North Carolina Economic Development Association Foundation (EIN 854233724) - 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

2020

Legal Domicile

Principal Officer

DR PATRICIA MITCHELL

Phone

8882462332

Tax Period

2023-07-01 to 2024-06-30

North Carolina Economic Development Association Foundation, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $213K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $124K, a strong 58% operating margin.

Mission

To advance the economic development profession enhance the knowledge and skills of economic developers in North Carolina

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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 $206,370

Program Service Revenue $2,600

Investment Income $4,365

Other Revenue $0

TOTAL REVENUE $213,335

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $74,816

Other Expenses $89,364

TOTAL EXPENSES $89,364

Year-over-Year Comparison

	2023	2022	Change
Revenue	$213,335	$191,131	+0.1%
Expenses	$89,364	$113,059	-0.2%
Net Income	$123,971	$78,072	+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

N/A

Volunteers

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
DR PATRICIA MITCHELL	Chair	N/A	Officer	$0	$0	$0
RANDALL JOHNSON	Vice Chair	N/A	Officer	$0	$0	$0
ELIZABETH DOBBINS-SMITH	SecretaryTreasurer	N/A	Officer	$0	$0	$0
JOANNA HELMS	Director	N/A	Director	$0	$0	$0
DR GARY LANIER	Director	N/A	Director	$0	$0	$0
ANDRE LENNON	Director	N/A	Director	$0	$0	$0
RAUL PERALTA	Director	N/A	Director	$0	$0	$0
CRYSTAL MORPHIS	Director	N/A	Director	$0	$0	$0
CHRIS PLATE	Director	N/A	Director	$0	$0	$0
RYAN NANCE	Director	N/A	Director	$0	$0	$0
STEVE YOST	Director	N/A	Director	$0	$0	$0
ERNIE PEARSON	General Counsel	N/A	Director	$0	$0	$0
YOLANDA BRISCO	General Counsel	N/A	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	$213,335	$89,364	$402,879	$123,971
2023	$191,131	$113,059	$278,909	$78,072
2022	$248,140	$76,879	$200,836	$171,261

North Carolina Economic Development Association Foundation