NORTH CAROLINA SUBMARINE FOUNDATION (EIN 882622995) - 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

2022

Legal Domicile

Principal Officer

CHRISTOPHER R PERRIEN

Phone

9199491145

Tax Period

2025-01-01 to 2025-12-31

NORTH CAROLINA SUBMARINE FOUNDATION, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $237K in total revenue in fiscal year 2025. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $97K, a strong 41% operating margin.

Mission

DEVELOMENT OF NORTH CAROLINA SUBMARINE MUSEUM

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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 (2025)

Revenue Breakdown

Contributions & Grants $236,750

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $236,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $139,290

Other Expenses $139,290

TOTAL EXPENSES $139,290

Year-over-Year Comparison

	2025	2024	Change
Revenue	$236,750	$193,663	+0.2%
Expenses	$139,290	$166,993	-0.2%
Net Income	$97,460	$26,670	+2.7%

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

N/A

Independent Members

N/A

Employees

N/A

Volunteers

N/A

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
VICE ADMIRAL JOE LEIDIG	DIRECTOR	2.00	Director	$0	$0	$0
EMORY MILLER	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER R PERRIEN	PRESIDENT	15.00	Officer	$0	$0	$0
NOAH WHITE	VICE PRESIDENT	2.00	Officer	$0	$0	$0
G WHITFIELD MCDOWELL	TREASURER	2.00	Officer	$0	$0	$0
JAMES EASTHOM	SECRETARY	2.00	Officer	$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	$236,750	$139,290	$136,991	$97,460

NORTH CAROLINA SUBMARINE FOUNDATION