NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC (EIN 237410301) - 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

1972

Legal Domicile

Principal Officer

FRANKIE PERRY

Phone

9195307639

Tax Period

2024-07-01 to 2025-06-30

NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC, founded in 1972, is a mid-sized nonprofit in the Education sector that reported $22.3M in total revenue in fiscal year 2024. The organization ran a surplus of $9.9M, a strong 44% operating margin.

Mission

TO FOSTER AND PROMOTE THE GROWTH OF HIGHER EDUCATION IN NORTH CAROLINA AT NCCU.

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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 $18,309,524

Program Service Revenue $0

Investment Income $2,691,380

Other Revenue $1,336,666

TOTAL REVENUE $22,337,570

Expense Breakdown

Grants Paid $10,689,450

Salaries & Benefits $929,413

Fundraising Expenses $0

Program Expenses $10,689,450

Other Expenses $841,735

TOTAL EXPENSES $12,460,598

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,337,570	$21,722,265	+0.0%
Expenses	$12,460,598	$18,037,819	-0.3%
Net Income	$9,876,972	$3,684,446	+1.7%

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

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

$408,736

Total Directors

$408,736

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULA HUBBARD	DIRECTOR	1.00	Director	$0	$0	$0
D CARR THOMPSON	DIRECTOR	2.00	Director	$0	$0	$0
OMAR BANKS	DIRECTOR FROM JUNE 2025	1.00	Director	$0	$0	$0
JAMES SPEED	DIRECTOR	4.00	Director	$0	$0	$0
GEOFFREY HUDSON	DIRECTOR	3.00	Director	$0	$0	$0
CHARLES TRAVIS III	DIRECTOR	1.00	Director	$0	$0	$0
HARRY STAFFORD	DIRECTOR	3.00	Director	$0	$0	$0
GARLAND R AVENT	DIRECTOR	4.00	Director	$0	$0	$0
KAMARIA BROWN	DIRECTOR	1.00	Director	$0	$0	$0
KARRIE G DIXON	EX OFFICIO	1.00	Director	$0	$0	$0
CHRISTOPHER BOOZER	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN HESTER INSTITUTIONAL ADVANCEM	EX-OFFICIO	2.00	Director	$0	$0	$0
FRANKIE J PERRY	PRESIDENT	11.00	Officer Director	$0	$0	$0
ERNEST JENKINS	VICE PRESIDENT/EXECUTIVE DIRECTOR	40.00	Officer Director	$393,705	$15,031	$408,736
JAMES D WILLIAMS	TREASURER	2.00	Officer Director	$0	$0	$0
ANTOINETTE DR BURWELL	DIRECTOR	1.00	Director	$0	$0	$0
CALVIN J CROSSLIN	DIRECTOR	1.00	Director	$0	$0	$0
HERBERT RIVERA-SANCHEZ	DIRECTOR	1.00	Director	$0	$0	$0
ANDRE VANN	EX-OFFICIO UNTIL JUNE 2025	1.00	Director	$0	$0	$0
CORNELL SLADE	EX OFFICIO	1.00	Director	$0	$0	$0
JASON SHERRILL	FINANCE DIRECTOR	40.00	Highest	$193,692	$13,616	$207,308

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	$22,337,570	$12,460,598	$63,729,778	$9,876,972
2024	No data	No data	No data	No data
2023	$20,090,272	$13,680,130	$49,204,677	$6,410,142
2022	$14,481,388	$5,949,139	$41,061,034	$8,532,249
2021	$16,189,044	$6,016,238	$38,094,635	$10,172,806
2020	$4,681,403	$3,798,726	$24,908,417	$882,677
2019	$8,144,128	$6,918,976	$24,336,665	$1,225,152
2018	$6,546,643	$3,013,277	$23,185,853	$3,533,366

NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC