North Carolina Black Bear Festival Inc

EIN: 823528585 501(c)(3) Recreation & Sports

Plymouth, NC

Total Revenue
$280,809
Total Expenses
$260,931
Total Assets
$58,967
Net Assets
$58,967
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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
NC
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.

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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%)

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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

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Governance

Voting Members
4
Independent Members
4
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
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
2024 $280,809 $260,931 $58,967 $19,878
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