WESTERN PIEDMONT FOUNDATION INC

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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

1968

Legal Domicile

Principal Officer

MACKENZIE BOSTIAN ADAMS

Phone

8284486020

Tax Period

2024-07-01 to 2025-06-30

WESTERN PIEDMONT FOUNDATION INC, founded in 1968, is a small nonprofit in the Education sector that reported $950K in total revenue in fiscal year 2024. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $634K, a strong 67% operating margin.

Mission

WESTERN PIEDMONT FOUNDATION, INCORPORATED, A NON-PROFIT ORGANIZATION WAS FOUNDED TO ENCOURAGE AND DEVELOP PUBLIC AND PRIVATE SUPPORT FOR WESTERN PIEDMONT COMMUNITY COLLEGE BEYOND THAT PROVIDED BY COUNTY, STATE AND FEDERAL FUNDS.

Program Service Accomplishments

Program 1

Expenses: $281,263 Revenue: $54,184

SUPPORT TO WESTERN PIEDMONT COMMUNITY COLLEGE FOR SCHOLARSHIPS, DEVELOPMENT GRANTS, FIXED ASSET PURCHASING AND ENRICHMENT 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 $809,411

Program Service Revenue $0

Investment Income $140,857

Other Revenue $0

TOTAL REVENUE $950,268

Expense Breakdown

Grants Paid $237,080

Salaries & Benefits $0

Fundraising Expenses $2,718

Program Expenses $281,263

Other Expenses $78,783

TOTAL EXPENSES $315,863

Year-over-Year Comparison

	2024	2023	Change
Revenue	$950,268	$524,007	+0.8%
Expenses	$315,863	$196,938	+0.6%
Net Income	$634,405	$327,069	+0.9%

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	Role	Reportable Comp	Other Comp	Total
SCOTT BROOKS	BOARD MEMBER	Director	$0	$0	$0
BOBBIE MCCOMBS	PRESIDENT ELECT	Officer Director	$0	$0	$0
MALONE MCNEELY	BOARD MEMBER	Director	$0	$0	$0
DEBBIE SIGMON	PAST PRESIDENT	Officer Director	$0	$0	$0
MEG TAYLOR	BOARD MEMBER	Director	$0	$0	$0
AMANDA KRAUSE	BOARD MEMBER	Director	$0	$0	$0
J DALTON WALTERS	PRESIDENT	Officer Director	$0	$0	$0
REXANNA LOWMAN	BOARD MEMBER	Director	$0	$0	$0
JANE SOHOVICH	BOARD MEMBER	Director	$0	$0	$0
DR JOEL D WELCH	BOARD MEMBER	Director	$0	$0	$0
SHAUN CLINE	BOARD MEMBER	Director	$0	$0	$0
JESSICA EPLEY	BOARD MEMBER	Director	$0	$0	$0
JENNY MERRILL	BOARD MEMBER	Director	$0	$0	$0
JEAN PATTON	BOARD MEMBER	Director	$0	$0	$0
MIKE WATTS	BOARD MEMBER	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	$950,268	$315,863	$5,438,182	$634,405
2024	$524,007	$196,938	$4,419,877	$327,069
2023	$356,606	$313,438	$3,992,674	$43,168
2022	$289,406	$177,916	$3,708,333	$111,490
2021	$74,654	$178,808	$4,147,410	$-104,154
2020	$256,798	$177,275	$3,583,370	$79,523
2019	$251,218	$164,384	$3,597,751	$86,834