THE KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION

EIN: 560771850 501(c)(3) Education

CHAPEL HILL, NC

Total Revenue
$56,551,031
Total Expenses
$50,040,059
Total Assets
$305,218,348
Net Assets
$299,659,081
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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
1946
Legal Domicile
NC
Principal Officer
JANA RAEDY
Phone
9199627158
Tax Period
2024-07-01 to 2025-06-30

THE KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION, founded in 1946, is a mid-sized nonprofit in the Education sector that reported $56.6M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $50.0M left a modest 12% surplus.

Mission

PROVIDED FUNDS FOR TEACHING SALARIES, RESEARCH PLANNING & ADMINISTRATION, PLACEMENT OF TEACHERS, AND STUDENT FINANCIAL ASSISTANCE TO SUPPLEMENT THE OPERATIONS OF THE UNC SCHOOL OF BUSINESS.

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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 $29,511,861
Program Service Revenue $16,319,000
Investment Income $10,576,637
Other Revenue $143,533
TOTAL REVENUE $56,551,031

Expense Breakdown

Grants Paid $50,040,059
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $50,040,059
Other Expenses $0
TOTAL EXPENSES $50,040,059

Year-over-Year Comparison

2024 2023 Change
Revenue $56,551,031 $48,037,588 +0.2%
Expenses $50,040,059 $36,915,574 +0.4%
Net Income $6,510,972 $11,122,014 -0.4%
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

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Governance

Voting Members
11
Independent Members
7
Employees
62
Volunteers
N/A

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
3
$790,930
Total Directors
11
$2,450,953
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANCIE KEENAN PRESIDENT 0.10
Officer Director
$0 $0 $0
JANA RAEDY TREASURER 0.10
Officer Director
$0 $69,402 $618,162
BETSY BATTLE DIRECTOR 0.10
Director
$0 $0 $0
CHRISTIAN LUNDBLAD DIRECTOR 0.10
Director
$0 $70,507 $894,354
MARY MARGARET FRANK DIRECTOR 0.10
Director
$0 $69,455 $661,796
DARIUS DAVIS DIRECTOR 0.10
Director
$0 $0 $0
BRIAN HOGAN DIRECTOR 0.10
Director
$0 $0 $0
BILL HACKNEY DIRECTOR 0.10
Director
$0 $0 $0
NATASHA AUSTIN DIRECTOR 0.10
Director
$0 $0 $0
BRETT KENEFICK DIRECTOR 0.10
Director
$0 $0 $0
MARY MARGARET CARROLL DIRECTOR 0.10
Director
$0 $53,139 $276,641
TOM CAWLEY SECRETARY 0.10
Officer
$0 $43,900 $172,768
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 $56,551,031 $50,040,059 $305,218,348 $6,510,972
2024 $48,037,588 $36,915,574 $287,274,033 $11,122,014
2023 $44,573,407 $35,966,912 $268,628,293 $8,606,495
2022 $44,675,511 $23,678,383 $259,673,453 $20,997,128
2021 $49,598,088 $20,628,213 $238,346,808 $28,969,875
2020 $36,856,586 $21,702,630 $169,532,677 $15,153,956
2019 $52,199,636 $27,380,310 $158,287,685 $24,819,326
2018 $35,236,298 $24,386,861 $133,634,538 $10,849,437
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