LOUISBURG COLLEGE

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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

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

RELATED BY FAITH TO THE UNITED METHODIST CHURCH, LOUISBURG COLLEGE IS A TWO-YEAR RESIDENTIAL INSTITUTION COMMITTED TO OFFERING A SUPPORTIVE COMMUNITY THAT NURTURES YOUNG MEN AND WOMEN INTELLECTUALLY, CULTURALLY, SOCIALLY, PHYSICALLY, AND SPIRITUALLY.

Program Service Accomplishments

Program 1

Expenses: $12,640,478 Revenue: $14,824,273

LOUISBURG COLLEGE CONTINUES TO ADMIT AN INCREASING NUMBER OF STUDENTS WITH HIGHER GPA AVERAGES. CONFIRMATION OF LOUISBURG'S SUCCESS IN PREPARING STUDENTS FOR THE NEXT STEPS IN THEIR COLLEGIATE...

LOUISBURG COLLEGE CONTINUES TO ADMIT AN INCREASING NUMBER OF STUDENTS WITH HIGHER GPA AVERAGES. CONFIRMATION OF LOUISBURG'S SUCCESS IN PREPARING STUDENTS FOR THE NEXT STEPS IN THEIR COLLEGIATE CAREERS IS EVIDENCED BY THE COLLEGE'S COURSE COMPLETION RATE AND THE NUMBER OF STUDENTS WHO TRANSFER TO FOUR YEAR INSTITUTIONS. THE COLLEGE'S CURRENT COURSE COMPLETION RATE IS 77%. OVER THE PAST FEW YEARS, AT LEAST 80% OF THE COLLEGE'S GRADUATES HAVE TRANSFERRED TO FOUR-YEAR 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%)

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

Governance

Voting Members

Independent Members

Employees

226

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

$255,762

Total Directors

Key Employees

Highest Compensated

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