THE JAMES W DENMARK LOAN FUND INC

EIN: 560774769 501(c)(3) Philanthropy & Grantmaking

WINSTONSALEM, NC

Total Revenue
$605,679
Total Expenses
$16,590
Total Assets
$5,917,539
Net Assets
$5,914,700
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1887
Legal Domicile
NC
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.

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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 (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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Governance

Voting Members
14
Independent Members
8
Employees
N/A
Volunteers
14

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
4
$940,413
Total Directors
14
$2,312,837
Key Employees
0
$0
Highest Compensated
0
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
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