UNITED WAY OF ASHEVILLE AND BUNCOMBE COUNTY INC

EIN: 560576157 501(c)(3) Philanthropy & Grantmaking

ASHEVILLE, NC

Total Revenue
$5,078,565
Total Expenses
$5,273,841
Total Assets
$8,032,072
Net Assets
$6,779,988
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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
1952
Legal Domicile
NC
Principal Officer
DANIEL LEROY
Phone
8282550696
Tax Period
2022-07-01 to 2023-06-30

UNITED WAY OF ASHEVILLE AND BUNCOMBE COUNTY INC, founded in 1952, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.1M in total revenue in fiscal year 2022. Revenue decreased 19% compared to the prior year.

Mission

WE ARE DEDICATED TO BUILDING A STRONG, CARING COMMUNITY WHERE RESIDENTS ARE EDUCATED, FINANCIALLY STABLE AND HEALTHY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,292,681
Program Service Revenue $713,123
Investment Income $31,132
Other Revenue $41,629
TOTAL REVENUE $5,078,565

Expense Breakdown

Grants Paid $749,673
Salaries & Benefits $3,324,288
Fundraising Expenses $661,263
Program Expenses $4,061,896
Other Expenses $1,199,880
TOTAL EXPENSES $5,273,841

Year-over-Year Comparison

2022 2021 Change
Revenue $5,078,565 $6,267,887 -0.2%
Expenses $5,273,841 $5,478,015 0.0%
Net Income $-195,276 $789,872 -1.2%
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
30
Independent Members
29
Employees
72
Volunteers
567

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
7
$258,148
Total Directors
31
$157,117
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSANNE SWANGER CHAIR 3.00
Officer Director
$0 $0 $0
HIMANSHU KARVIR CHAIR ELECT 3.00
Officer Director
$0 $0 $0
HEATHER GOLDSTEIN VICE CHAIR 3.00
Officer Director
$0 $0 $0
ROBERT MCARTHUR TREASURER 3.00
Officer Director
$0 $0 $0
ANDREW GMITTER SECRETARY 3.00
Officer Director
$0 $0 $0
KHABONINA BERESFORD DIRECTOR 2.00
Director
$0 $0 $0
AMY BIBBY DIRECTOR 2.00
Director
$0 $0 $0
TIM BUGG DIRECTOR 2.00
Director
$0 $0 $0
GIANNINA CALLEJAS DIRECTOR 2.00
Director
$0 $0 $0
DEBRA CAMPBELL DIRECTOR 2.00
Director
$0 $0 $0
SHELIA CHRISTOFALOS DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL CORTES DIRECTOR 2.00
Director
$0 $0 $0
CHIP CRAIG DIRECTOR 2.00
Director
$0 $0 $0
JAMYE DAVIS DIRECTOR 2.00
Director
$0 $0 $0
DIONNE GREENLEE-JONES DIRECTOR 2.00
Director
$0 $0 $0
DR WILLIAM HATHAWAY DIRECTOR 2.00
Director
$0 $0 $0
MELISSA HEDT DIRECTOR 2.00
Director
$0 $0 $0
LAYTON HOWER DIRECTOR 2.00
Director
$0 $0 $0
TYSHAUN JOHNSON DIRECTOR 2.00
Director
$0 $0 $0
KEVIN MCDONALD DIRECTOR 2.00
Director
$0 $0 $0
ZO MPOFU DIRECTOR 2.00
Director
$0 $0 $0
EMMA OLSON DIRECTOR 2.00
Director
$0 $0 $0
ASHLEY SMITH DIRECTOR 2.00
Director
$0 $0 $0
JOHN SUTTON JR DIRECTOR 2.00
Director
$0 $0 $0
MAUI C VANG DIRECTOR 2.00
Director
$0 $0 $0
JASON WALLS DIRECTOR 2.00
Director
$0 $0 $0
GLENN WILCOX SR DIRECTOR 2.00
Director
$0 $0 $0
ANGELICA WIND DIRECTOR 2.00
Director
$0 $0 $0
DAVID G WORLEY DIRECTOR 2.00
Director
$0 $0 $0
JULIE SMITH DIRECTOR THR 2.00
Director
$0 $0 $0
DANIEL LEROY CEO 40.00
Officer Director
$140,364 $16,753 $157,117
APRIL LAMBERT VP FINANCE 40.00
Officer
$85,497 $15,534 $101,031
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 No data No data No data No data
2024 No data No data No data No data
2023 $5,078,565 $5,273,841 $8,032,072 $-195,276
2022 $6,267,887 $5,478,015 $7,990,158 $789,872
2021 $6,101,037 $5,408,819 $8,337,035 $692,218
2020 $4,276,781 $4,057,755 $6,700,371 $219,026
2019 $5,177,299 $4,795,301 $7,387,950 $381,998
2018 $5,922,187 $4,784,977 $7,617,982 $1,137,210
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