CONCORD UNIVERSITY 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

JENNIFER WARE

Phone

3043846266

Tax Period

2024-07-01 to 2025-06-30

CONCORD UNIVERSITY FOUNDATION INC, founded in 1999, is a community nonprofit in the Education sector that reported $9.3M in total revenue in fiscal year 2024. Revenue surged 171% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.2M, a strong 67% operating margin.

Mission

TO GROW CHARITABLE RESOURCES, ENHANCE THE UNIVERSITY'S REPUTATION, AND STRENGTHEN RELATIONSHIPS WITH ALUMNI AND FRIENDS OF CONCORD.

Program Service Accomplishments

Program 1

Expenses: $2,533,591

ISSUED SCHOLARSHIPS DIRECTLY TO RECIPIENTS, SUPPORTED CONCORD UNIVERSITY WITH SCHOLARSHIP FUNDS, SUPPORTED FACULTY AND STAFF, ADMINISTRATED FUNDS FOR COLLEGE AND COMMUNITY ENRICHMENT.

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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 $6,300,481

Program Service Revenue $0

Investment Income $2,967,117

Other Revenue $-15,053

TOTAL REVENUE $9,252,545

Expense Breakdown

Grants Paid $1,004,263

Salaries & Benefits $135,585

Fundraising Expenses $10,335

Program Expenses $2,533,591

Other Expenses $1,945,553

TOTAL EXPENSES $3,085,401

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,252,545	$3,415,292	+1.7%
Expenses	$3,085,401	$2,000,484	+0.5%
Net Income	$6,167,144	$1,414,808	+3.4%

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	Role	Reportable Comp	Other Comp	Total
JENNIFER WARE	CHAIR	2.00	Officer Director	$0	$0	$0
KEVIN POWELL	VICE CHAIR	2.00	Officer Director	$0	$0	$0
PATRICIA MCCORMICK-MOORE	TREASURER	2.00	Officer Director	$0	$0	$0
CHUCK BECKER	SECRETARY	2.00	Officer Director	$0	$0	$0
GREG ALLEN	MEMBER	2.00	Director	$0	$0	$0
GENE LOCKHART	MEMBER	1.00	Director	$0	$0	$0
JASON LUNSFORD	MEMBER	1.00	Director	$0	$0	$0
A JERRY BENSON	MEMBER	2.00	Director	$0	$0	$0
JERRY BEASLEY	MEMBER	0.50	Director	$0	$0	$0
CHARLES PACE	TRUSTEE	0.50	Director	$0	$0	$0
DAVID KIRBY	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM COURSON	MEMBER	2.00	Director	$0	$0	$0
CHRIS TUCK	MEMBER	0.50	Director	$0	$0	$0
JIE CHEN	MEMBER	1.00	Director	$0	$0	$0
GRACE HURNEY	MEMBER	0.50	Director	$0	$0	$0
VENEICIA LOCKHART	MEMBER	1.00	Director	$0	$0	$0
DIPALI NANDA	MEMBER	0.50	Director	$0	$0	$0
APRIL LUSK	MEMBER	0.50	Director	$0	$0	$0
SCOT MITCHELL	MEMBER	1.00	Director	$0	$0	$0
RALPH MODENA	MEMBER	0.50	Director	$0	$0	$0
DIMEJI ONAFUWA	MEMBER	0.50	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	$9,252,545	$3,085,401	$66,825,574	$6,167,144
2024	$3,415,292	$2,000,484	$56,920,508	$1,414,808
2023	$2,226,125	$1,985,758	$51,477,848	$240,367
2022	$4,330,601	$1,996,686	$47,716,228	$2,333,915
2021	$3,681,775	$1,862,753	$54,675,387	$1,819,022
2020	$7,085,289	$2,359,450	$43,662,302	$4,725,839
2019	$1,839,169	$1,643,008	$42,181,670	$196,161
2018	$3,718,757	$1,537,724	$40,531,817	$2,181,033