COMMUNITY FOUNDATION OF HENDERSON COUNTY INC

EIN: 561330792 501(c)(3) Philanthropy & Grantmaking

HENDERSONVILLE, NC

Total Revenue
$20,540,631
Total Expenses
$10,910,189
Total Assets
$168,191,298
Net Assets
$166,630,738
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
NC
Principal Officer
MCCRAY V BENSON
Phone
8286976224
Tax Period
2024-07-01 to 2025-06-30

COMMUNITY FOUNDATION OF HENDERSON COUNTY INC, founded in 1982, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $20.5M in total revenue in fiscal year 2024. The organization ran a surplus of $9.6M, a strong 47% operating margin.

Mission

HELPING PEOPLE WHO CARE MAKE LASTING CONTRIBUTIONS TO CAUSES THAT MATTER, COMMUNITY FOUNDATION OF HENDERSON COUNTY IS A HIGHLY VISIBLE, PHILANTHROPIC LEADER DIRECTED BY AN ENGAGED AND COMMITTED BOARD, STAFFED BY QUALIFIED EMPLOYEES, EMPOWERING DONORS AT ALL LEVELS TO INVEST IN PROFESSIONALLY MANAGED CHARITABLE FUNDS THAT ADDRESS COMMUNITY NEEDS.

Program Service Accomplishments

Program 1
Expenses: $9,394,102

FOUNDED IN 1982, COMMUNITY FOUNDATION OF HENDERSON COUNTY SERVES THE ENTIRE COMMUNITY BY RECEIVING, MANAGING, DISTRIBUTING FUNDS FOR CHARITABLE PURPOSES, AND CONSULTATION ON CHARITABLE PROGRAMS TO...

Read more

FOUNDED IN 1982, COMMUNITY FOUNDATION OF HENDERSON COUNTY SERVES THE ENTIRE COMMUNITY BY RECEIVING, MANAGING, DISTRIBUTING FUNDS FOR CHARITABLE PURPOSES, AND CONSULTATION ON CHARITABLE PROGRAMS TO FULFILL DONOR'S WISHES. CONTRIBUTIONS MAY BE POOLED AND INVESTED, SO THAT THE INCOME PROVIDES A PERMANENT SOURCE OF GRANT MONIES FOR GENERAL OR SPECIFIC PURPOSES. THE FOUNDATION AWARDS GRANTS THROUGH BOTH COMPETITIVE AND NON- COMPETITIVE PROCESSES WITH THE GREATEST NUMBER OF GRANTS BEING NON- COMPETITIVE, INCLUDING DESIGNATED AND DONOR ADVISED GRANTS. GRANTS WERE AWARDED TO 389 ORGANIZATIONS REPRESENTING A BROAD SPECTRUM OF SERVICES. GRANTS ARE CATEGORIZED INTO NINE PROGRAM AREAS: ANIMAL CARE, ARTS AND CULTURE, CIVIC AND COMMUNITY AFFAIRS, CONSERVATION, EDUCATION, HEALTH, HUMAN SERVICES, FAITH BASED NEEDS, AND OTHER. THE FOUNDATION USES STRATEGIES ON CONVENING COMMUNITY INTEREST; ENGAGE LEADERSHIP, VOLUNTEERS AND ORGANIZATIONS TO WORK COLLABORATIVELY ON COMMUNITY ISSUES. 68 DISASTER GRANTS WERE AWARDED TO 48 NONPROFITS AND 137 BUSINESSES WERE IMPACTED BY HURRICANE HELENE.

Program 2
Expenses: $575,200

THE FOUNDATION WAS ORIGINALLY FOUNDED WITH FUNDS DESIGNATED FOR SCHOLARSHIP PURPOSES. OVER THE YEARS, THIS AREA OF FOCUS HAS GROWN TO NOW INCLUDE 124 SCHOLARSHIPS FUNDS. THE FOUNDATION ADMINISTERS A...

