NC TechPaths Inc (EIN 872625452) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

Albert Lee Herring II

Tax Period

2024-07-01 to 2025-03-19

NC TechPaths Inc, founded in 2021, is a small nonprofit that reported $174K in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $516K exceeded revenue, resulting in a 196% operating deficit.

Mission

NC Tech Paths is a non-profit dedicated to helping our rural neighbors gain access to technology jobs and remain in their home region.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $55,455

Investment Income $104,597

Other Revenue $14,446

TOTAL REVENUE $174,498

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,660

Fundraising Expenses $0

Program Expenses $186,471

Other Expenses $460,171

TOTAL EXPENSES $515,831

Year-over-Year Comparison

	2024	2023	Change
Revenue	$174,498	$421,371	-0.6%
Expenses	$515,831	$732,441	-0.3%
Net Income	$-341,333	$-311,070	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
William C Warden Jr	Secretary/Treasurer	000.50	Officer Director	$0	$0	$0
Albert Lee Herring II	Chair	000.50	Officer Director	$0	$0	$0
Morgan Francis	Director	000.50	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
2025	$174,498	$515,831	No data	$-341,333
2024	$421,371	$732,441	$2,422,007	$-311,070
2023	$1,500,944	$1,342,499	$2,521,745	$158,445
2022	$805,350	$311,392	$1,499,852	$493,958

NC TechPaths Inc