LEES-MCRAE COLLEGE INC (EIN 560529953) - Form 990 Financial Analysis & Trantor Score

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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

1900

Legal Domicile

Principal Officer

WILLIAM H DURHAM

Phone

8288985241

Tax Period

2024-06-01 to 2025-05-31

LEES-MCRAE COLLEGE INC, founded in 1900, is a mid-sized nonprofit in the Education sector that reported $52.3M in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $47.5M left a modest 9% surplus.

Mission

LEES-MCRAE COLLEGE EDUCATES AND INSPIRES STUDENTS TO APPROACH LIFE AND WORK FROM A CREATIVE, COLLABORATIVE, AND CRITICAL PERSPECTIVE IN PREPARATION FOR DIVERSE CAREERS AND ENVIRONMENTS

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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 $10,278,197

Program Service Revenue $34,707,242

Investment Income $1,632,994

Other Revenue $5,717,178

TOTAL REVENUE $52,335,611

Expense Breakdown

Grants Paid $13,195,990

Salaries & Benefits $15,214,244

Fundraising Expenses $401,711

Program Expenses $37,551,998

Other Expenses $19,046,857

TOTAL EXPENSES $47,457,091

Year-over-Year Comparison

	2024	2023	Change
Revenue	$52,335,611	$36,308,685	+0.4%
Expenses	$47,457,091	$37,744,057	+0.3%
Net Income	$4,878,520	$-1,435,372	-4.4%

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

525

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

$986,429

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA KOPCZYNSKI	BOARD CHAIR	0.10	Officer Director	$0	$0	$0
JIM MCDANIEL	BOARD VICE CHAIR	0.10	Officer Director	$0	$0	$0
TOMMY BRIGHAM JR	BOARD TRUSTEE	0.10	Director	$0	$0	$0
SONNY EDMONDSON	BOARD TRUSTEE	0.10	Director	$0	$0	$0
JORDAN GILLESPIE	BOARD TRUSTEE	0.10	Director	$0	$0	$0
PARKER GRUBBS	BOARD TRUSTEE	0.10	Director	$0	$0	$0
MORGAN HERDKLOTZ	BOARD TRUSTEE	0.10	Director	$0	$0	$0
BETH HOPKINS	BOARD TRUSTEE	0.10	Director	$0	$0	$0
NANCY HOYT	BOARD TRUSTEE	0.10	Director	$0	$0	$0
BONNIE HUFF	BOARD TRUSTEE	0.10	Director	$0	$0	$0
PETER KENDALL	BOARD TRUSTEE	0.10	Director	$0	$0	$0
DIANNE MAY	BOARD TRUSTEE	0.10	Director	$0	$0	$0
JULIA MCCOMBS	BOARD TRUSTEE	0.10	Director	$0	$0	$0
BOB MOSS	BOARD TRUSTEE	0.10	Director	$0	$0	$0
GARY T MOSS JR	BOARD TRUSTEE	0.10	Director	$0	$0	$0
TODD PORTER	BOARD TRUSTEE	0.10	Director	$0	$0	$0
ED SHELTON	BOARD TRUSTEE	0.10	Director	$0	$0	$0
RON SOLDO	BOARD TRUSTEE	0.10	Director	$0	$0	$0
RUTH STEPHENSON	BOARD TRUSTEE	0.10	Director	$0	$0	$0
W MCNAIR TORNOW	BOARD TRUSTEE	0.10	Director	$0	$0	$0
LENOARD WHEELER	BOARD TRUSTEE	0.10	Director	$0	$0	$0
HERBERT KING JR	PRESIDENT	50.00	Officer	$354,102	$33,187	$387,289
BLAINE HANSEN	VP OF AASSESSMENT & EFFECTIVENESS	50.00	Officer	$185,882	$20,484	$206,366
WILLIAM DURHAM	VP OF BUSINESS AFFAIRS	50.00	Officer	$181,227	$20,334	$201,561
PAMELA VESELY	VP OF ACADEMIC AFFAIRS AND	50.00	Officer	$173,930	$17,283	$191,213
KEVIN PHILLIPS	SVP OF ENROLLMENT MANAGEME	50.00	Highest	$213,758	$10,974	$224,732
JASON JONES	VP OF STUDENT AFFAIRS	50.00	Highest	$142,615	$19,153	$161,768

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	$52,335,611	$47,457,091	$131,313,844	$4,878,520
2024	$36,308,685	$37,744,057	$123,229,175	$-1,435,372
2023	$38,490,806	$37,296,436	$99,950,537	$1,194,370
2022	$41,070,473	$37,354,274	$87,696,802	$3,716,199
2021	$37,578,237	$31,626,030	$71,928,370	$5,952,207
2020	$32,982,748	$30,349,611	$65,924,509	$2,633,137
2019	$29,433,682	$30,890,234	$63,099,056	$-1,456,552
2018	$31,105,379	$28,114,622	$67,374,879	$2,990,757

LEES-MCRAE COLLEGE INC