Greensboro College Foundation

EIN: 562077641 501(c)(3) Education

GREENSBORO, NC

Total Revenue
$34,522
Total Expenses
$75,519
Total Assets
$1,843,672
Net Assets
$1,802,820
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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
1997
Legal Domicile
NC
Phone
3362727102
Tax Period
2024-07-01 to 2025-06-30

Greensboro College Foundation, founded in 1997, is a micro nonprofit in the Education sector that reported $35K in total revenue in fiscal year 2024. Expenses of $76K exceeded revenue, resulting in a 119% operating deficit.

Mission

GREENSBORO COLLEGE FOUNDATION WAS FORMED TO SUPPORT THE EXEMPT PURPOSES OF GREENSBORO COLLEGE.

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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 $0
Program Service Revenue $0
Investment Income $34,522
Other Revenue $0
TOTAL REVENUE $34,522

Expense Breakdown

Grants Paid $69,328
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $75,519
Other Expenses $6,191
TOTAL EXPENSES $75,519

Year-over-Year Comparison

2024 2023 Change
Revenue $34,522 $33,568 +0.0%
Expenses $75,519 $78,982 0.0%
Net Income $-40,997 $-45,414 -0.1%
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
5
Independent Members
3
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
6
$242,176
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Beth Fonorow President 1.0
Officer Director
$0 $0 $0
Emily Scott 2nd Vice President 1.0
Officer Director
$0 $0 $0
Lynn Lane 1st Vice President 1.0
Officer Director
$0 $0 $0
Sheila Barber Secretary 1.0
Officer Director
$0 $0 $0
Tom Clawson Treasurer 1.0
Officer Director
$0 $0 $0
Dr Lawrence Czarda College President 1.0
Officer
$0 $0 $242,176
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 $34,522 $75,519 $1,843,672 $-40,997
2024 $33,568 $78,982 $1,897,296 $-45,414
2023 $32,278 $78,227 $1,761,130 $-45,949
2022 $26,147 $91,272 $1,651,066 $-65,125
2021 $119,315 $54,204 $2,009,357 $65,111
2020 $85,103 $60,962 $1,586,234 $24,141
2019 $101,223 $56,555 $1,602,270 $44,668
2018 $79,269 $56,537 $1,564,671 $22,732
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