W โ€” Public & Societal BenefitEIN: 561753874ยท Ruling Year: 1993

First Concord Corporation

Concord, North Carolina

DHealth Score
32D

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Poor

๐Ÿ’ฐ
$2.3M
Total Revenue
๐Ÿ“Š
$2.1M
Total Expenses
๐Ÿฆ
-$583K
Net Assets
๐Ÿ“‹
$19.2M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-2.1%
Year-over-year change (2023 โ†’ 2024)
Net Margin
+9.2%
Revenue minus expenses as % of revenue
Working Capital Ratio
-0.28
Net assets divided by total expenses
Liabilities-to-Assets
103.1%
Total liabilities as % of total assets

Filing History

14 filings on record
YearRevenueExpensesAssets
2024$2,302,031โ†“2%$2,091,231โ†‘4%$18,592,909โ†“4%
2023$2,350,625$2,012,262โ†“93%$19,400,017โ†“6%
2022$2,358,784โ†“31%$30,333,327โ†‘784%$20,714,821โ†“58%
2021$3,432,956โ†“11%$3,432,601โ†“9%$49,366,770โ†“6%
2020$3,860,898โ†“12%$3,773,939โ†“4%$52,670,328โ†“6%
2019$4,385,993โ†“2%$3,912,320โ†“2%$56,004,593โ†“5%
2018$4,461,775โ†“1%$4,005,213โ†“4%$58,921,903โ†“5%
2017$4,521,758โ†“14%$4,190,381โ†“17%$61,810,877โ†“5%
2016$5,230,284โ†“74%$5,058,189โ†“75%$64,807,446โ†“7%
2015$20,128,481โ†‘500%$20,007,066โ†‘496%$69,921,620โ†‘43%
2014$3,355,171โ†“2%$3,359,290โ†“8%$48,783,262โ†“3%
2013$3,414,406โ†“2%$3,660,400โ†‘2%$50,322,942โ†“6%
2012$3,478,257โ†“40%$3,605,358โ†“15%$53,463,321โ†“5%
2011$5,760,533$4,234,883$56,138,423

Frequently Asked Questions

What does First Concord Corporation do?โ–ผ

First Concord Corporation is a public & societal benefit nonprofit organization based in North Carolina. It is classified under NTEE code W200 and is registered as a 501(c) tax-exempt organization with the IRS.

Is First Concord Corporation financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, First Concord Corporation has a score of 32/100 (Grade: D). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does First Concord Corporation generate?โ–ผ

First Concord Corporation reports $3.8M in annual revenue and holds $29.4M in total assets, based on IRS filings.

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First Concord Corporation โ€” Concord, NC | GiveScope