THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC (EIN 561223384) - Form 990 Financial Analysis & Trantor Score

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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

1978

Legal Domicile

Principal Officer

GRAHAM KEEVER

Phone

8282544960

Tax Period

2024-07-01 to 2025-06-30

THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC, founded in 1978, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $87.7M in total revenue in fiscal year 2024. Revenue surged 238% from the prior year, signaling strong growth momentum. The organization ran a surplus of $20.4M, a strong 23% operating margin.

Mission

FOR THE ORGANIZATION'S MISSION STATEMENT.THE COMMUNITY FOUNDATION IS A PHILANTHROPIC ORGANIZATION DEDICATED TO RAISING CHARITABLE CAPITAL FOR THE BENEFIT OF ITS 18-COUNTY REGION, AND STRATEGICALLY ALLOCATING RESOURCES TO ADDRESS PRESSING NEEDS.

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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 $70,733,461

Program Service Revenue $746,052

Investment Income $16,131,557

Other Revenue $56,778

TOTAL REVENUE $87,667,848

Expense Breakdown

Grants Paid $61,908,745

Salaries & Benefits $3,095,540

Fundraising Expenses $689,783

Program Expenses $64,359,669

Other Expenses $2,266,052

TOTAL EXPENSES $67,270,337

Year-over-Year Comparison

	2024	2023	Change
Revenue	$87,667,848	$25,935,032	+2.4%
Expenses	$67,270,337	$24,774,631	+1.7%
Net Income	$20,397,511	$1,160,401	+16.6%

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

Volunteers

150

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

$1,197,090

Total Directors

$394,802

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH K BRAZAS	PRESIDENT	40.00	Officer Director	$343,901	$50,901	$394,802
JUANITA WILSON	DIRECTOR	1.00	Director	$0	$0	$0
HARRIS M LIVINGSTAIN	DIRECTOR	1.00	Director	$0	$0	$0
SHARON FOUTS TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL FIELDS	DIRECTOR	1.00	Director	$0	$0	$0
NATALIE N BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN O CARR	DIRECTOR	1.00	Director	$0	$0	$0
MILTON BUTTERWORTH	DIRECTOR	1.00	Director	$0	$0	$0
J CHRIS SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW T LEE	DIRECTOR	1.00	Director	$0	$0	$0
JEAN MCLAUGHLIN	DIRECTOR	1.00	Director	$0	$0	$0
CARLA BARNARD	DIRECTOR	1.00	Director	$0	$0	$0
LYNN M WILSON	DIRECTOR	1.00	Director	$0	$0	$0
CARTER B WEBB	DIRECTOR	1.00	Director	$0	$0	$0
HIMANSHU KARVIR	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE BADR	CHAIR	1.00	Officer Director	$0	$0	$0
FRANCISCO CASTELBLANCO	VICE CHAIR & SECRETARY	1.00	Officer Director	$0	$0	$0
YOLANDA FAIR	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER P NORTON	TREASURER	1.00	Officer Director	$0	$0	$0
CONSTANCE M HAIRE	DIRECTOR	1.00	Director	$0	$0	$0
GRAHAM KEEVER	ASSISTANT TREASURER	40.00	Officer	$230,997	$63,059	$294,056
JULIE D KLIPP	ASSISTANT SECRETARY	40.00	Officer	$163,611	$36,363	$199,974
NAOMI DAVIS	ASSISTANT TREASURER	40.00	Officer	$97,537	$19,733	$117,270
JANET SHARP	ASSISTANT TREASURER	40.00	Officer	$94,426	$30,578	$125,004
MELISSA CROUSE	ASSISTANT TREASURER	40.00	Officer	$54,489	$11,495	$65,984
LAURA HERNDON	VICE PRESIDENT, DEVELOPMEN	40.00	Highest	$130,116	$31,294	$161,410
PHILIP P BELCHER	VICE PRESIDENT PROGRAMS	40.00	Highest	$157,601	$38,471	$196,072

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	$87,667,848	$67,270,337	$481,026,894	$20,397,511
2024	$25,935,032	$24,774,631	$434,889,192	$1,160,401
2023	$31,983,295	$25,282,173	$407,823,068	$6,701,122
2022	$45,512,765	$25,371,396	$387,056,220	$20,141,369
2021	$38,320,270	$22,531,614	$422,748,745	$15,788,656

THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC