THE NUSSBAUM CENTER FOR ENTREPRENE… - 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

1987

Legal Domicile

Principal Officer

SAM FUNCHESS

Phone

3363795001

Tax Period

2024-01-01 to 2024-12-31

THE NUSSBAUM CENTER FOR ENTREPRENEURSHIP INC, founded in 1987, is a community nonprofit in the Community Improvement sector that reported $7.4M in total revenue in fiscal year 2024. Revenue surged 502% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.2M, a strong 83% operating margin.

Mission

FURTHER ECONOMIC DEVELOPMENT AND SOCIAL WELFARE IN GREENSBORO AND SURROUNDING AREAS WITH EMPHASIS ON PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF SMALL BUSINESSES.

Program Service Accomplishments

Program 1

Expenses: $1,038,981 Revenue: $643,283

OPERATES AN INCUBATOR FACILITY TO ASSIST NON-RETAIL EMERGING AND START-UP ENTERPRISES BY PROVIDING LOW COST, FURNISHED OFFICE AND LIGHT MANUFACTURING SPACE ALONG WITH SHARED SUPPORT SERVICES...

OPERATES AN INCUBATOR FACILITY TO ASSIST NON-RETAIL EMERGING AND START-UP ENTERPRISES BY PROVIDING LOW COST, FURNISHED OFFICE AND LIGHT MANUFACTURING SPACE ALONG WITH SHARED SUPPORT SERVICES INCLUDING RECEPTIONIST, CONSULTING, AND SECRETARIAL SERVICES. BY ASSISTING THESE NEW BUSINESSES IN BECOMING SUCCESSFUL ENTITIES, THE CENTER OFFERS ENHANCED EMPLOYMENT OPPORTUNITES AND OTHER ECONOMIC BENEFITS TO THE GREATER GREENSBORO AREA.

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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 $6,667,942

Program Service Revenue $643,283

Investment Income $105,369

Other Revenue $0

TOTAL REVENUE $7,416,594

Expense Breakdown

Grants Paid $0

Salaries & Benefits $358,462

Fundraising Expenses $62,908

Program Expenses $1,038,981

Other Expenses $895,256

TOTAL EXPENSES $1,253,718

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,416,594	$1,232,525	+5.0%
Expenses	$1,253,718	$1,127,585	+0.1%
Net Income	$6,162,876	$104,940	+57.7%

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

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

$243,245

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY FRANK	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
GEORGE LOTHIAN	BOARD VICE CHAIR	5.00	Officer Director	$0	$0	$0
ZAC ENGLE	TREASURER	5.00	Officer Director	$0	$0	$0
ANDREA BUNN	SECRETARY	5.00	Officer Director	$0	$0	$0
JOHN BENJAMIN BROWN	DIRECTOR	2.00	Director	$0	$0	$0
CHARLIE MELVIN JR	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES YOUNCE	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT LEIGHTY	DIRECTOR	2.00	Director	$0	$0	$0
WILSON LESTER	DIRECTOR	2.00	Director	$0	$0	$0
JOHNNY WOOD	DIRECTOR	2.00	Director	$0	$0	$0
ANDY SCOTT	DIRECTOR	2.00	Director	$0	$0	$0
RODNEY ROBERTS	DIRECTOR	2.00	Director	$0	$0	$0
MARCUS THOMAS	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN COOKE	DIRECTOR	2.00	Director	$0	$0	$0
ODELL CLEVELAND	DIRECTOR	2.00	Director	$0	$0	$0
SAM FUNCHESS	CHIEF EXECUTIVE OFFICER	40.00	Officer	$145,702	$0	$145,702
LISA HAZLETT	PRESIDENT	40.00	Officer	$97,543	$0	$97,543

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	$7,416,594	$1,253,718	$12,658,905	$6,162,876
2023	$1,232,525	$1,127,585	$8,035,969	$104,940
2022	$738,990	$862,456	$7,131,350	$-123,466
2021	$1,124,383	$861,482	$5,252,016	$262,901
2020	$796,478	$880,264	$5,072,703	$-83,786
2019	$729,539	$961,611	$5,702,157	$-232,072
2018	$3,685,211	$1,253,923	$5,891,747	$2,431,288

THE NUSSBAUM CENTER FOR ENTREPRENEURSHIP INC