THE LORD FOUNDATION OF NORTH CAROLINA (EIN 561415423) - 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

1984

Legal Domicile

Principal Officer

H KIRK UNRUH JR

Phone

9196842006

Tax Period

2021-07-01 to 2022-06-30

THE LORD FOUNDATION OF NORTH CAROLINA, founded in 1984, is a small nonprofit that reported $705K in total revenue in fiscal year 2021. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $272K, a strong 39% operating margin.

Mission

PROVIDE FINANCIAL ASSISTANCE TO DUKE UNIVERSITY FOR THE SUPPORT OF SELECTED RESEARCH, TEACHING, OR OTHER ACADEMIC PROGRAMS IN SELECT ENGINEERING FIELDS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $705,278

Other Revenue $0

TOTAL REVENUE $705,278

Expense Breakdown

Grants Paid $303,941

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $303,941

Other Expenses $128,956

TOTAL EXPENSES $432,897

Year-over-Year Comparison

	2021	2020	Change
Revenue	$705,278	$641,441	+0.1%
Expenses	$432,897	$19,081,851	-1.0%
Net Income	$272,381	$-18,440,410	-1.0%

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

N/A

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

$1,958,940

Total Directors

$1,889,509

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SALLY KORNBLUTH	DIRECTOR/CHAIRMAN	0.10	Officer Director	$0	$47,263	$1,066,669
JUDGE ROBERT WINSTON CARR JR	DIRECTOR/EXECUTIVE DIRECTOR	0.10	Officer Director	$0	$49,492	$333,208
FRED MCCORKLE	DIRECTOR	0.10	Director	$0	$0	$0
PATRICK J FINNERAN JR	DIRECTOR	0.10	Director	$0	$0	$0
MARTHA MONSERRATE	DIRECTOR	0.10	Director	$0	$0	$0
H KIRK UNRUH JR	DIRECTOR/PRESIDENT	0.10	Officer Director	$0	$0	$0
JEFFREY GLASS	DIRECTOR	0.10	Director	$0	$57,874	$489,632
RAVI V BELLAMKONDA	SECRETARY	0.10	Officer	$0	$41,811	$299,257
SUSAN L BONIFIELD	TREASURER	0.10	Officer	$0	$33,642	$259,806

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
2022	$705,278	$432,897	$22,216,024	$272,381
2022	$17,835,699	$21,919,540	No data	$-4,083,841
2021	$641,441	$19,081,851	$23,094,681	$-18,440,410
2020	$260,177,139	$266,633,115	$33,947,928	$-6,455,976
2019	$1,876,030	$1,537,932	$235,754,941	$338,098

THE LORD FOUNDATION OF NORTH CAROLINA