NEW NORTH CAROLINA PROJECT ACTION FIRST INC (EIN 862340959) - 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

2021

Legal Domicile

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.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$72,005

Total Directors

$37,647

Key Employees

Highest Compensated

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

NEW NORTH CAROLINA PROJECT ACTION FIRST INC