NEW NORTH CAROLINA PROJECT (EIN 863224686) - 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

3366280171

Tax Period

2023-01-01 to 2023-12-31

NEW NORTH CAROLINA PROJECT, founded in 2021, is a small nonprofit in the Education sector that reported $596K in total revenue in fiscal year 2023. The organization ran a surplus of $305K, a strong 51% operating margin.

Mission

NNCP EXISTS TO LIFT BLACK AND BROWN PEOPLE. WE WORK TO HELP COMMUNITIES OF COLOR CLAIM THEIR POWER THROUGH ECONOMIC MOBILITY, HOUSING SECURITY, PUBLIC SAFETY AND CIVIC ENGAGEMENT. WE SPEAK FOR THE #TRUEMAJORITY.

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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 $593,750

Program Service Revenue $0

Investment Income $0

Other Revenue $2,000

TOTAL REVENUE $595,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $47,820

Program Expenses $159,657

Other Expenses $276,955

TOTAL EXPENSES $291,205

Year-over-Year Comparison

	2023	2022	Change
Revenue	$595,750	$624,116	0.0%
Expenses	$291,205	$958,070	-0.7%
Net Income	$304,545	$-333,954	-1.9%

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

103

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
DANIEL VALDEZ	CHAIR	0.50	Officer Director	$0	$0	$0
DR AIMY STEELE	CEO	0.50	Officer Director	$0	$0	$0
ANN SZALKOWSKI	DIRECTOR	0.50	Director	$0	$0	$0
SENAH ANDREWS	DIRECTOR	0.50	Director	$0	$0	$0
SABRINA KEMO	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTIAN RHODES	DIRECTOR	0.50	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	No data	No data	No data	No data
2023	$595,750	$291,205	$632,118	$304,545
2022	$624,116	$958,070	$305,229	$-333,954
2021	$715,700	$237,525	$624,308	$478,175

NEW NORTH CAROLINA PROJECT