COMMUNITY FOUNDATION OF GREATER GR… - Form 990 Financial Data

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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

1983

Legal Domicile

Principal Officer

H WALKER SANDERS

Phone

3363799100

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY FOUNDATION OF GREATER GREENSBORO INC, founded in 1983, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $15.4M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $20.4M exceeded revenue, resulting in a 32% operating deficit.

Mission

THE COMMUNITY FOUNDATION OF GREATER GREENSBORO INSPIRES GIVING, MAXIMIZES OPPORTUNITIES AND STRENGTHENS COMMUNITIES FOR PRESENT AND FUTURE GENERATIONS.

Program Service Accomplishments

Program 1

Expenses: $9,442,638

DONOR ADVISED: THE COMMUNITY FOUNDATION MANAGES 399 DONOR-ADVISED AND SCHOLARSHIP FUNDS WHICH ENABLE RESIDENTS OF GREATER GREENSBORO TO ACHIEVE THEIR INDIVIDUAL CHARITABLE GOALS. DURING 2023, MORE...

DONOR ADVISED: THE COMMUNITY FOUNDATION MANAGES 399 DONOR-ADVISED AND SCHOLARSHIP FUNDS WHICH ENABLE RESIDENTS OF GREATER GREENSBORO TO ACHIEVE THEIR INDIVIDUAL CHARITABLE GOALS. DURING 2023, MORE THAN 2,600 GRANTS WERE DISBURSED IN SUPPORT OF FAITH BASED, HEALTH & HUMAN SERVICE, EDUCATIONAL AND OTHER COMMUNITY SERVICE ORGANIZATIONS.

Program 2

Expenses: $5,704,662 Revenue: $417,799

FIELD OF INTEREST: THE COMMUNITY FOUNDATION MANAGES ENDOWMENT AND UNRESTRICTED GRANT FUNDS WHICH ARE USED TO STRENGTHEN ITS COMMUNITY FOR PRESENT AND FUTURE GENERATIONS. FOCUS AREAS FOR 2023 WERE TO PROMOTE ECONOMIC DEVELOPMENT THROUGH COMMUNITY INITIATIVES, ESTABLISHING WORKFORCE INITIATIVES TO ALIGN EDUCATION AND TRAINING WITH BUSINESS NEEDS, AND DEVELOPING STRATEGIES FOR AFFORDABLE HOUSING IN ITS COMMUNITY. IN ADDITION, AREA RESIDENTS HAVE CREATED PERMANENT FUNDS TO SUPPORT SPECIFIC AREAS OF INTEREST, INCLUDING ELDER CARE, ISSUES CONCERNING OUR COMMUNITY'S WOMEN AND FAMILIES, TUITION ASSISTANCE FOR ELIGIBLE HIGH SCHOOL GRADUATES, AND SHAPING OUR COMMUNITY'S IDENTITY THROUGH THE USE OF ART IN PUBLIC AREAS. THESE FUNDS MAKE GRANTS WHILE ALSO CONDUCTING ACTIVE ENDOWMENT BUILDING ACTIVITIES.

Program 3

Expenses: $1,735,172

ORGANIZATION FUNDS: AREA RESIDENTS HAVE CREATED FUNDS TO SUPPORT SPECIFIC NONPROFIT ORGANIZATIONS. IN ADDITION, THE COMMUNITY FOUNDATION MANAGES THE ENDOWMENT FUNDS OF LOCAL NONPROFIT ORGANIZATIONS; ACCORDINGLY THE FOUNDATION RECOGNIZES A LIABILITY TO THE NONPROFIT AND ADJUSTS THIS LIABILITY FOR RELATED CONTRIBUTIONS, EARNINGS, GRANTS AND EXPENSES.

