Nc Assoc Of Comm College Trustees
EIN: 237431402 · Cary, NC
| Metric | Value |
|---|---|
| Total Revenue | $645K |
| Total Expenses | $611K |
| Net Assets | $388K |
Is Nc Assoc Of Comm College Trustees Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nc Assoc Of Comm College Trustees
Nc Assoc Of Comm College Trustees (EIN: 237431402) is a nonprofit organization based in Cary, NC. The organization reported total revenue of $645K and total assets of $624K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nc Assoc Of Comm College Trustees's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nc Assoc Of Comm College Trustees is a small nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $610K |
| Total Expenses | $611K |
| Surplus / Deficit | $-637 |
| Total Assets | $597K |
| Total Liabilities | $209K |
| Net Assets | $388K |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 35.1% |
| Months of Reserves | 11.7 months |
Financial Health Grade: B
In 2024, Nc Assoc Of Comm College Trustees reported a deficit of $637 with expenses exceeding revenue, holds 11.7 months of operating reserves (strong position), has a debt-to-asset ratio of 35.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2024), Nc Assoc Of Comm College Trustees's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +5.0% | +8.0% | -4.1% |
| 2023 | +40.8% | +72.8% | +10.8% |
| 2021 | +4.6% | -17.6% | +7.7% |
| 2020 | -18.1% | -12.7% | +6.8% |
| 2019 | +12.5% | +16.7% | +9.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nc Assoc Of Comm College Trustees has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Nc Assoc Of Comm College Trustees with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $637, with expenses exceeding revenue.
- Debt-to-asset ratio: 35.1%.
Frequently Asked Questions about Nc Assoc Of Comm College Trustees
Is Nc Assoc Of Comm College Trustees a legitimate charity?
Nc Assoc Of Comm College Trustees (EIN: 237431402) is a registered tax-exempt nonprofit based in North Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $645K. No red flags identified. Financial health grade: B.
How does Nc Assoc Of Comm College Trustees spend its money?
Nc Assoc Of Comm College Trustees reported $645K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Nc Assoc Of Comm College Trustees tax-deductible?
Nc Assoc Of Comm College Trustees is registered as a tax-exempt nonprofit (EIN: 237431402). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nc Assoc Of Comm College Trustees located?
Nc Assoc Of Comm College Trustees is headquartered in Cary, North Carolina and files with the IRS under EIN 237431402.
How many years of IRS 990 filings does Nc Assoc Of Comm College Trustees have?
Nc Assoc Of Comm College Trustees has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $645K in total revenue.
Filing History
IRS 990 filing history for Nc Assoc Of Comm College Trustees showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2024), Nc Assoc Of Comm College Trustees's revenue has grown by 48.1%, moving from $412K to $610K. Total assets increased by 8.5% over the same period, from $550K to $597K. Total functional expenses rose by 48.1%, from $412K to $611K. In its most recent filing year (2024), Nc Assoc Of Comm College Trustees reported a deficit of $637, with expenses exceeding revenue. The organization holds $209K in liabilities against $597K in assets (debt-to-asset ratio: 35.1%), resulting in net assets of $388K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $610K | $611K | $597K | $209K | — | — |
| 2023 | $581K | $566K | $623K | $234K | — | — |
| 2021 | $413K | $327K | $562K | $195K | — | View 990 |
| 2020 | $395K | $397K | $522K | $240K | — | — |
| 2019 | $483K | $455K | $488K | $204K | — | View 990 |
| 2018 | $429K | $390K | $445K | $189K | — | View 990 |
| 2017 | $556K | $563K | $544K | $327K | — | View 990 |
| 2016 | $483K | $450K | $515K | $290K | — | View 990 |
| 2015 | $447K | $514K | $523K | $331K | — | View 990 |
| 2014 | $445K | $501K | $549K | $291K | — | View 990 |
| 2013 | $394K | $410K | $574K | $260K | — | View 990 |
| 2012 | $469K | $470K | $603K | $274K | — | View 990 |
| 2011 | $412K | $412K | $550K | $220K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $610K, expenses of $611K, and assets of $597K (revenue +5.0% year-over-year).
- 2023: Revenue of $581K, expenses of $566K, and assets of $623K (revenue +40.8% year-over-year).
- 2021: Revenue of $413K, expenses of $327K, and assets of $562K (revenue +4.6% year-over-year).
- 2020: Revenue of $395K, expenses of $397K, and assets of $522K (revenue -18.1% year-over-year).
- 2019: Revenue of $483K, expenses of $455K, and assets of $488K (revenue +12.5% year-over-year).
- 2018: Revenue of $429K, expenses of $390K, and assets of $445K (revenue -22.8% year-over-year).
- 2017: Revenue of $556K, expenses of $563K, and assets of $544K (revenue +15.0% year-over-year).
- 2016: Revenue of $483K, expenses of $450K, and assets of $515K (revenue +8.0% year-over-year).
- 2015: Revenue of $447K, expenses of $514K, and assets of $523K (revenue +0.5% year-over-year).
- 2014: Revenue of $445K, expenses of $501K, and assets of $549K (revenue +12.9% year-over-year).
- 2013: Revenue of $394K, expenses of $410K, and assets of $574K (revenue -16.0% year-over-year).
- 2012: Revenue of $469K, expenses of $470K, and assets of $603K (revenue +13.8% year-over-year).
- 2011: Revenue of $412K, expenses of $412K, and assets of $550K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nc Assoc Of Comm College Trustees:
Data Sources and Methodology
This transparency report for Nc Assoc Of Comm College Trustees is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.