THE JAMES W DENMARK LOAN FUND INC

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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

1887

Legal Domicile

Principal Officer

J REID MORGAN

Phone

3367584240

Tax Period

2023-07-01 to 2024-06-30

THE JAMES W DENMARK LOAN FUND INC, founded in 1887, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $606K in total revenue in fiscal year 2023. Revenue surged 175% from the prior year, signaling strong growth momentum. The organization ran a surplus of $589K, a strong 97% operating margin.

Mission

THE JAMES W DENMARK LOAN FUND, INC HAS PROVIDED FINANCIAL ASSISTANCE IN THE FORM OF LOANS TO STUDENTS AT WAKE FOREST UNIVERSITY SINCE ITS INCEPTION IN 1887.

Program Service Accomplishments

Program 1

Expenses: $5,445 Revenue: $21,382

THE JAMES W DENMARK LOAN FUND, INC PROVIDES FINANCIAL ASSISTANCE IN THE FORM OF LOANS TO STUDENTS AT WAKE FOREST UNIVERSITY. IN THE CURRENT FISCAL YEAR, THE ORGANIZATION DID NOT FUND ANY LOANS...

THE JAMES W DENMARK LOAN FUND, INC PROVIDES FINANCIAL ASSISTANCE IN THE FORM OF LOANS TO STUDENTS AT WAKE FOREST UNIVERSITY. IN THE CURRENT FISCAL YEAR, THE ORGANIZATION DID NOT FUND ANY LOANS. STUDENT NEEDS ARE ANALYZED BY THE WAKE FOREST UNIVERSITY FINANCIAL AID OFFICE AND THE SUM OF THE FUNDS REQUIRED ARE PROVIDED TO THE UNIVERSITY. REPAYMENTS ARE MADE DIRECTLY TO THE ORGANIZATION BY GRADUATED STUDENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $21,382

Investment Income $574,557

Other Revenue $9,740

TOTAL REVENUE $605,679

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,445

Other Expenses $16,590

TOTAL EXPENSES $16,590

Year-over-Year Comparison

	2023	2022	Change
Revenue	$605,679	$220,427	+1.7%
Expenses	$16,590	$16,072	+0.0%
Net Income	$589,089	$204,355	+1.9%

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

N/A

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

$940,413

Total Directors

$2,312,837

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
B HOFLER MILAM	DIRECTOR	0.10	Director	$0	$171,086	$1,212,740
J REID MORGAN	DIRECTOR / P	1.00	Officer Director	$0	$108,874	$799,445
THOMAS BENZA	DIRECTOR / S	1.00	Officer Director	$0	$25,141	$140,968
MARY TRIBBLE	DIRECTOR	0.10	Director	$0	$15,131	$133,595
HAROLD HOLMES	DIRECTOR	0.10	Director	$0	$0	$17,124
DR RICHARD D CARMICHAEL	DIRECTOR	0.10	Director	$0	$1,965	$8,965
W DOUGLAS BLAND	DIRECTOR	0.10	Director	$0	$0	$0
DR CATHERINE T HARRIS	DIRECTOR	0.10	Director	$0	$0	$0
KENNETH A ZICK II	DIRECTOR	0.10	Director	$0	$0	$0
ROBERT D MILLS	DIRECTOR	0.10	Director	$0	$0	$0
JENNY R PUCKETT	DIRECTOR	0.10	Director	$0	$0	$0
DR C DOUGLAS MAYNARD	DIRECTOR	0.10	Director	$0	$0	$0
SANDRA C BOYETTE	DIRECTOR/VIC	0.10	Officer Director	$0	$0	$0
MURRAY C GREASON JR	DIRECTOR	0.10	Director	$0	$0	$0
JAMES J DUNN	TREASURER	0.30	Officer	$0	$0	$0

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	$605,679	$16,590	$5,917,539	$589,089
2023	$220,427	$16,072	$5,326,211	$204,355
2022	$108,216	$22,756	$4,883,730	$85,460
2021	$151,704	$25,090	$5,221,250	$126,614
2020	$129,377	$21,933	$4,543,438	$107,444
2019	$135,220	$14,406	$4,497,090	$120,814
2018	$114,052	$103,809	$4,346,865	$10,243