WNC BRIDGE FOUNDATION

EIN: 562110357 501(c)(3) Philanthropy & Grantmaking

ASHEVILLE, NC

Total Revenue
$4,463,165
Total Expenses
$8,053,497
Total Assets
$127,467,872
Net Assets
$116,259,194
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NC
Principal Officer
SCOTT BUCHANAN
Phone
8282774815
Tax Period
2023-01-01 to 2023-12-31

WNC BRIDGE FOUNDATION, founded in 1998, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.5M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $8.1M exceeded revenue, resulting in a 80% operating deficit.

Mission

WNC BRIDGE FOUNDATION EXISTS TO CONNECT OUR COMMUNITIES TO A HEALTHIER FUTURE AND TO CREATE LASTING CHANGE THROUGH LOCAL PARTNERSHIPS. OUR EFFORTS ARE FOCUSED ON EXPANDING ACCESS AND EQUITY FOR VULNERABLE POPULATIONS IN OUR COMMUNITIES.WE ARE A COMMUNITY-BASED CHARITABLE ORGANIZATION THAT WORKS TO PROVIDE FUNDS TO SUPPORT AND ASSIST IN MEETING THE MANY HEALTH CHALLENGES THAT FACE THE PEOPLE OF WNC. WE PROVIDE DIRECT SUPPORT AND ALSO EMPOWER CAREFULLY SELECTED NON-PROFITS TO IMPACT INDIVIDUAL AND COMMUNITY WELLNESS IN OUR COMMUNITIES THROUGHOUT THE WNC REGION.

Program Service Accomplishments

Program 1
Expenses: $1,667,212 Revenue: $125,514

WNC BRIDGE FOUNDATION INVESTED $3,295,285 IN GRANTS AND COMMUNITY INITIATIVES IN THE EIGHTEEN COUNTIES OF WESTERN NORTH CAROLINA.-$97,906 IN SAFE HOUSING AND FOOD INSECURITY (AIM GRANTS)-$445,643 IN...

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WNC BRIDGE FOUNDATION INVESTED $3,295,285 IN GRANTS AND COMMUNITY INITIATIVES IN THE EIGHTEEN COUNTIES OF WESTERN NORTH CAROLINA.-$97,906 IN SAFE HOUSING AND FOOD INSECURITY (AIM GRANTS)-$445,643 IN ADDITIONAL WNC BRIDGE COMMUNITY INITIATIVES (RATHBUN HOUSE, YOU'RE SPECIAL FUND, CHILDREN'S SERVICES FUND, HEALTH SCHOLARSHIPS AND WNC GREATEST NEEDS)-$512,000 IN REGIONAL INVESTMENTS (MOUNTAINCARE & SHILOH COMMUNITY)

Program 2
Expenses: $2,239,736

IMPACT GRANTS OF $2,239,736 WERE AWARDED TO LOCAL NON-PROFITS IN WNC.

Program 3
Revenue: $931,679

THE ORGANIZATION OPERATES A THRIFT STORE AND OFFERS ESTATE SALES. INCOME FROM THE THRIFT STORE AND COMMISSIONS FROM ESTATE SALES ARE INCLUDED IN REVENUE FROM THE SALE OF INVENTORY. THE COST OF GOODS...

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THE ORGANIZATION OPERATES A THRIFT STORE AND OFFERS ESTATE SALES. INCOME FROM THE THRIFT STORE AND COMMISSIONS FROM ESTATE SALES ARE INCLUDED IN REVENUE FROM THE SALE OF INVENTORY. THE COST OF GOODS SOLD FOR THE THRIFT STORE, $328,950, IS NETTED WITH REVENUE, $1,260,629.THE DONATIONS TO THE THRIFT STORE ARE NOT INCLUDED IN NON-CASH CONTRIBUTIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,135,970
Program Service Revenue $0
Investment Income $2,390,504
Other Revenue $936,691
TOTAL REVENUE $4,463,165

Expense Breakdown

Grants Paid $3,295,285
Salaries & Benefits $2,158,288
Fundraising Expenses $751,424
Program Expenses $3,906,948
Other Expenses $2,599,924
TOTAL EXPENSES $8,053,497

Year-over-Year Comparison

2023 2022 Change
Revenue $4,463,165 $5,813,436 -0.2%
Expenses $8,053,497 $8,723,889 -0.1%
Net Income $-3,590,332 $-2,910,453 +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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Governance

Voting Members
20
Independent Members
19
Employees
47
Volunteers
80

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
$258,363
Total Directors
20
$258,363
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT W BUCHANAN CEO & PRESIDENT 40.00
Officer Director
$221,000 $37,363 $258,363
DAVID W HART CHAIR 2.00
Officer Director
$0 $0 $0
MATT GROOME CPA CFP QPFC CHAIR-ELECT 2.00
Officer Director
$0 $0 $0
GAY P VINSON PAST-CHAIR 2.00
Officer Director
$0 $0 $0
H DENNISTON CREWS MD SECRETARY 2.00
Officer Director
$0 $0 $0
KERRY FRIEDMAN JD TREASURER 2.00
Officer Director
$0 $0 $0
KEVIN BAXTER DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH COZART DIRECTOR 1.00
Director
$0 $0 $0
EUGENE EDWARDS JR DIRECTOR 1.00
Director
$0 $0 $0
JUDY FUTCH DIRECTOR 1.00
Director
$0 $0 $0
DONNA HASTIE DIRECTOR 1.00
Director
$0 $0 $0
DAVID L HAYES DIRECTOR 1.00
Director
$0 $0 $0
JEAN LEE JD DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM N LEWIN CPA CGMA DIRECTOR 1.00
Director
$0 $0 $0
RENDI MANN-STADT JD DIRECTOR 1.00
Director
$0 $0 $0
SARAJANE MELTON MHS DIRECTOR 1.00
Director
$0 $0 $0
CATHERINE METZGER DIRECTOR 1.00
Director
$0 $0 $0
LOWELL PEARLMAN DIRECTOR 1.00
Director
$0 $0 $0
LARY A SCHULHOF MD DIRECTOR 1.00
Director
$0 $0 $0
KATE VOGEL DIRECTOR 1.00
Director
$0 $0 $0
JESSICA BENTLEY VICE PRESIDENT, FINANCE 40.00
Highest
$102,715 $20,639 $123,354
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 No data No data No data No data
2023 $4,463,165 $8,053,497 $127,467,872 $-3,590,332
2022 $5,813,436 $8,723,889 $118,883,660 $-2,910,453
2021 $12,380,465 $9,995,843 $146,559,840 $2,384,622
2020 $7,573,217 $10,635,891 $130,866,143 $-3,062,674
2019 $17,606,572 $7,021,809 $83,207,404 $10,584,763
2018 $11,134,342 $8,292,641 $74,633,415 $2,841,701
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