NCHOF INC (EIN 921234582) - 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

KEVIN RICE

Phone

3154065882

Tax Period

2023-07-01 to 2024-06-30

NCHOF INC, founded in 2022, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $6.2M in total revenue in fiscal year 2023. Revenue surged 192% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 34% operating margin.

Mission

NCHOF, INC. WAS ESTABLISHED TO DEVELOP A SPORTS HALL OF FAME FOR THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL AND TO SUPPORT STUDENT ATHLETES OF THE PAST, PRESENT, AND FUTURE. OVER THE LAST YEAR, NCHOF EXPANDED ITS ASSET POOL THAT WILL BE AVAILABLE FOR USE IN THE HALL OF FAME, INCLUDING BOTH TANGIBLE (MEMORABILIA AND AUTOGRAPHS) AND INTANGIBLE (IP RIGHTS TO THE LIKENESSES OF CERTAIN ATHLETES) ASSETS. NCHOF GREATLY EXPANDED ITS BASE OF SUPPORTERS AND FUNDRAISING CAPABILITIES WHILE DILIGENTLY WORKING WITH UNIVERSITY OF NORTH CAROLINA AND THIRD PARTY CONSULTANTS TO DEVELOP PLANS FOR THE PHYSICAL HALL OF FAME.

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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 $6,189,872

Program Service Revenue $0

Investment Income $55,428

Other Revenue $0

TOTAL REVENUE $6,245,300

Expense Breakdown

Grants Paid $0

Salaries & Benefits $359,286

Fundraising Expenses $192,997

Program Expenses $3,735,670

Other Expenses $3,761,108

TOTAL EXPENSES $4,120,394

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,245,300	$2,136,306	+1.9%
Expenses	$4,120,394	$869,779	+3.7%
Net Income	$2,124,906	$1,266,527	+0.7%

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

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

$235,569

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES KOMAN	PRESIDENT, CFO, DIRECTOR	3.00	Officer Director	$0	$0	$0
DAVID LEAVITT	SECRETARY, DIRECTOR	3.00	Officer Director	$0	$0	$0
ROBERT RUSSELL	TREASURER, DIRECTOR	3.00	Officer Director	$0	$0	$0
KEVIN RICE	EXECUTIVE DIRECTOR	50.00	Officer	$230,769	$4,800	$235,569

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	$6,245,300	$4,120,394	$3,591,732	$2,124,906
2023	$2,136,306	$869,779	$1,268,464	$1,266,527

NCHOF INC