High Point Community Foundation

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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

1990

Legal Domicile

Phone

3368823298

Tax Period

2023-07-01 to 2024-06-30

High Point Community Foundation, founded in 1990, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $7.3M exceeded revenue, resulting in a 504% operating deficit.

Mission

THE HIGH POINT COMMUNITY FOUNDATION IS A CATALYST FOR POSITIVE CHANGE THAT PROMOTES PHILANTHROPY, ADMINISTERS AN EXPANDING GRANTS PROGRAM AND SERVES AS A TRUSTWORTHY PARTNER IN RESPONDING TO COMMUNITY NEEDS. OUR VISION IS TO ESTABLISH AND SUSTAIN A PERMANENT FINANCIAL RESOURCE THAT SUPPORTS A DIVERSE, HEALTHY, AND PRODUCTIVE COMMUNITY FOR BOTH PRESENT AND FUTURE GENERATIONS.

Program Service Accomplishments

Program 1

Expenses: $6,059,271

The High Point Community Foundation's main program is to provide grants to local nonprofit organizations. To that end in this fiscal year the Annual Grants Program granted over $500,000. The Heart of High Point Initiative Fund granted funds to nonprofit organizations providing basic needs for emergencies that might shut down operations. The Women's Fund of High Point awarded grants totaling $48,370 to nonprofits specifically benefitting women in the greater High Point community. The HPCF also maintains donor advised funds through which $5,178,800 was granted to other nonprofit organizations both locally and nationally.

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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 $6,121,255

Program Service Revenue $0

Investment Income $-4,937,660

Other Revenue $20,919

TOTAL REVENUE $1,204,514

Expense Breakdown

Grants Paid $5,871,845

Salaries & Benefits $620,628

Fundraising Expenses $391,890

Program Expenses $6,059,271

Other Expenses $786,882

TOTAL EXPENSES $7,279,355

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,204,514	$11,126,941	-0.9%
Expenses	$7,279,355	$6,610,213	+0.1%
Net Income	$-6,074,841	$4,516,728	-2.3%

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

$313,199

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Barry Safrit	Chair	2.0	Officer Director	$0	$0	$0
John Bencini	Past Chair	2.0	Officer Director	$0	$0	$0
William Laney	Vice-Chair	1.0	Officer Director	$0	$0	$0
Amber Williamson	Trustee	1.0	Director	$0	$0	$0
Angela Krienbrink	Trustee	1.0	Director	$0	$0	$0
David Covington	Trustee	1.0	Director	$0	$0	$0
Dawn Spencer	Trustee	1.0	Director	$0	$0	$0
Joe Blosser	Trustee	1.0	Director	$0	$0	$0
John Thomas	Trustee	1.0	Director	$0	$0	$0
Mark Nelson	Secretary/Treasurer	1.0	Director	$0	$0	$0
Rachel Moss-Collins	Trustee	1.0	Director	$0	$0	$0
Raven Jefferson	Trustee	1.0	Director	$0	$0	$0
Robin Lindsay	Trustee	1.0	Director	$0	$0	$0
Rufus Yates	Trustee	1.0	Director	$0	$0	$0
Stephanie Young	Trustee	1.0	Director	$0	$0	$0
Tasha Logan Ford	Trustee	1.0	Director	$0	$0	$0
Teresa Huffman	Trustee	1.0	Director	$0	$0	$0
Tim Ilderton	Trustee	1.0	Director	$0	$0	$0
Zach Barnes	Trustee	1.0	Director	$0	$0	$0
Karol Murks	Chief Financial Officer	40.0	Officer	$108,169	$4,327	$112,496
Paul Lessard	President	40.0	Officer	$192,984	$7,719	$200,703

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	No data	No data	No data	No data
2024	$1,204,514	$7,279,355	$115,428,557	$-6,074,841
2023	$11,126,941	$6,610,213	$106,439,974	$4,516,728
2022	$12,506,191	$17,623,339	$96,266,363	$-5,117,148
2021	$15,683,587	$29,189,185	$116,708,881	$-13,505,598
2020	$14,778,667	$14,093,224	$114,170,503	$685,443
2019	$15,972,681	$19,689,844	$113,315,150	$-3,717,163
2018	$47,855,334	$9,992,112	$115,543,555	$37,863,222