The University of Mount Olive Foundation

EIN: 200371529 501(c)(3) Education

MOUNT OLIVE, NC

Total Revenue
$948,904
Total Expenses
$895,216
Total Assets
$8,792,705
Net Assets
$-3,155,569
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NC
Principal Officer
KENNETH BUCHANAN
Phone
9196582502
Tax Period
2022-07-01 to 2023-06-30

The University of Mount Olive Foundation, founded in 2003, is a small nonprofit in the Education sector that reported $949K in total revenue in fiscal year 2022. Expenses of $895K left a modest 6% surplus.

Mission

THE PURPOSE OF THIS NONPROFIT FOUNDATION IS TO FULFILL THE OBLIGATIONS OF THE FOUNDATION, PRIMARILY DEBT SERVICE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $948,660
Investment Income $244
Other Revenue $0
TOTAL REVENUE $948,904

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $895,216
Other Expenses $895,216
TOTAL EXPENSES $895,216

Year-over-Year Comparison

2022 2021 Change
Revenue $948,904 $958,940 0.0%
Expenses $895,216 $908,843 0.0%
Net Income $53,688 $50,097 +0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
16
Independent Members
15
Employees
N/A
Volunteers
16

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
4
$197,377
Total Directors
16
$287,284
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
H EDWARD CROOM BOARD MEMBER 1.0
Director
$0 $33,134 $287,284
KENNETH BUCHANAN ASSISTANT TREASURER 1.0
Officer
$0 $38,166 $197,377
I RAY MCDONALD JR CHAIRPERSON 1.0
Officer Director
$0 $0 $0
WILLIAM H BRYAN TREASURER 1.0
Officer Director
$0 $0 $0
DEAN ROUSE VICE CHAIRPERSON 1.0
Officer Director
$0 $0 $0
DR J WILLIAM BYRD BOARD MEMBER 1.0
Director
$0 $0 $0
ED CROMARTIE BOARD MEMBER 1.0
Director
$0 $0 $0
WENDY CRUMPLER BOARD MEMBER 1.0
Director
$0 $0 $0
ROGER B DAVIS SR BOARD MEMBER 1.0
Director
$0 $0 $0
OLIVIA B HOLDING BOARD MEMBER 1.0
Director
$0 $0 $0
BILLY KORNEGAY BOARD MEMBER 1.0
Director
$0 $0 $0
STEPHANIE KORNEGAY BOARD MEMBER 1.0
Director
$0 $0 $0
GREY MORGAN BOARD MEMBER 1.0
Director
$0 $0 $0
TOWNSEND QUINN BOARD MEMBER 1.0
Director
$0 $0 $0
JAMES E WILLIAMS BOARD MEMBER 1.0
Director
$0 $0 $0
SCOTT WINSLOW BOARD MEMBER 1.0
Director
$0 $0 $0
EARL WORLEY JR BOARD MEMBER 1.0
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 No data No data No data No data
2024 No data No data No data No data
2023 $948,904 $895,216 $8,792,705 $53,688
2022 $958,940 $908,843 $9,147,004 $50,097
2021 $193 $923,960 $9,330,028 $-923,767
2020 $729,401 $939,098 $10,550,864 $-209,697
2019 $887,373 $967,630 $10,892,253 $-80,257
2018 $872,764 $998,988 $11,319,804 $-126,224
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare The University of Mount Olive Foundation with other nonprofits in North Carolina and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.