THE COMMUNITY FOUNDATION INC (EIN 237009135) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1968

Legal Domicile

Principal Officer

SHERRIE ARMSTRONG

Phone

8043307400

Tax Period

2023-01-01 to 2023-12-31

THE COMMUNITY FOUNDATION INC, founded in 1968, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $61.9M in total revenue in fiscal year 2018. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $19.8M, a strong 32% operating margin.

Mission

WE BRING PEOPLE TOGETHER TO TRANSFORM OUR COMMUNITY THROUGH INFORMED AND INSPIRED PHILANTHROPY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $68,468,152

Program Service Revenue $744,423

Investment Income $49,979,501

Other Revenue $139,118

TOTAL REVENUE $119,331,194

Expense Breakdown

Grants Paid $62,365,520

Salaries & Benefits $6,950,203

Fundraising Expenses $1,813,744

Program Expenses $73,682,852

Other Expenses $15,094,291

TOTAL EXPENSES $84,410,014

Year-over-Year Comparison

	2023	2022	Change
Revenue	$119,331,194	$73,819,755	+0.6%
Expenses	$84,410,014	$72,125,488	+0.2%
Net Income	$34,921,180	$1,694,267	+19.6%

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

Volunteers

13464

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

$807,864

Total Directors

Key Employees

$712,843

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER HUNTER	CHAIR	1.00	Officer Director	$0	$0	$0
VICTOR K BRANCH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN E KEMPER	TREASURER	1.00	Officer Director	$0	$0	$0
CARTER M REID	SECRETARY	1.00	Officer Director	$0	$0	$0
AUSTIN BROCKENBROUGH IV	IMM. PAST CHAIR THROUGH 12/31/2023	1.00	Officer Director	$0	$0	$0
CHARLES E AGEE III	BOARD MEMBER	1.00	Director	$0	$0	$0
NEIL AMIN	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS I BARKIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MANJU S GANERIWALA	BOARD MEMBER	1.00	Director	$0	$0	$0
J CONRAD GARCIA	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERYL L GARLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISSY M GATHRIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILIP H GOODPASTURE	BOARD MEMBER THROUGH 12/31/2023	1.00	Director	$0	$0	$0
KRISTEN FRANCES HAGER	BOARD MEMBER	1.00	Director	$0	$0	$0
TRICIA L HARPER	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRELL L HARRIGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK J HOURIGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA MERRILL	BOARD MEMBER	1.00	Director	$0	$0	$0
KEITH MIDDLETON	BOARD MEMBER	1.00	Director	$0	$0	$0
PAULA P PANDO EDD	BOARD MEMBER	1.00	Director	$0	$0	$0
JAYME SWAIN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRIE ARMSTRONG	PRESIDENT & CEO	40.00	Officer	$484,280	$64,424	$548,704
MICHELLE A NELSON	CHIEF FINANCIAL OFFICER	40.00	Officer	$231,823	$27,337	$259,160
EMMETT S BLACKWELL	CHIEF COMMUNITY IMPACT OFFICER	40.00	Key Emp	$262,472	$19,869	$282,341
CASSANDRA EMERY	CHIEF OPERATING OFFICER	40.00	Key Emp	$219,924	$10,828	$230,752
MAURA D BITTNER	CHIEF PHILANTHROPY OFFICER	40.00	Key Emp	$184,509	$15,241	$199,750
KATHERINE BUSSER	VP, INFORMATION SYSTEMS	40.00	Highest	$172,014	$13,658	$185,672
KIMBERLY RUSSELL	SENIOR VP, MARKETING	40.00	Highest	$156,292	$15,413	$171,705
VANESSA DIAMOND	SENIOR VP, CIVIC ENGAGEMENT	40.00	Highest	$160,806	$8,040	$168,846
AUDREY TRUSSELL	VP, COMMUNITY IMPACT	40.00	Highest	$132,067	$13,119	$145,186
ANN PAYES	CEO, THRIVE BIRTH TO FIVE	40.00	Highest	$136,358	$23,453	$159,811

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
2024	No data	No data	No data	No data
2023	$119,331,194	$84,410,014	$800,875,567	$34,921,180
2022	$73,819,755	$72,125,488	$758,876,612	$1,694,267
2021	$152,790,051	$60,505,950	$859,349,771	$92,284,101
2020	$105,713,468	$62,681,275	$688,434,234	$43,032,193
2019	$65,892,800	$52,904,523	$594,098,436	$12,988,277
2018	$61,869,688	$42,046,875	$529,939,097	$19,822,813

THE COMMUNITY FOUNDATION INC