North Carolina First

EIN: 843077296

Austin, TX

Total Revenue
$1,096,000
Total Expenses
$1,272,951
Total Assets
$39,091
Net Assets
$39,091
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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
TX
Principal Officer
CHRIS YOUNG
Phone
5128147324
Tax Period
2020-01-01 to 2020-12-31

North Carolina First, founded in 2019, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2020. Revenue surged 237% from the prior year, signaling strong growth momentum. Expenses of $1.3M exceeded revenue, resulting in a 16% operating deficit.

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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 (2020)

Revenue Breakdown

Contributions & Grants $1,096,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,096,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $561,004
Fundraising Expenses $0
Program Expenses $907,719
Other Expenses $711,947
TOTAL EXPENSES $1,272,951

Year-over-Year Comparison

2020 2019 Change
Revenue $1,096,000 $325,000 +2.4%
Expenses $1,272,951 $108,958 +10.7%
Net Income $-176,951 $216,042 -1.8%
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
3
Independent Members
3
Employees
166
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN WALSH Director 1.000
Director
$0 $0 $0
CHRIS YOUNG Director 0.500
Director
$0 $0 $0
SHANNON O'LEARY Director 0.500
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
2020 $1,096,000 $1,272,951 $39,091 $-176,951
2019 $325,000 $108,958 $216,042 $216,042
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