NORTH CAROLINA VOTER PROJECT (EIN 870854507) - 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

LEONARD JERNIGAN

Phone

9193518800

Tax Period

2024-01-01 to 2024-12-31

NORTH CAROLINA VOTER PROJECT, founded in 2021, is a small nonprofit in the Civil Rights & Advocacy sector that reported $243K in total revenue in fiscal year 2024. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $864K exceeded revenue, resulting in a 256% operating deficit.

Mission

AMPLIFY UNREPRESENTED VOICES IN NORTH CAROLINA ELECTIONS THROUGH VOTER EDUCATION AND REGISTRATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $214,545

Program Service Revenue $0

Investment Income $34,071

Other Revenue $-6,089

TOTAL REVENUE $242,527

Expense Breakdown

Grants Paid $0

Salaries & Benefits $393,396

Fundraising Expenses $108,820

Program Expenses $456,250

Other Expenses $411,367

TOTAL EXPENSES $864,177

Year-over-Year Comparison

	2024	2023	Change
Revenue	$242,527	$3,157,830	-0.9%
Expenses	$864,177	$276,273	+2.1%
Net Income	$-621,650	$2,881,557	-1.2%

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

285

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
LEONARD JERNIGAN	PRESIDENT	20.00	Officer Director	$0	$0	$0
HENRY LANCASTER	SECRETARY	1.00	Officer Director	$0	$0	$0
BETSY BURKE	TREASURER	6.00	Officer Director	$0	$0	$0
MICHAEL CUNNINGHAM	EXECUTIVE BOARD MEMBER	10.00	Director	$0	$0	$0
FRANK BRICIO	BOARD MEMBER	0.50	Director	$0	$0	$0
WANDA BRYANT	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNDON HELTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ANN ROBERTSON	BOARD MEMBER	3.00	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	$242,527	$864,177	$2,331,019	$-621,650
2023	$3,157,830	$276,273	$2,920,917	$2,881,557
2022	$240,064	$177,935	$38,361	$62,129

NORTH CAROLINA VOTER PROJECT