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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 $11,910,951

Program Service Revenue $417,799

Investment Income $3,096,036

Other Revenue $0

TOTAL REVENUE $15,424,786

Expense Breakdown

Grants Paid $14,651,666

Salaries & Benefits $2,496,819

Fundraising Expenses $156,701

Program Expenses $16,882,472

Other Expenses $3,230,723

TOTAL EXPENSES $20,379,208

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,424,786	$16,910,759	-0.1%
Expenses	$20,379,208	$17,931,059	+0.1%
Net Income	$-4,954,422	$-1,020,300	+3.9%

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

Volunteers

213

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

$473,868

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
UMA AVVA	CHAIR	2.00	Officer Director	$0	$0	$0
LAWRENCE CZARDA	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
JENNIFER HALL	TREASURER	1.00	Officer Director	$0	$0	$0
AFI JOHNSON-PARRIS	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID ALLEN	DIRECTOR	0.50	Director	$0	$0	$0
RHONDA ANDERSON	DIRECTOR	0.50	Director	$0	$0	$0
MARISSA BENTON-BROWN	DIRECTOR	0.50	Director	$0	$0	$0
KATTYA CASTELLON	DIRECTOR	0.50	Director	$0	$0	$0
CHERYL CATO BLAKEMORE	DIRECTOR	1.00	Director	$0	$0	$0
SAM CONE	DIRECTOR	1.00	Director	$0	$0	$0
BARRY FRANK	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN JAMES	DIRECTOR	1.00	Director	$0	$0	$0
RABBI ANDY KOREN	DIRECTOR	0.50	Director	$0	$0	$0
YULONDA LATHAM	DIRECTOR	0.50	Director	$0	$0	$0
ASHLEY MADDEN	DIRECTOR	0.50	Director	$0	$0	$0
KENDRICK MAYES	DIRECTOR (ENDED 5/31/23)	0.50	Director	$0	$0	$0
ANN MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
JOSE OLIVA	DIRECTOR	1.00	Director	$0	$0	$0
RODNEY OUZTS	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT POWELL	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL PRONT	DIRECTOR	1.00	Director	$0	$0	$0
TIM RICE	DIRECTOR	1.00	Director	$0	$0	$0
KAREN SCHOOLER	DIRECTOR	0.50	Director	$0	$0	$0
SUE SIMMONS	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN SMITH	DIRECTOR	0.50	Director	$0	$0	$0
ADRIAN STARKS	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE STEWART	DIRECTOR	0.50	Director	$0	$0	$0
JASON STRANGE	DIRECTOR	0.50	Director	$0	$0	$0
SUZANNE WALSH	DIRECTOR	0.50	Director	$0	$0	$0
H WALKER SANDERS	PRESIDENT	40.00	Officer	$273,268	$29,355	$302,623
MARCI H PEACE	CHIEF FINANCIAL OFFICER	40.00	Officer	$153,113	$18,132	$171,245
CATHY KNOWLES	VP DEVELOPMENT AND DONOR ENGAGEMENT	40.00	Highest	$138,342	$13,518	$151,860
ATHAN LINDSAY	VP GRANTS & INITIATIVES (TO 3/31/23)	40.00	Highest	$129,904	$10,810	$140,714
MARTIN ACEVEDO	VP MARKETING AND COMMUNICATIONS	40.00	Highest	$122,057	$16,847	$138,904
EMILY THOMPSON	AVP DONOR ENGAGEMENT	40.00	Highest	$110,880	$14,016	$124,896
MICHAEL HUMPHREY	VP OPERATIONS & EQUITY (TO 4/7/23)	40.00	Highest	$112,776	$10,836	$123,612

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
2024	No data	No data	No data	No data
2023	$15,424,786	$20,379,208	$260,104,007	$-4,954,422
2022	$16,910,759	$17,931,059	$230,177,025	$-1,020,300
2021	$40,395,887	$20,634,793	$268,212,461	$19,761,094
2020	$95,519,308	$37,141,608	$253,841,949	$58,377,700
2019	$26,286,477	$46,581,564	$187,941,645	$-20,295,087
2018	$22,505,569	$28,537,093	$182,592,230	$-6,031,524

COMMUNITY FOUNDATION OF GREATER GREENSBORO INC