Polk County Community Foundation Inc

EIN: 510168751 501(c)(3) Philanthropy & Grantmaking

Tryon, NC

Total Revenue
$4,359,340
Total Expenses
$3,647,577
Total Assets
$65,749,988
Net Assets
$61,486,461
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
NC
Phone
8288595314
Tax Period
2024-01-01 to 2024-12-31

Polk County Community Foundation Inc, founded in 1975, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.4M in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $712K, a strong 16% operating margin.

Mission

To administer funds entrusted to it to support charitable, cultural, educational and publicly beneficial charitable activities in the community centered in and around Polk County, N.C.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,573,292
Program Service Revenue $0
Investment Income $2,500,137
Other Revenue $285,911
TOTAL REVENUE $4,359,340

Expense Breakdown

Grants Paid $2,816,454
Salaries & Benefits $624,938
Fundraising Expenses $54,308
Program Expenses $3,312,990
Other Expenses $206,185
TOTAL EXPENSES $3,647,577

Year-over-Year Comparison

2024 2023 Change
Revenue $4,359,340 $2,549,691 +0.7%
Expenses $3,647,577 $3,091,951 +0.2%
Net Income $711,763 $-542,260 -2.3%
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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Governance

Voting Members
10
Independent Members
10
Employees
5
Volunteers
40

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
5
$241,500
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
A Thomas Jackson Treasurer 1.0
Officer Director
$0 $0 $0
Monica E Jones Secretary 1.0
Officer Director
$0 $0 $0
Peter R Franklin Vice Chair 1.0
Officer Director
$0 $0 $0
Sherry M Carter Chair 1.0
Officer Director
$0 $0 $0
Carolyn Gibson N/A 1.0
Director
$0 $0 $0
Dale L McEntire N/A 1.0
Director
$0 $0 $0
Frances H Parker N/A 1.0
Director
$0 $0 $0
Kevin D Burnett N/A 1.0
Director
$0 $0 $0
Norma W Batchelder N/A 1.0
Director
$0 $0 $0
Susan S McHugh N/A 1.0
Director
$0 $0 $0
Sara Barron Bell President & CEO 40.0
Officer
$201,250 $40,250 $241,500
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 $4,359,340 $3,647,577 $65,749,988 $711,763
2023 No data No data No data No data
2022 $3,247,757 $2,512,033 $56,500,870 $735,724
2021 $2,369,323 $2,308,096 $66,618,195 $61,227
2020 $3,595,104 $3,041,183 $61,835,986 $553,921
2019 $2,374,913 $2,231,036 $55,699,137 $143,877
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