Read more

THE FOUNDATION WAS ORIGINALLY FOUNDED WITH FUNDS DESIGNATED FOR SCHOLARSHIP PURPOSES. OVER THE YEARS, THIS AREA OF FOCUS HAS GROWN TO NOW INCLUDE 124 SCHOLARSHIPS FUNDS. THE FOUNDATION ADMINISTERS A SCHOLARSHIP PROGRAM THAT EACH YEAR HELPS LOCAL STUDENTS PURSUE THEIR DREAMS AND GOALS AT COLLEGES, UNIVERSITIES, AND TRADE OR TECHNICAL SCHOOLS. IN THE FISCAL YEAR 2024- 2025, ACADEMIC AWARDS AND SCHOLARSHIPS WERE AWARDED TO 244 INDIVIDUALS PRIMARILY IN HENDERSON COUNTY, NORTH CAROLINA. THE MAJORITY OF THE FOUNDATION SCHOLARSHIPS ARE BASED ON ACADEMIC ABILITY AND FINANCIAL NEED. HOWEVER, SOME SCHOLARSHIPS HAVE SPECIFIC ELIGIBILITY REQUIREMENTS BASED ON THE DONOR'S CHARITABLE DESIRES. ACTUAL AWARDS VARY DEPENDING UPON THE AVAILABLE INCOME IN EACH INDIVIDUAL SCHOLARSHIP FUND.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $12,243,071
Program Service Revenue $38,604
Investment Income $8,379,824
Other Revenue $-120,868
TOTAL REVENUE $20,540,631

Expense Breakdown

Grants Paid $9,231,790
Salaries & Benefits $774,457
Fundraising Expenses $174,532
Program Expenses $9,969,302
Other Expenses $903,942
TOTAL EXPENSES $10,910,189

Year-over-Year Comparison

2024 2023 Change
Revenue $20,540,631 $19,963,739 +0.0%
Expenses $10,910,189 $6,699,663 +0.6%
Net Income $9,630,442 $13,264,076 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
19
Independent Members
19
Employees
10
Volunteers
72

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
7
$378,848
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUTH BIRGE CHAIR 3.00
Officer Director
$0 $0 $0
BILL HALE VICE CHAIR 3.00
Officer Director
$0 $0 $0
TIM KRIEGEL TREASURER 3.00
Officer Director
$0 $0 $0
DORA KATSADOUROS SECRETARY 2.00
Officer Director
$0 $0 $0
STAN DUNCAN PAST CHAIR 2.00
Officer Director
$0 $0 $0
KEN ADAMS DIRECTOR 2.00
Director
$0 $0 $0
JIMMY CHANDLER DIRECTOR 2.00
Director
$0 $0 $0
STEVEN DOZIER DIRECTOR 2.00
Director
$0 $0 $0
ANDERSON ELLIS DIRECTOR 2.00
Director
$0 $0 $0
JULIA FAWCETT DIRECTOR 2.00
Director
$0 $0 $0
ERIC GASH DIRECTOR 2.00
Director
$0 $0 $0
MATT HENRY DIRECTOR 2.00
Director
$0 $0 $0
JAN KING DIRECTOR 2.00
Director
$0 $0 $0
RENEE KUMAR DIRECTOR 2.00
Director
$0 $0 $0
BRYCE MALSBARY DIRECTOR 2.00
Director
$0 $0 $0
CAROLINA MCCREADY DIRECTOR 2.00
Director
$0 $0 $0
LUTRELLE O'CAIN DIRECTOR 2.00
Director
$0 $0 $0
PENNY SUMMEY DIRECTOR 2.00
Director
$0 $0 $0
KEVIN YOUNG DIRECTOR 2.00
Director
$0 $0 $0
MCCRAY V BENSON PRESIDENT/CE 40.00
Officer
$214,737 $30,500 $245,237
RACHEL W BUCHANAN CFO 40.00
Officer
$113,531 $20,080 $133,611
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 $20,540,631 $10,910,189 $168,191,298 $9,630,442
2024 $19,963,739 $6,699,663 $147,445,991 $13,264,076
2023 $10,372,155 $6,783,142 $131,426,355 $3,589,013
2022 $11,832,432 $6,360,109 $121,395,555 $5,472,323
2021 $6,466,515 $5,647,714 $136,512,961 $818,801
2020 $6,825,431 $5,764,113 $105,983,718 $1,061,318
2019 $10,383,216 $5,671,236 $111,153,905 $4,711,980
Explore More Nonprofits
Top 100 Nonprofits in North Carolina Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare COMMUNITY FOUNDATION OF HENDERSON COUNTY INC with other nonprofits in North Carolina and across the country.