ATHLETIC FOUNDATION OF THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE (EIN 237050570) - Form 990 Financial Analysis & Trantor Score

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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

1969

Legal Domicile

Principal Officer

ALI R LACY SHERRILL

Phone

7046875432

Tax Period

2024-07-01 to 2025-06-30

ATHLETIC FOUNDATION OF THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE, founded in 1969, is a mid-sized nonprofit in the Education sector that reported $16.6M in total revenue in fiscal year 2024. Revenue surged 170% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.2M, a strong 19% operating margin.

Mission

THE MISSION IS TO ASSIST THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE IN ITS GENERAL ATHLETIC PROGRAMS BY PROVIDING FINANCIAL AID TO STUDENT ATHLETES AND TO PROVIDE OTHER SUCH AID TO IMPROVE ATHLETIC FACILITIES AND FURTHER ATHLETIC OPERATIONS AND PROGRAMS.

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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 $14,952,154

Program Service Revenue $0

Investment Income $1,192,055

Other Revenue $500,526

TOTAL REVENUE $16,644,735

Expense Breakdown

Grants Paid $7,833,309

Salaries & Benefits $0

Fundraising Expenses $325,186

Program Expenses $9,652,742

Other Expenses $5,604,808

TOTAL EXPENSES $13,438,117

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,644,735	$6,166,762	+1.7%
Expenses	$13,438,117	$7,030,176	+0.9%
Net Income	$3,206,618	$-863,414	-4.7%

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

$489,117

Total Directors

$893,568

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD AMON	TREASURER	1.00	Officer Director	$0	$60,251	$343,567
BETH CRIGLER	EX-OFFICIO	1.00	Director	$0	$87,091	$404,451
KELLY WEATHERMAN	SECRETARY	1.00	Officer Director	$0	$38,108	$145,550
ALI R LACY SHERRILL	PRESIDENT	1.00	Director	$0	$0	$0
SADLER BARNHARDT	EMERITUS	1.00	Director	$0	$0	$0
TOM PHILLIPS	EMERITUS	1.00	Director	$0	$0	$0
CHARLITA R JOSEPH	BOARD MEMBER, EX-OFFICIO	1.00	Director	$0	$0	$0
JODI KAPLAN	BOARD MEMBER, EX-OFFICIO	1.00	Director	$0	$0	$0
MIKE HILL	BOARD MEMBER, EX-OFFICIO	1.00	Director	$0	$0	$0
ALAN COCHRANE	CHAIRMAN	1.00	Director	$0	$0	$0
ANDREW BAKER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT B BOYD	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN BREWER	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
JERMAINE BURNS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOEY COHEN	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF CORLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
M HEATH GILBERT JR	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH HUNT	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTA LONG	BOARD MEMBER	1.00	Director	$0	$0	$0
JILL LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBBIE LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK MITCHELL	BOARD MEMBER	1.00	Director	$0	$0	$0
KRYSTION OBIE NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY OGUNJOBI	BOARD MEMBER	1.00	Director	$0	$0	$0
TIFE OLUSESI	BOARD MEMBER	1.00	Director	$0	$0	$0
PAT PALMQUIST	BOARD MEMBER	1.00	Director	$0	$0	$0
JACOB PHARES	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHNATHAN SHAW	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES SIMMS	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT R STORICK	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA SWAYNE	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES N TOUCHSTONE	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN VAN DYKE	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM WHITTAKER	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAQUELA WILLIAMS	BOARD MEMBER	1.00	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	$16,644,735	$13,438,117	$48,431,223	$3,206,618
2024	$6,166,762	$7,030,176	$42,310,833	$-863,414
2023	$6,549,104	$8,852,420	$41,104,148	$-2,303,316
2022	$8,166,896	$4,216,549	$42,983,767	$3,950,347
2021	$2,399,491	$3,039,977	$38,111,738	$-640,486
2020	$5,015,938	$3,919,963	$33,490,272	$1,095,975
2019	$4,000,200	$5,168,003	$32,264,796	$-1,167,803
2018	$2,506,966	$3,502,510	$32,652,762	$-995,544

ATHLETIC FOUNDATION OF THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE