The Landfall Foundation Inc

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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

1995

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $582,572

Awarded $575,000 in total grants to 112 charitable organizations.

Program 2

Expenses: $107,573

Provided five charitable organizations with a total of $100,000 in capital improvement grants.

Program 3

Expenses: $21,736

Provided 24 educational scholarships.

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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 $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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

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