FUTURE OF THE PIEDMONT FOUNDATION … - 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

1998

Legal Domicile

Principal Officer

JEFFREY V HALEY

Phone

4342037766

Tax Period

2024-07-01 to 2025-06-30

FUTURE OF THE PIEDMONT FOUNDATION C/O CAROLYN COMPTON, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $122K in total revenue in fiscal year 2024. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $273K exceeded revenue, resulting in a 124% operating deficit.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT IN THE CITY OF DANVILLE AND PITTSYLVANIA COUNTY AREAS FOR ALL CITIZENS LIVING IN THE PIEDMONT AREA.

Program Service Accomplishments

Program 1

Expenses: $241,277

ALL ACTIVITIES OF THE FOUNDATION ARE TO PROMOTE ECONOMIC DEVELOPMENT IN THE CITY OF DANVILLE & PITTSYLVANIA COUNTY AREAS FOR ALL CITIZENS LIVING IN THE PIEDMONT AREA.

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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 $78,900

Program Service Revenue $0

Investment Income $43,059

Other Revenue $0

TOTAL REVENUE $121,959

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $241,277

Other Expenses $273,131

TOTAL EXPENSES $273,131

Year-over-Year Comparison

	2024	2023	Change
Revenue	$121,959	$584,809	-0.8%
Expenses	$273,131	$86,377	+2.2%
Net Income	$-151,172	$498,432	-1.3%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
CHARLES MAJORS	VICE CHAIRMAN	3.00	Officer Director	$0	$0	$0
TIMOTHY CLARK	TREASURER	3.00	Officer Director	$0	$0	$0
JEFFREY HALEY	CHAIRMAN	3.00	Officer Director	$0	$0	$0
DAN PLEASANT	SECRETARY	3.00	Officer Director	$0	$0	$0
CLARK CASTEEL	DIRECTOR	2.00	Director	$0	$0	$0
RICK BARKER	DIRECTOR	2.00	Director	$0	$0	$0
BEN DAVENPORT	DIRECTOR	2.00	Director	$0	$0	$0
TELLY TUCKER	DIRECTOR	2.00	Director	$0	$0	$0
PAUL ERWIN	DIRECTOR	2.00	Director	$0	$0	$0
LINDA GREEN	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN GOULD	DIRECTOR	2.00	Director	$0	$0	$0
KENNETH LEWIS	DIRECTOR	2.00	Director	$0	$0	$0
DAVID BENNETT	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN BRADNER	DIRECTOR	2.00	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
2025	$121,959	$273,131	$1,501,047	$-151,172
2024	$584,809	$86,377	$1,652,219	$498,432
2023	$51,951	$64,782	$1,153,787	$-12,831
2022	$66,704	$72,777	$1,166,618	$-6,073
2021	$94,454	$378,679	$1,172,691	$-284,225
2020	$22,109	$35,192	$1,456,916	$-13,083
2019	$398,911	$88,043	$1,469,999	$310,868

FUTURE OF THE PIEDMONT FOUNDATION C/O CAROLYN COMPTON