FUND ESTABLISHED BY WILL OF NANALINE H DUKE FOR DUKE UNIVERSITY (EIN 237270511) - 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

1973

Legal Domicile

Principal Officer

KAREN H ROGERS

Phone

7043760291

Tax Period

2023-01-01 to 2023-12-31

FUND ESTABLISHED BY WILL OF NANALINE H DUKE FOR DUKE UNIVERSITY, founded in 1973, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Net assets of $48.8M represent 325 months of operating reserves.

Mission

TO SUPPORT DUKE UNIVERSITY, AN INSTITUTION OF LEARNING IN DURHAM, N.C., TO BE USED BY IT FOR ITS HOSPITAL AND MEDICAL SCHOOL AND FOR FURTHERING AND PROMOTING MEDICAL RESEARCH AT SUCH HOSPITAL AND MEDICAL SCHOOL AND FOR THE GENERAL USE OF SAID DUKE UNIVERSITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,797,444

Other Revenue $0

TOTAL REVENUE $1,797,444

Expense Breakdown

Grants Paid $1,700,000

Salaries & Benefits $64,215

Fundraising Expenses $0

Program Expenses $1,700,000

Other Expenses $70,469

TOTAL EXPENSES $1,834,684

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,797,444	$1,890,020	0.0%
Expenses	$1,834,684	$1,814,191	+0.0%
Net Income	$-37,240	$75,829	-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

$2,982,115

Total Directors

$2,898,395

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES C LUCAS III	CHAIR	0.50	Officer Director	$4,281	$5,450	$193,226
JEAN G SPAULDING	VICE CHAIR	0.50	Officer Director	$4,281	$5,451	$193,227
DENNIS M CAMPBELL	VICE CHAIR	0.50	Officer Director	$4,281	$5,450	$193,226
WILLIAM BARNET III	TRUSTEE	0.50	Director	$4,281	$5,450	$193,226
JOHN FAV CECIL	TRUSTEE	0.50	Director	$4,281	$5,450	$193,226
RAVENEL B CURRY III	TRUSTEE	0.50	Director	$4,281	$5,450	$193,226
PAMELA L DAVIES	TRUSTEE	0.50	Director	$4,281	$5,450	$193,226
HARRIS E DELOACH JR	TRUSTEE	0.50	Director	$4,281	$5,450	$193,226
ALLYSON K DUNCAN	TRUSTEE	0.50	Director	$4,281	$5,450	$193,226
CONSTANCE F GRAY	TRUSTEE	0.50	Director	$4,281	$5,450	$193,226
J TRENT JONES	TRUSTEE	0.50	Director	$4,281	$5,450	$193,226
CLARENCE G NEWSOME	TRUSTEE	0.50	Director	$4,281	$5,451	$193,227
MINOR M SHAW	TRUSTEE	0.50	Director	$4,281	$5,451	$193,227
KENNETH D WEEKS JR	TRUSTEE	0.50	Director	$4,281	$5,451	$193,227
JUDY WOODRUFF	TRUSTEE	0.50	Director	$4,281	$5,451	$193,227
RHETT N MABRY	PRESIDENT	0.25	Officer	$0	$268,493	$975,325
KAREN H ROGERS	CFO, TREASURER & SECRETARY	0.25	Officer	$0	$89,935	$495,982
SUSAN L MCCONNELL	VP & DIR. OF HR & HIGHER ED	0.25	Officer	$0	$60,790	$465,292
WILLIAM F BACON	VP & DIRECTOR OF EVALUATION	0.25	Officer	$0	$88,379	$465,837
K TODD WALKER	DIRECTOR OF INVESTMENTS	0.50	Highest	$0	$81,585	$477,043
PHILLIP REDMOND JR	DIR OF CHILD & FAMILY WELL-BEING	0.25	Highest	$0	$57,631	$404,250
LINWOOD HOLLOWELL	DIRECTOR OF HEALTH CARE	0.50	Highest	$0	$71,856	$413,128
MEKA S SALES	DIRECTOR OF SI	0.25	Highest	$0	$75,134	$403,093
ROBERT WEBB	DIRECTOR OF RURAL CHURCH	0.25	Highest	$0	$57,905	$402,703

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	$1,797,444	$1,834,684	$48,818,898	$-37,240
2022	$1,890,020	$1,814,191	$50,643,596	$75,829
2021	$1,653,740	$1,813,347	$55,031,129	$-159,607
2020	$1,656,628	$1,759,904	$40,974,828	$-103,276
2019	$1,661,639	$1,396,445	$38,301,472	$265,194
2018	$1,541,774	$1,401,053	$35,626,261	$140,721

FUND ESTABLISHED BY WILL OF NANALINE H DUKE FOR DUKE UNIVERSITY