LOUISBURG COLLEGE

EIN: 560547511 501(c)(3)

LOUISBURG, NC

Total Revenue
$16,943,070
Total Expenses
$16,934,374
Total Assets
$44,138,723
Net Assets
$26,508,378
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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
1928
Legal Domicile
NC
Principal Officer
DR GARY M BROWN
Phone
9194962521
Tax Period
2024-06-01 to 2025-05-31

LOUISBURG COLLEGE, founded in 1928, is a mid-sized nonprofit that reported $16.9M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE A BRIDGE FOR STUDENTS TO TRANSITION FROM HIGH SCHOOL TO SENIOR COLLEGES AND UNIVERSITIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $968,761
Program Service Revenue $14,740,259
Investment Income $1,073,017
Other Revenue $161,033
TOTAL REVENUE $16,943,070

Expense Breakdown

Grants Paid $3,351,708
Salaries & Benefits $4,370,791
Fundraising Expenses $167,659
Program Expenses $12,640,478
Other Expenses $9,211,875
TOTAL EXPENSES $16,934,374

Year-over-Year Comparison

2024 2023 Change
Revenue $16,943,070 $14,229,621 +0.2%
Expenses $16,934,374 $14,776,968 +0.1%
Net Income $8,696 $-547,347 -1.0%
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

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Governance

Voting Members
26
Independent Members
25
Employees
226
Volunteers
27

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
5
$255,762
Total Directors
26
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
D TADLEY DEBERRY CHAIRMAN 2.00
Officer Director
$0 $0 $0
SHARON BRYSON 1ST VICE CHAIR 2.00
Officer Director
$0 $0 $0
DR BOBBIE RICHARDSON 2ND VICE CHAIR 1.00
Officer Director
$0 $0 $0
EMILY HODGES SECRETARY 2.00
Officer Director
$0 $0 $0
HAVEN C ALLEN TRUSTEE 1.00
Director
$0 $0 $0
LUCY T ALLEN TRUSTEE 1.00
Director
$0 $0 $0
BILL BODDIE JR TRUSTEE 1.00
Director
$0 $0 $0
MATTHEW C BOUCHARD TRUSTEE 1.00
Director
$0 $0 $0
REVEREND CHRIS BRADY TRUSTEE 1.00
Director
$0 $0 $0
DR STEVEN E BROOKS TRUSTEE 1.00
Director
$0 $0 $0
DAVID J COSTER TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM R CROSS TRUSTEE 1.00
Director
$0 $0 $0
GLYNIS HILL-CHANDLER TRUSTEE 1.00
Director
$0 $0 $0
JOHN A HOPKINS TRUSTEE 1.00
Director
$0 $0 $0
LINDA F JOHNSON TRUSTEE 1.00
Director
$0 $0 $0
LYNDA C LUMPKIN TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM NORRIS TRUSTEE 1.00
Director
$0 $0 $0
THOMAS PARRISH TRUSTEE 1.00
Director
$0 $0 $0
MAX G REECE JR TRUSTEE 1.00
Director
$0 $0 $0
FRANKLIN ROBERTS TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM C SHELTON TRUSTEE 1.00
Director
$0 $0 $0
LYDIA M SMITH TRUSTEE 1.00
Director
$0 $0 $0
EMMA B STEWART TRUSTEE 1.00
Director
$0 $0 $0
CONRAD BOYD STURGES III TRUSTEE 1.00
Director
$0 $0 $0
WARD SYLVESTER TRUSTEE 1.00
Director
$0 $0 $0
DR LINDA RWILSON TRUSTEE 1.00
Director
$0 $0 $0
DR GARY M BROWN PRESIDENT 40.00
Officer
$232,007 $23,755 $255,762
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 $16,943,070 $16,934,374 $44,138,723 $8,696
2024 $14,229,621 $14,776,968 $43,916,145 $-547,347
2023 $14,808,582 $16,503,537 $44,373,889 $-1,694,955
2022 $23,005,525 $20,893,670 $47,886,546 $2,111,855
2021 $19,182,991 $16,707,899 $50,757,463 $2,475,092
2020 $17,805,916 $17,346,886 $48,253,660 $459,030
2019 $19,907,534 $18,723,061 $48,585,741 $1,184,473
2018 $24,049,550 $19,833,519 $49,594,275 $4,216,031
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