WILLIAM R KENAN JR ENDOWMENT FUND … - Form 990 Financial Data

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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

2009

Legal Domicile

Principal Officer

SUMNER FINCH

Phone

3368830922

Tax Period

2020-01-01 to 2020-12-31

WILLIAM R KENAN JR ENDOWMENT FUND FOR THE PIEDMONT SCHOOL, founded in 2009, is a micro nonprofit in the Education sector that reported $48K in total revenue in fiscal year 2020. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $65K exceeded revenue, resulting in a 36% operating deficit.

Mission

THIS ORGANIZATION WAS CREATED TO ESTABLISH AN ENDOWMENT FUND TO PROVIDE SCHOLARSHIP FUNDING AT THE PIEDMONT SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $65,428

THIS ORGANIZATION WAS CREATED TO ESTABLISH AN ENDOWMENT FUND TO PROVIDESCHOLARSHIP FUNDING AT THE PIEDMONT SCHOOL. THE PIEDMONT SCHOOL IS A SCHOOL WHICH PROVIDES A CURRICULUM, PRIMARILY FOR STUDENTS WITH LEARNING DIFFERENCES WHICH ARE UNRELATED TO VISUAL OR AUDITORY ACUITY, PHYSICAL HANDICAP OR BEHAVIORAL OR EMOTIONAL DISORDERS OR MENTAL RETARDATION. THE PIEDMONT SCHOOL IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THIS ORGANIZATION WILL ENGAGE IN FUND-RAISING ACTIVITIES AMONG A SELECTED GROUP OF INDIVIDUALS AND BUSINESSES.THIS ORGANIZATION ESTABLISHED AN ENDOWMENT FUND OF OVER ONE MILLION DOLLARS ($1,000,000) IN ORDER TO DISTRIBUTE THE INCOME FROM THE ENDOWMENT TO FUND SCHOLARSHIPS AT THE PIEDMONT SCHOOL.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $48,200

Other Revenue $0

TOTAL REVENUE $48,200

Expense Breakdown

Grants Paid $50,950

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $65,428

Other Expenses $14,478

TOTAL EXPENSES $65,428

Year-over-Year Comparison

	2020	2019	Change
Revenue	$48,200	$64,249	-0.2%
Expenses	$65,428	$64,277	+0.0%
Net Income	$-17,228	$-28	+614.3%

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

Total Directors

$128,573

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUISE L FOSTER	DIRECTOR	0.00	Director	$0	$0	$0
TIM MONTGOMERY	HEAD OF SCHOOL	1.00	Director	$0	$5,127	$128,573
SUMNER FINCH	SECRETARY-TREASURER	0.00	Officer	$0	$0	$0
PAGE KEEL	PRESIDENT	0.00	Officer	$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
2020	$48,200	$65,428	$1,514,468	$-17,228
2019	$64,249	$64,277	$1,395,865	$-28
2018	$58,176	$76,372	$1,191,975	$-18,196

WILLIAM R KENAN JR ENDOWMENT FUND FOR THE PIEDMONT SCHOOL