CAROLINA HURRICANES FOUNDATION

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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

1986

Legal Domicile

Phone

9198617154

Tax Period

2024-08-01 to 2025-07-31

CAROLINA HURRICANES FOUNDATION, founded in 1986, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 99% from the prior year, signaling strong growth momentum. The organization ran a surplus of $419K, a strong 18% operating margin.

Mission

THE FOUNDATION RAISES AND DONATES MONEY TO VARIOUS ORGANIZATIONS IN ORDER TO SUPPORT THE LOCAL COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,712,286 Revenue: $0

THE FOUNDATION MAKES CONTRIBUTIONS TO VARIOUS ORGANIZATIONS, PRIMARILY CHARITABLE IN NATURE, IN ORDER TO SUPPORT LOCAL CAUSES AND GENERATE GOODWILL IN THE COMMUNITY IN WHICH THE CAROLINA HURRICANES...

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,933,240

Program Service Revenue $0

Investment Income $43,738

Other Revenue $380,271

TOTAL REVENUE $2,357,249

Expense Breakdown

Grants Paid $1,712,286

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,712,286

Other Expenses $226,403

TOTAL EXPENSES $1,938,689

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,357,249	$1,182,790	+1.0%
Expenses	$1,938,689	$838,090	+1.3%
Net Income	$418,560	$344,700	+0.2%

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

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
BRIAN FORK	VICE CHAIR	1.0	Officer Director	$0	$0	$0
DOUG WARF	CHAIR	1.0	Officer Director	$0	$0	$0
NIGEL WHEELER	SECRETARY	1.0	Officer Director	$0	$0	$0
SHAUN NICHOLSON	TREASURER	1.0	Officer Director	$0	$0	$0
COURTNEY KAMLET	BOARD MEMBER	1.0	Director	$0	$0	$0
GREG DOBBYN	BOARD MEMBER	1.0	Director	$0	$0	$0
HARVEY SCHMITT	BOARD MEMBER	1.0	Director	$0	$0	$0
LISA SCHILLER	BOARD MEMBER	1.0	Director	$0	$0	$0
MICHAEL MCMYNE	BOARD MEMBER	1.0	Director	$0	$0	$0
REBECCA QUINN-WOLF	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	$2,357,249	$1,938,689	$2,396,347	$418,560
2024	$1,182,790	$838,090	$1,883,895	$344,700
2023	$1,004,092	$611,568	$1,083,414	$392,524
2022	$743,119	$381,362	$900,723	$361,757
2021	$244,866	$173,433	$594,153	$71,433
2020	$813,618	$793,800	$496,593	$19,818
2019	$920,686	$815,097	$301,030	$105,589
2018	$603,591	$600,083	$180,018	$3,508