NORTH CAROLINA SOCIETY

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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

2023

Legal Domicile

Principal Officer

BRAD EDWARDS

Phone

2027440834

Tax Period

2025-01-01 to 2025-12-31

NORTH CAROLINA SOCIETY, founded in 2023, is a small nonprofit that reported $493K in total revenue in fiscal year 2025. Revenue decreased 13% compared to the prior year. Expenses of $449K left a modest 9% surplus.

Mission

TO BRING TOGETHER INDIVIDUALS FROM THS STATE OF NORTH CAROLINA TO STIMULATE AND STRENGTHEN PATRIOTISM, PRIDE OF CITIZENSHIP AND LOYALTY TO THE NATION AND TO THE STATE OF NORTH CAROLINA, ITS TRADITIONS AND INSTITUTIONS, AND SOCIAL WELFARE.

Program Service Accomplishments

Program 1

Expenses: $420,363

CONDUCTED/SPONSORED EDUCATIONAL ACTIVITYES AND SOCIAL EVENTS AND STIMULATED DEBATE ON ISSUES OF PRESSING PUBLIC CONCERN.

Program 2

Expenses: $20,000

COLLEGE SCHOLARSHIP AWARDS

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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 $493,206

Program Service Revenue $0

Investment Income $28

Other Revenue $0

TOTAL REVENUE $493,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $440,363

Other Expenses $448,742

TOTAL EXPENSES $448,742

Year-over-Year Comparison

	2025	2024	Change
Revenue	$493,234	$566,852	-0.1%
Expenses	$448,742	$293,507	+0.5%
Net Income	$44,492	$273,345	-0.8%

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

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
GREG STEELE	PRESIDENT	1.00	Officer Director	$0	$0	$0
ELIZABETH ADKINS	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIN MCBRIDE	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRAD EDWARDS	TREASURER	1.00	Officer Director	$0	$0	$0
AVERY WEISEL	PAST PRESIDENT	1.00	Officer 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	$493,234	$448,742	$447,838	$44,492
2024	$566,852	$293,507	$403,345	$273,345
2023	$130,000	No data	$130,000	No data