NORTH CAROLINA SCHOOL OF SCIENCE AND MATHEMATICS FOUNDATION (EIN 561250756) - 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

1979

Legal Domicile

Principal Officer

BARBARA COURY

Phone

9194162866

Tax Period

2024-07-01 to 2025-06-30

NORTH CAROLINA SCHOOL OF SCIENCE AND MATHEMATICS FOUNDATION, founded in 1979, is a mid-sized nonprofit that reported $11.2M in total revenue in fiscal year 2024. Revenue surged 86% from the prior year, signaling strong growth momentum. Net assets of $40.6M represent 43 months of operating reserves.

Mission

THE FOUNDATION WAS ORGANIZED TO RECEIVE, ADMINISTER, AND OBTAIN FUNDS FOR THE SUPPORT OF THE ACADEMIC AND EDUCATIONAL PROGRAMS OF THE NORTH CAROLINA SCHOOL OF SCIENCE AND MATHEMATICS.

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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 $8,273,846

Program Service Revenue $0

Investment Income $2,914,587

Other Revenue $0

TOTAL REVENUE $11,188,433

Expense Breakdown

Grants Paid $6,748,565

Salaries & Benefits $1,993,522

Fundraising Expenses $1,030,916

Program Expenses $9,307,212

Other Expenses $2,207,587

TOTAL EXPENSES $11,030,224

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,188,433	$6,020,658	+0.9%
Expenses	$11,030,224	$8,867,822	+0.2%
Net Income	$158,209	$-2,847,164	-1.1%

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

$400,377

Total Directors

$443,968

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAYLOR BROCKMAN	CHAIR	3.00	Officer Director	$0	$0	$0
GINA LOFTEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KATHERINE G MANUEL	TREASURER	1.00	Officer Director	$0	$0	$0
KAREN REID	AUDIT COMMITTEE CHAIR	1.00	Officer Director	$0	$0	$0
CHARLIE STONE	FINANCE COMMITTEE CHAIR	1.00	Officer Director	$0	$0	$0
ROHAN PAUL	DEVELOPMENT COMMITTEE CHAIR	1.00	Officer Director	$0	$0	$0
MAYA AJMERA	MEMBER	1.00	Director	$0	$0	$0
STEVEN ANDERSON	MEMBER	1.00	Director	$0	$0	$0
DIANNE C BAILEY	MEMBER	1.00	Director	$0	$0	$0
DAVID J BENNETT	MEMBER	1.00	Director	$0	$0	$0
JOANNE CHEN	MEMBER	1.00	Director	$0	$0	$0
ADRIENNE CLOUGH	MEMBER	1.00	Director	$0	$0	$0
JENNY P DISSEN	MEMBER	1.00	Director	$0	$0	$0
HAN FEUNG	MEMBER	1.00	Director	$0	$0	$0
ZACK FOWLER	MEMBER	1.00	Director	$0	$0	$0
LOUIS GORDON	MEMBER	1.00	Director	$0	$0	$0
KIM GRAGG	MEMBER	1.00	Director	$0	$0	$0
AKHIL JARIWALA	MEMBER	1.00	Director	$0	$0	$0
ANASTASIA KORNEGAY	MEMBER	1.00	Director	$0	$0	$0
GRANT MEANS	MEMBER	1.00	Director	$0	$0	$0
MARY U MUSACCHIA	MEMBER	1.00	Director	$0	$0	$0
SCOTT OGLE	MEMBER	1.00	Director	$0	$0	$0
CHRIS PAUL	MEMBER	1.00	Director	$0	$0	$0
MARGARET POWELL	MEMBER	1.00	Director	$0	$0	$0
LESHAWNDRA PRICE	MEMBER	1.00	Director	$0	$0	$0
JEFF TANG	MEMBER	1.00	Director	$0	$0	$0
MARY U MUSACCHIA	MEMBER	1.00	Director	$0	$0	$0
STEPHANIE BASS	EX OFFICIO MEMBER	1.00	Director	$0	$0	$0
MARY ROEDERER	EX OFFICIO MEMBER	1.00	Director	$0	$0	$0
CHARLES F STONE	EX OFFICIO NONVOTING BOARD MEMBER	1.00	Director	$0	$0	$0
EMILY MARTINE	EX OFFICIO MEMBER	1.00	Director	$0	$0	$0
TODD ROBERTS	CHANCELLOR, MEMBER EX-OFFICIO	15.00	Director	$0	$111,275	$443,968
LEAH ENGLEBRIGHT	ASSISTANT TREASURER	5.00	Officer	$0	$52,087	$190,902
BARBARA J COURY	VICE CHANCELLOR OF DEVELOPMENT AND FOUNDATION PRES	50.00	Officer	$0	$56,556	$209,475

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	$11,188,433	$11,030,224	$42,046,496	$158,209
2024	No data	No data	No data	No data
2023	$5,395,559	$6,388,458	$45,098,697	$-992,899
2022	$10,150,965	$4,109,398	$46,023,788	$6,041,567
2021	$5,208,517	$4,091,584	$40,185,597	$1,116,933
2020	$12,144,009	$2,479,667	$33,079,171	$9,664,342
2019	$8,358,868	$2,269,867	$23,368,850	$6,089,001
2018	$3,767,835	$1,795,628	$16,472,245	$1,972,207

NORTH CAROLINA SCHOOL OF SCIENCE AND MATHEMATICS FOUNDATION