Fair Future NC (EIN 843038674) - 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

Legal Domicile

Principal Officer

Keith Mason

Phone

2529457156

Tax Period

2024-01-01 to 2024-12-31

Fair Future NC, founded in 2019, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 2141% from the prior year, signaling strong growth momentum.

Mission

Fair Future is focused on leveling the playing field so that hardworking North Carolinians have access to good jobs, healthy lifestyles and promising futures.

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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 $3,070,030

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,070,030

Expense Breakdown

Grants Paid $1,050,000

Salaries & Benefits $64,534

Fundraising Expenses $0

Program Expenses $2,910,582

Other Expenses $1,901,868

TOTAL EXPENSES $3,016,402

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,070,030	$137,000	+21.4%
Expenses	$3,016,402	N/A	N/A
Net Income	$53,628	$137,000	-0.6%

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

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

$55,823

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Keith Mason	Executive Director	40	Officer	$55,823	$0	$55,823
Andy Ball	Board Chair	0.1	Director	$0	$0	$0
Dustin Ingalls	Board Member	0.1	Director	$0	$0	$0
Chaz Beasley	Board Member	0.1	Director	$0	$0	$0
Tammy Brunner	Board Member	0.1	Director	$0	$0	$0
Larry D Hall	Board Member	0.1	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	$3,070,030	$3,016,402	$88,567	$53,628
2021	$240,000	$239,797	$96,807	$203
2020	$1,594,824	$1,783,380	$96,604	$-188,556
2019	$329,860	$44,700	$285,160	$285,160

Fair Future NC