UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS HOUSING CORPORATION (EIN 311780339) - 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

2001

Legal Domicile

Principal Officer

WENDY EMERSON

Phone

3367703304

Tax Period

2023-07-01 to 2024-06-30

UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS HOUSING CORPORATION, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2023. The organization ran a surplus of $688K, a strong 47% operating margin.

Mission

TO PROVIDE PRIVATIZED HOUSING FOR COLLEGE STUDENT ADJACENT TO UNIVERSITY SETTING.

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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 $1,339,245

Investment Income $110,345

Other Revenue $14,343

TOTAL REVENUE $1,463,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $776,094

Other Expenses $776,094

TOTAL EXPENSES $776,094

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,463,933	$1,423,925	+0.0%
Expenses	$776,094	$766,350	+0.0%
Net Income	$687,839	$657,575	+0.0%

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

N/A

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

$918,539

Total Directors

$918,539

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELANIE NUCKOLS	TREASURER	1.00	Officer Director	$0	$14,797	$58,063
PATRICK SIMS	VICE PRESIDENT	1.00	Officer Director	$0	$63,408	$276,127
WENDY EMERSON	PRESIDENT	1.00	Officer Director	$0	$53,047	$234,672
DAVID HARRISON	SECRETARY	1.00	Officer Director	$0	$32,461	$206,036
LAUREL DONLEY	ASSISTANT SECRETARY/ASSISTANT TREASURER	1.00	Officer Director	$0	$27,958	$143,641

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	No data	No data	No data	No data
2024	$1,463,933	$776,094	$6,367,280	$687,839
2023	$1,423,925	$766,350	$5,838,669	$657,575
2022	$1,279,961	$1,111,523	$5,512,214	$168,438
2021	$1,189,591	$635,505	$5,695,834	$554,086
2020	$881,519	$616,789	$5,501,079	$264,730
2019	$1,109,424	$744,594	$5,588,142	$364,830

UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS HOUSING CORPORATION