The University of North Carolina at Asheville Foundation Inc (EIN 237073829) - 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

1965

Legal Domicile

Principal Officer

Mary Hall

Phone

8282516716

Tax Period

2024-07-01 to 2025-06-30

The University of North Carolina at Asheville Foundation Inc, founded in 1965, is a community nonprofit in the Education sector that reported $9.4M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 22% operating margin.

Mission

To secure, manage and distribute private support to enhance the growth and development of the University of North Carolina at Asheville.

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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 $7,310,868

Program Service Revenue $0

Investment Income $1,365,641

Other Revenue $758,201

TOTAL REVENUE $9,434,710

Expense Breakdown

Grants Paid $4,615,278

Salaries & Benefits $0

Fundraising Expenses $465,544

Program Expenses $6,640,555

Other Expenses $2,771,243

TOTAL EXPENSES $7,386,521

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,434,710	$7,317,286	+0.3%
Expenses	$7,386,521	$11,404,377	-0.4%
Net Income	$2,048,189	$-4,087,091	-1.5%

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

N/A

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
Keith Black	Director	1.00	Director	$0	$0	$0
Kenya Edwards	Director	1.00	Director	$0	$0	$0
Cynthia Eller	Director	1.00	Director	$0	$0	$0
Maryann Jones	Director	1.00	Director	$0	$0	$0
Frank Moretz	Director	1.00	Director	$0	$0	$0
Anthony Thomas	Director	1.00	Director	$0	$0	$0
Al Davis	Director	1.00	Director	$0	$0	$0
Ellen Carr	Director	1.00	Director	$0	$0	$0
Mike Tracy	Director	1.00	Director	$0	$0	$0
Tom Steele	Director	1.00	Director	$0	$0	$0
Greg Burnette	Vice Chair	1.00	Officer Director	$0	$0	$0
Darlene Davis	Board Chair	1.00	Officer Director	$0	$0	$0
Patrick Blalock	Director	1.00	Director	$0	$0	$0
Patrick Foo	Director	1.00	Director	$0	$0	$0
Michael Raymond	Director	1.00	Director	$0	$0	$0
Becky Sanft	Director	1.00	Director	$0	$0	$0
Carter Webb	Director	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	$9,434,710	$7,386,521	$67,155,424	$2,048,189
2024	No data	No data	No data	No data
2023	$9,511,257	$7,198,608	$62,884,016	$2,312,649
2022	$7,423,002	$8,362,516	$61,754,429	$-939,514
2022	$7,423,002	$8,547,687	$61,754,429	$-1,124,685
2021	$7,656,005	$5,530,168	$61,388,528	$2,125,837
2020	$7,984,348	$5,457,417	$46,518,233	$2,526,931

The University of North Carolina at Asheville Foundation Inc