Team North Carolina

Team North Carolina faces inconsistent financial performance with recent deficits despite no officer compensation.

EIN: 10922275 · Sherrills Frd, NC · NTEE: N70 · Updated: 2026-03-28

$246KRevenue

$37KAssets

65/100Mission Score (Good)

N70

About Team North Carolina

Team North Carolina (EIN: 10922275) is a nonprofit organization based in Sherrills Frd, NC, classified under NTEE code N70. The organization reported total revenue of $246K and total assets of $37K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Team North Carolina's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Team North Carolina exhibits fluctuating financial health over the past decade, with recent years showing a concerning trend of expenses exceeding revenue. For instance, in 2023, the organization reported $21,595 in revenue against $40,708 in expenses, leading to a deficit. This pattern was also observed in 2019, 2018, 2016, and 2014. While there have been periods of surplus, such as in 2022 ($106,624 revenue vs. $97,061 expenses) and 2021 ($93,537 revenue vs. $89,120 expenses), the overall financial stability appears inconsistent. The organization's assets are relatively low compared to its revenue, with current assets at $36,717 against a latest revenue of $246,135, suggesting limited reserves.

The spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the consistent reporting of 0% officer compensation across all filings indicates a commitment to minimizing overhead in this area, which is a positive sign for donor confidence. The organization's liabilities have also remained relatively low, peaking at $4,293 in 2023, which suggests responsible debt management. 

In terms of transparency, the organization has a consistent filing history with 13 IRS 990 filings, demonstrating adherence to reporting requirements. The absence of officer compensation is a strong indicator of volunteer leadership, which can be viewed positively by donors. However, without more granular expense data, a complete picture of spending efficiency and program impact remains somewhat obscured.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Team North Carolina with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Team North Carolina allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is likely volunteer-based, which is commendable for an organization of its size with latest revenue of $246,135.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Team North Carolina's IRS 990 filings:

Frequent operating deficits (e.g., 2023, 2019, 2018, 2016, 2014 where expenses exceeded revenue).
Relatively low assets ($36,717) compared to latest revenue ($246,135), indicating limited financial reserves.

Strengths

The following positive indicators were identified for Team North Carolina:

Consistent 0% officer compensation, demonstrating a commitment to minimizing executive overhead.
Regular IRS 990 filing history (13 filings), indicating good compliance and transparency.
Low liabilities, with the highest reported at $4,293 in 2023, suggesting responsible debt management.

Frequently Asked Questions about Team North Carolina

Is Team North Carolina financially stable?

Team North Carolina's financial stability is inconsistent. While some years show surpluses (e.g., 2022, 2021), others show significant deficits (e.g., 2023 with $21,595 revenue vs. $40,708 expenses, and 2019 with $80,451 revenue vs. $105,779 expenses).

How does Team North Carolina manage its overhead?

The organization reports 0% officer compensation in all available filings, suggesting very low overhead related to executive salaries. However, a full assessment of administrative and fundraising overhead requires more detailed expense breakdowns.

What is the trend in Team North Carolina's assets?

Team North Carolina's assets have fluctuated, from a low of $4,960 in 2014 to a high of $35,196 in 2017, and currently stand at $36,717. This indicates some growth but also periods of decline, suggesting limited accumulation of reserves.

Filing History

IRS 990 filing history for Team North Carolina showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Team North Carolina's revenue has declined by 49.7%, moving from $43K to $22K. Total assets increased by 71.6% over the same period, from $7K to $11K. Total functional expenses rose by 0.6%, from $40K to $41K. In its most recent filing year (2023), Team North Carolina reported a deficit of $19K, with expenses exceeding revenue. The organization holds $4K in liabilities against $11K in assets (debt-to-asset ratio: 37.4%), resulting in net assets of $7K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$22K	$41K	$11K	$4K	—	—
2022	$107K	$97K	$29K	$3K	—	View 990
2021	$94K	$89K	$19K	$2K	—	View 990
2020	$30K	$25K	$15K	$2K	—	View 990
2019	$80K	$106K	$8K	$0	—	View 990
2018	$74K	$77K	$33K	$0	—	View 990
2017	$147K	$120K	$35K	$0	—	View 990
2016	$22K	$25K	$8K	$0	—	View 990
2015	$15K	$10K	$10K	$0	—	View 990
2014	$23K	$24K	$5K	$0	—	View 990
2013	$35K	$32K	$6K	$0	—	View 990
2012	$83K	$87K	$5K	$2K	—	View 990
2011	$43K	$40K	$7K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $22K, expenses of $41K, and assets of $11K (revenue -79.7% year-over-year).
2022: Revenue of $107K, expenses of $97K, and assets of $29K (revenue +14.0% year-over-year).
2021: Revenue of $94K, expenses of $89K, and assets of $19K (revenue +213.7% year-over-year).
2020: Revenue of $30K, expenses of $25K, and assets of $15K (revenue -62.9% year-over-year).
2019: Revenue of $80K, expenses of $106K, and assets of $8K (revenue +8.0% year-over-year).
2018: Revenue of $74K, expenses of $77K, and assets of $33K (revenue -49.3% year-over-year).
2017: Revenue of $147K, expenses of $120K, and assets of $35K (revenue +561.1% year-over-year).
2016: Revenue of $22K, expenses of $25K, and assets of $8K (revenue +50.1% year-over-year).
2015: Revenue of $15K, expenses of $10K, and assets of $10K (revenue -35.2% year-over-year).
2014: Revenue of $23K, expenses of $24K, and assets of $5K (revenue -34.7% year-over-year).
2013: Revenue of $35K, expenses of $32K, and assets of $6K (revenue -58.0% year-over-year).
2012: Revenue of $83K, expenses of $87K, and assets of $5K (revenue +94.3% year-over-year).
2011: Revenue of $43K, expenses of $40K, and assets of $7K.

Data Sources and Methodology

This transparency report for Team North Carolina 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.