UNC MANAGEMENT COMPANY INC (EIN 364516257) - 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

Principal Officer

TIMOTHY BURCH

Phone

9194421599

Tax Period

2024-07-01 to 2025-06-30

UNC MANAGEMENT COMPANY INC, founded in 2002, is a mid-sized nonprofit that reported $29.5M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE INVESTMENT MANAGEMENT AND ADMINISTRATIVE SERVICES TO THE UNIVERSITY OF NORTH CAROLINA AND AFFILIATES.

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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 $0

Program Service Revenue $26,614,579

Investment Income $2,883,791

Other Revenue $0

TOTAL REVENUE $29,498,370

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,478,872

Fundraising Expenses $0

Program Expenses $25,135,800

Other Expenses $5,257,210

TOTAL EXPENSES $30,736,082

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,498,370	$25,001,125	+0.2%
Expenses	$30,736,082	$29,438,159	+0.0%
Net Income	$-1,237,712	$-4,437,034	-0.7%

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

$11,926,708

Total Directors

$6,539,798

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAX C CHAPMAN JR	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL D KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
JONATHON C KING	PRESIDENT	50.00	Officer Director	$5,126,631	$88,142	$5,214,773
NATHAN KNUFFMAN	DIRECTOR	1.00	Director	$0	$135,688	$568,710
LEE H ROBERTS	DIRECTOR	1.00	Director	$0	$102,695	$756,315
DAVID M CARROLL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN P PREYER	DIRECTOR	1.00	Director	$0	$0	$0
TIM BURCH	SENIOR VP & GENERAL COUNSEL	50.00	Officer	$758,749	$339,079	$1,097,828
EDWARD HETHERINGTON	SVP - PUBLIC INVESTMENTS	50.00	Officer	$1,638,591	$790,640	$2,429,231
JOSHUA SHAPIRO	VP - INV STRATEGY & RISK MANAGEMENT	50.00	Officer	$2,051,349	$101,734	$2,153,083
CHRIS MATTKE	VP - INV OPS & FINANCE	50.00	Officer	$710,499	$321,294	$1,031,793
CHRIS RUDOLPH	MANAGING DIRECTOR, INVESTMENTS	50.00	Highest	$1,124,903	$546,269	$1,671,172
ANGELA MOSS	MANAGING DIRECTOR, INVESTMENTS	50.00	Highest	$1,124,951	$539,328	$1,664,279
RODGERS HARSHBARGER	MANAGING DIRECTOR, INVESTMENTS	50.00	Highest	$1,130,363	$533,867	$1,664,230
CHRIS BARTHOLOMEW	MANAGING DIRECTOR, INVESTMENTS	50.00	Highest	$1,148,341	$559,264	$1,707,605
MATTHEW LESESKY	MANAGING DIRECTOR, INVESTMENTS	50.00	Highest	$1,132,466	$545,842	$1,678,308
KEVIN GUSKIEWICZ	FORMER DIRECTOR	1.00		$0	$33,132	$235,332

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	$29,498,370	$30,736,082	$61,734,820	$-1,237,712
2024	No data	No data	No data	No data
2023	$23,645,862	$23,496,289	$57,069,634	$149,573
2022	$30,528,524	$27,964,769	$53,097,067	$2,563,755
2021	$24,325,810	$25,164,734	$42,605,253	$-838,924
2020	$19,864,618	$17,999,982	$32,240,475	$1,864,636
2019	$18,972,555	$18,242,557	$29,077,674	$729,998
2018	$17,556,473	$15,177,555	$24,762,585	$2,378,918

UNC MANAGEMENT COMPANY INC