The Landfall Foundation Inc

EIN: 561939554 501(c)(3) Philanthropy & Grantmaking

Wilmington, NC

Total Revenue
$791,573
Total Expenses
$716,808
Total Assets
$974,985
Net Assets
$967,284
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
NC
Phone
9152037511
Tax Period
2024-01-01 to 2024-12-31

The Landfall Foundation Inc, founded in 1995, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $792K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $717K left a modest 9% surplus.

Mission

To provide funds to local non-profit organizations and schools serving Brunswick, New Hanover and Pender counties in North Carolina for programs and projects that provide for the arts, education, and health and welfare.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $673,761
Program Service Revenue $0
Investment Income $64,386
Other Revenue $53,426
TOTAL REVENUE $791,573

Expense Breakdown

Grants Paid $689,164
Salaries & Benefits $0
Fundraising Expenses $645
Program Expenses $711,881
Other Expenses $27,644
TOTAL EXPENSES $716,808

Year-over-Year Comparison

2024 2023 Change
Revenue $791,573 $727,481 +0.1%
Expenses $716,808 $663,839 +0.1%
Net Income $74,765 $63,642 +0.2%
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

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
13

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
4
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Earl Board MemberOperations 1.00
Director
$0 $0 $0
Christina Whalen Board MemberEvents 3.00
Director
$0 $0 $0
Jane Carlson Board MemberMarketing 2.00
Director
$0 $0 $0
Alison Bernhart Board Member 1.00
Director
$0 $0 $0
Deloris Rhodes Board Member 1.00
Director
$0 $0 $0
Lisa Theirault Board MemberTechnology 1.00
Director
$0 $0 $0
Sheri Mercer Board Member 1.00
Director
$0 $0 $0
Phil Ley Board Member 1.00
Director
$0 $0 $0
Darcee Strube Board Member 1.00
Director
$0 $0 $0
Denise Baer Treasurer 5.00
Officer Director
$0 $0 $0
Bob Harootyan Secretary 1.00
Officer Director
$0 $0 $0
Karin Carson Assistant Treasurer 3.00
Officer Director
$0 $0 $0
Dan Levine Board President 3.00
Officer Director
$0 $0 $0
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 $791,573 $716,808 $974,985 $74,765
2023 $727,481 $663,839 $900,960 $63,642
2022 $680,233 $586,396 $830,541 $93,837
2021 $710,915 $471,656 $833,250 $239,259
2020 $648,591 $513,777 $575,983 $134,814
2019 $519,153 $458,701 $418,800 $60,452
2018 $446,097 $517,054 $329,411 $-70,957
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