North Carolina Employee Ownership Center (EIN 841779855) - 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

2019

Principal Officer

MERALD HOLLOWAY

Phone

9193391611

Tax Period

2025-01-01 to 2025-12-31

North Carolina Employee Ownership Center, founded in 2019, is a small nonprofit in the Employment sector that reported $321K in total revenue in fiscal year 2025. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $96K, a strong 30% operating margin.

Mission

PROTECT JOBS, INCREASE COMMUNITY WEALTH, & CREATE A MORE INCLUSIVE ECONOMY THROUGH EMPLOYEE OWNERSHIP.

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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 (2025)

Revenue Breakdown

Contributions & Grants $304,829

Program Service Revenue $12,500

Investment Income $312

Other Revenue $3,250

TOTAL REVENUE $320,891

Expense Breakdown

Grants Paid $0

Salaries & Benefits $89,267

Fundraising Expenses $39,004

Program Expenses $115,779

Other Expenses $117,474

TOTAL EXPENSES $224,741

Year-over-Year Comparison

	2025	2024	Change
Revenue	$320,891	$165,426	+0.9%
Expenses	$224,741	$216,156	+0.0%
Net Income	$96,150	$-50,730	-2.9%

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

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

$66,667

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ILLA BURBANK	Executive Dir.	40.00	Director	$66,667	$0	$66,667
PATRICK MCHUGH	Trustee	1.00	Director	$0	$0	$0
GALE MARETT	Trustee	1.00	Director	$0	$0	$0
ZARIN KRESGE	Trustee	1.00	Director	$0	$0	$0
ANDREW FOSTER	Trustee	1.00	Director	$0	$0	$0
PAMELA COLLEY	Trustee	1.00	Director	$0	$0	$0
MERALD HOLLOWAY	Chairman	1.00	Officer	$0	$0	$0
LA-TASHA BEST-GADDY	Treasurer	1.50	Officer	$0	$0	$0
COLIN KISER	Vice President	1.00	Officer	$0	$0	$0
AARON DAWSON	Secretary	1.00	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	$320,891	$224,741	$274,676	$96,150
2024	$165,426	$216,156	$173,399	$-50,730
2023	$249,602	$156,594	$219,318	$93,008
2022	$215,810	$149,324	$124,456	$66,486

North Carolina Employee Ownership Center