UNIVERSITY OF NORTH CAROLINA AT CH… - 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

2004

Legal Domicile

Principal Officer

MARY ANN ROUSE

Phone

7046875806

Tax Period

2020-07-01 to 2021-06-30

UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE FACILITIES DEVELOPMENT CORP, founded in 2004, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2020. The organization ran a surplus of $370K, a strong 37% operating margin.

Mission

THE PURPOSE FOR WHICH THIS CORPORATION IS FORMED SHALL BE TO ENHANCE THE EDUCATIONAL MISSION OF THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE (UNCC) INCLUDING, WITHOUT LIMITATION ASSISTING WITH THE ACQUISITION AND FINANCING OF CAPITAL ASSETS FOR UNCC.

Program Service Accomplishments

Program 1

Expenses: $575,538 Revenue: $1,006,600

UNC CHARLOTTE FACILITIES DEVELOPMENT CORPORATION WAS FORMED TO FINANCE AND CONSTRUCT STUDENT HOUSING PROJECTS ON THE UNC CHARLOTTE CAMPUS. CURRENT EXPENSES REFLECT DEPRECIATION, INTEREST ON DEBT...

UNC CHARLOTTE FACILITIES DEVELOPMENT CORPORATION WAS FORMED TO FINANCE AND CONSTRUCT STUDENT HOUSING PROJECTS ON THE UNC CHARLOTTE CAMPUS. CURRENT EXPENSES REFLECT DEPRECIATION, INTEREST ON DEBT, OTHER OPERATING, AMORTIZED BOND INSURANCE COSTS, AND PROPERTY INSURANCE.

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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 $1,006,600

Investment Income $1,082

Other Revenue $0

TOTAL REVENUE $1,007,682

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $575,538

Other Expenses $637,646

TOTAL EXPENSES $637,646

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1,007,682	$1,011,116	0.0%
Expenses	$637,646	$801,650	-0.2%
Net Income	$370,036	$209,466	+0.8%

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

$488,467

Total Directors

$753,204

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY ANN ROUSE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFFREY JENSEN	SECRETARY	1.00	Officer Director	$0	$31,308	$140,818
ELIZABETH A HARDIN	TREASURER	1.00	Officer Director	$0	$70,968	$347,649
HENRY ATKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN BAILEY	BOARD MEMBER	1.00	Director	$0	$43,309	$264,737
ROBERT F HULL	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES LYNCH	BOARD MEMBER	1.00	Director	$0	$0	$0
HARRY J STATHOPOULOS	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN ALEXANDER	BOARD MEMBER	1.00	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
2021	$1,007,682	$637,646	$40,457	$370,036
2020	$1,011,116	$801,650	$15,377,019	$209,466
2019	$1,017,308	$811,702	$15,723,743	$205,606
2018	$1,021,893	$817,202	$16,064,117	$204,691

UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE FACILITIES DEVELOPMENT CORP