NEW NORTH CAROLINA PROJECT ACTION FIRST INC

EIN: 862340959 Civil Rights & Advocacy

CONCORD, NC

Total Revenue
$46,364
Total Expenses
$121,927
Total Assets
$118,651
Net Assets
$104,338
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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
2021
Legal Domicile
NC
Principal Officer
AIMY STEELE
Phone
3366820171
Tax Period
2023-01-01 to 2023-12-31

NEW NORTH CAROLINA PROJECT ACTION FIRST INC, founded in 2021, is a micro nonprofit in the Civil Rights & Advocacy sector that reported $46K in total revenue in fiscal year 2023. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $122K exceeded revenue, resulting in a 163% operating deficit.

Mission

THE NEW NORTH CAROLINA PROJECT'S MISSION IS TO MAKE POLITICS REPRESENT THE NEEDS OF NORTH CAROLINIANS BY INVESTING IN COMMUNITIES OF COLOR, EXPANDING THE ENGAGED ELECTORATE AND CREATING #LIFELONGVOTERS.

Program Service Accomplishments

Program 1
Expenses: $45,804

THE NEW NORTH CAROLINA PROJECT'S MISSION IS TO MAKE POLITICS REPRESENT THE NEEDS OF NORTH CAROLINIANS BY INVESTING IN COMMUNITIES OF COLOR, EXPANDING THE ENGAGED ELECTORATE AND CREATING...

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THE NEW NORTH CAROLINA PROJECT'S MISSION IS TO MAKE POLITICS REPRESENT THE NEEDS OF NORTH CAROLINIANS BY INVESTING IN COMMUNITIES OF COLOR, EXPANDING THE ENGAGED ELECTORATE AND CREATING #LIFELONGVOTERS.

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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 $46,364
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $46,364

Expense Breakdown

Grants Paid $1,293
Salaries & Benefits $259,527
Fundraising Expenses $18,969
Program Expenses $45,804
Other Expenses $-140,893
TOTAL EXPENSES $121,927

Year-over-Year Comparison

2023 2022 Change
Revenue $46,364 $1,007,485 -1.0%
Expenses $121,927 $964,923 -0.9%
Net Income $-75,563 $42,562 -2.8%
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
8
Independent Members
7
Employees
23
Volunteers
3

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
$72,005
Total Directors
8
$37,647
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR KARTHIK BALASUBRAMANIAN CHAIR 0.50
Officer Director
$0 $0 $0
DR AIMY STEELE EXECUTIVE DIRECTOR 35.00
Officer Director
$34,205 $3,442 $37,647
KIMBERLY HARDY DIRECTOR 0.50
Director
$0 $0 $0
GERALD TAYLOR DIRECTOR 0.50
Director
$0 $0 $0
JAKE SUSSMAN TREASURY 0.50
Officer Director
$0 $0 $0
DEE DAWKINS-HAIGLER DIRECTOR 0.50
Director
$0 $0 $0
KAYLA SEIGLER STAFFORD DIRECTOR 0.50
Director
$0 $0 $0
SENAH ANDREWS DIRECTOR 0.50
Director
$0 $0 $0
BREE HENDRICK VP OF OPERATIONS AND HUMAN 35.00
Officer
$33,690 $668 $34,358
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 No data No data No data No data
2023 $46,364 $121,927 $118,651 $-75,563
2022 $1,007,485 $964,923 $239,751 $42,562
2021 $240,766 $116,970 $135,593 $123,796
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