Tarheel Minuteman Foundation (EIN 821019607) - 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

2017

Legal Domicile

Phone

9198513390

Tax Period

2024-07-01 to 2025-06-30

Tarheel Minuteman Foundation, founded in 2017, is a small nonprofit in the Public & Societal Benefit sector that reported $128K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $141K exceeded revenue, resulting in a 10% operating deficit.

Mission

Funding and program support for members of the NC National Guard and thier families, including college scholarship support, family and disaster relief needs, and historical preservation of the NC National Guard.

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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 $78,603

Program Service Revenue $0

Investment Income $41,536

Other Revenue $7,725

TOTAL REVENUE $127,864

Expense Breakdown

Grants Paid $112,986

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $119,247

Other Expenses $27,862

TOTAL EXPENSES $140,848

Year-over-Year Comparison

	2024	2023	Change
Revenue	$127,864	$115,152	+0.1%
Expenses	$140,848	$93,938	+0.5%
Net Income	$-12,984	$21,214	-1.6%

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
Allan Cecil	Chair	2.00	Officer	$0	$0	$0
Tony Ferguson	Board Member	0.50	Director	$0	$0	$0
Durwood Lassiter	Board Member	0.50	Director	$0	$0	$0
Shawn McClafferty	Board Member	0.50	Director	$0	$0	$0
Wade Poovey	Board Member	0.50	Director	$0	$0	$0
Irene Smith	Board Member	0.50	Director	$0	$0	$0
Stephen Stokes	Board Member	0.50	Director	$0	$0	$0
Christine Quante	Exec Dir/Secretary	4.00	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
2025	$127,864	$140,848	$914,431	$-12,984
2024	$115,152	$93,938	$927,415	$21,214
2023	$833,455	$66,276	$906,201	$767,179
2022	$89,583	$5,245	$139,023	$84,338

Tarheel Minuteman Foundation