North Carolina Black Bear Festival… - 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

2017

Legal Domicile

Principal Officer

Thomas J Harrison

Phone

2527936627

Tax Period

2023-10-01 to 2024-09-30

North Carolina Black Bear Festival Inc, founded in 2017, is a small nonprofit in the Recreation & Sports sector that reported $281K in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $261K left a modest 7% surplus.

Mission

The primary purpose is to educate the public about black bears and celebrate this important North Carolina Native

Program Service Accomplishments

Program 1

Presentation of the North Carolina Black Bear Festival was held as a Live Event in June 2024. 35,000 people representing 15 States and 2 different Countries attended the Festival. The Festival's...

Presentation of the North Carolina Black Bear Festival was held as a Live Event in June 2024. 35,000 people representing 15 States and 2 different Countries attended the Festival. The Festival's director was once again recognized as Director of the Year for 2023 by the NC Association of Festivals and Events.

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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 $281,116

Program Service Revenue $0

Investment Income $-1,281

Other Revenue $974

TOTAL REVENUE $280,809

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $226,035

Other Expenses $260,931

TOTAL EXPENSES $260,931

Year-over-Year Comparison

	2023	2022	Change
Revenue	$280,809	$185,446	+0.5%
Expenses	$260,931	$181,643	+0.4%
Net Income	$19,878	$3,803	+4.2%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas J Harrison	President	5.00	Officer Director	$0	$0	$0
Mark Cagle	Vice-President	5.00	Officer Director	$0	$0	$0
Sharon Beasley	Secretary	5.00	Officer Director	$0	$0	$0
Debra Lyle Nixon	Treasurer	5.00	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
2025	No data	No data	No data	No data
2024	$280,809	$260,931	$58,967	$19,878

North Carolina Black Bear Festival Inc