KERNERSVILLE FOUNDATION INC

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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

1999

Legal Domicile

Principal Officer

DONA NEAL

Phone

3369085464

Tax Period

2023-01-01 to 2023-12-31

KERNERSVILLE FOUNDATION INC, founded in 1999, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $68K in total revenue in fiscal year 2023. Expenses of $474K exceeded revenue, resulting in a 597% operating deficit.

Mission

TO MAKE CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS, COMUNITY PROJECTS, AND ACTIVITIES IN THE KERNERSVILLE AREA.

Program Service Accomplishments

Program 1

Expenses: $442,274 Revenue: $0

GRANTS AND SUPPORT FOR LOCAL COMMUNITY PROJECTS OF LOCAL COMMUNITY GROUPS, LOCAL RELIGOUS GROUPS AND MINISTRIES, AND LOCAL HISTORIC GROUPS.

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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 $136,932

Program Service Revenue $0

Investment Income $-69,038

Other Revenue $0

TOTAL REVENUE $67,894

Expense Breakdown

Grants Paid $442,274

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $442,274

Other Expenses $31,245

TOTAL EXPENSES $473,519

Year-over-Year Comparison

	2023	2022	Change
Revenue	$67,894	$-77,821	-1.9%
Expenses	$473,519	$222,675	+1.1%
Net Income	$-405,625	$-300,496	+0.3%

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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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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Reportable Comp	Other Comp	Total
JEFF TAYLOR	PRESIDENT	N/A	$0	$0	$0
JAMES BLAND	VICE-PRESIDENT	N/A	$0	$0	$0
DONA NEAL	TREASURER	N/A	$0	$0	$0
JASON GRUBS	SECRETARY	N/A	$0	$0	$0
OVERTON HARPER	DIRECTOR	N/A	$0	$0	$0
RON GREENE	DIRECTOR	N/A	$0	$0	$0
CHARLES BUG	DIRECTOR	N/A	$0	$0	$0
CHRIS OAKMAN	DIRECTOR	N/A	$0	$0	$0
DARRELL WALKER	DIRECTOR	N/A	$0	$0	$0
ROY COLLETTE	DIRECTOR	N/A	$0	$0	$0
DUANE LONG	DIRECTOR	N/A	$0	$0	$0
PAM RAY	DIRECTOR	N/A	$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	No data	No data	No data	No data
2023	$67,894	$473,519	$3,224,651	$-405,625
2022	$-77,821	$222,675	$3,240,112	$-300,496
2021	$967,105	$293,476	$3,930,974	$673,629
2020	$529,932	$321,113	$3,109,919	$208,819
2019	$654,406	$340,100	$2,901,100	$314,306
2018	$1,400,574	$828,361	$2,586,794	$572,213