WNC BRIDGE FOUNDATION (EIN 562110357) - Form 990 Financial Analysis & Trantor Score

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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

1998

Legal Domicile

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

TO PROVIDE FUNDS TO ASSIST IN MEETING THE HEALTH CHALLENGES OF PEOPLE IN THE COMMUNITIES OF WESTERN NORTH CAROLINA AND TO EMPOWER NONPROFITS TO IMPACT INDIVIDUAL AND COMMUNITY WELLNESS IN THOSE COMMUNITIES.

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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 $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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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

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

$258,363

Total Directors

$258,363

Key Employees

Highest Compensated

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

WNC BRIDGE FOUNDATION