	$0
PETER GRILLS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JEFF HADLEY	BOARD MEMBER	0.50	Director	$0	$0	$0
MAX HOUSEWORTH	TREASURER	1.00	Officer Director	$0	$0	$0
MARK BURNEY JENNINGS	NCRLA IMM PA	1.00	Officer Director	$0	$0	$0
JERRY LANUZZA	CHAIR	1.00	Officer Director	$0	$0	$0
DANIEL LOTZ	BOARD MEMBER	0.50	Director	$0	$0	$0
SCOTT MELTZER	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID PALUMBO	BOARD MEMBER	0.50	Director	$0	$0	$0
TOM PASHLEY	NCRLA CHAIR	1.00	Officer Director	$0	$0	$0
KEITH RHODES	BOARD MEMBER	0.50	Director	$0	$0	$0
STEPHANIE SHEAR	BOARD MEMBER	0.50	Director	$0	$0	$0
BARRY SHUSTER	BOARD MEMBER	0.50	Director	$0	$0	$0
JASON SMITH	NCRLA VICE C	1.00	Officer Director	$0	$0	$0
CARY SNOW	BOARD MEMBER	0.50	Director	$0	$0	$0
ROBERT STEWART	BOARD MEMBER	0.50	Director	$0	$0	$0
STEVE THANHAUSER	BOARD MEMBER	0.50	Director	$0	$0	$0
THERESA THORB	SECRETARY	1.00	Officer Director	$0	$0	$0
GWEN TURNER	BOARD MEMBER	0.50	Director	$0	$0	$0
EDDIE WILSON	BOARD MEMBER	0.50	Director	$0	$0	$0
SHELLEY WOLFORD	IMMED PAST C	1.00	Officer 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
2024	$1,577,809	$1,327,227	$1,139,571	$250,582
2024	$1,577,809	$1,327,227	$1,139,571	$250,582
2023	$767,271	$654,686	$933,326	$112,585
2022	$291,482	$294,273	$823,913	$-2,791
2021	$560,919	$524,738	$754,597	$36,181
2020	$1,826,303	$1,756,830	$743,377	$69,473

NORTH CAROLINA RESTAURANT AND LODGING ASSOCIATION FOUNDATION INC