The Millennium Fund CO Winston-Salem Foundation (EIN 300148699) - 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

2002

Legal Domicile

Phone

3367252382

Tax Period

2024-01-01 to 2024-12-31

The Millennium Fund CO Winston-Salem Foundation, founded in 2002, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $227K in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 522% operating deficit.

Mission

Help in the development of downtown Winston-Salem, NC via projects, infrastructure, business recruitment, and site selection.

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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 $200,000

Program Service Revenue $0

Investment Income $26,743

Other Revenue $0

TOTAL REVENUE $226,743

Expense Breakdown

Grants Paid $1,385,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,395,000

Other Expenses $26,350

TOTAL EXPENSES $1,411,350

Year-over-Year Comparison

	2024	2023	Change
Revenue	$226,743	$434,594	-0.5%
Expenses	$1,411,350	$1,460,500	0.0%
Net Income	$-1,184,607	$-1,025,906	+0.2%

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
Allen Joines	President	4.0	Officer Director	$0	$0	$0
Ralph Womble	Chairman	2.0	Officer Director	$0	$0	$0
David Neill	Director	1.0	Director	$0	$0	$0
Don Flow	Director	1.0	Director	$0	$0	$0
Elwood Robinson	Director	1.0	Director	$0	$0	$0
F Borden Hanes	Director	1.0	Director	$0	$0	$0
Jeff Smith	Director	1.0	Director	$0	$0	$0
Latida Smith	Director, Ex Officio	1.0	Director	$0	$0	$0
Mark Preston	Director	1.0	Director	$0	$0	$0
Redge Hanes	Director	1.0	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
2024	$226,743	$1,411,350	$1,482,333	$-1,184,607
2023	$434,594	$1,460,500	$2,626,394	$-1,025,906
2022	$518,410	$1,604,529	$3,613,500	$-1,086,119
2021	$1,387,049	$939,639	$4,662,490	$447,410
2020	$392,845	$661,990	$4,179,550	$-269,145
2019	$835,900	$158,400	$4,414,695	$677,500
2018	$281,904	$117,800	$3,718,898	$164,104

The Millennium Fund CO Winston-Salem Foundation