THE COMMUNITY FOUNDATION OF NC EAS… - Form 990 Financial Data

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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

1999

Legal Domicile

Principal Officer

MRS MELISSA SPAIN

Phone

2527568549

Tax Period

2023-01-01 to 2023-12-31

THE COMMUNITY FOUNDATION OF NC EAST INC, founded in 1999, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $7.3M in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum. Expenses of $6.2M left a modest 14% surplus.

Mission

THE COMMUNITY FOUNDATION OF NC EAST PROMOTES, ENABLES AND CELEBRATES PHILANTHROPHY IN EASTERN NORTH CAROLINA.

Program Service Accomplishments

Program 1

Expenses: $3,071,596

GRANTS AND SUPPORT PROVIDED TO LOCAL AND REGIONAL COMMUNITY AND CHARITABLE ORGANIZATIONS TO IMPROVE LIVING, WORKING, EDUCATION, AND ECONOMIC CONDITIONS.

Program 2

Expenses: $2,620,775

PROGRAM EXPENSES OF DONOR-ADVISED CHARITABLE FUNDS AND OPERATING EXPENSES DIRECTLY ATTRIBUTED TO THE ORGANIZATION'S MISSION.

Program 3

Expenses: $307,113

SCHOLARSHIPS ARE AWARDED TO LOCAL STUDENTS AND GRANTS TO THE GENERAL SCHOLARSHIP AND EDUCATIONAL FUNDS OF VARIOUS SCHOOLS. TUITION PAYMENTS FOR INDIVIDUALS ARE MADE DIRECTLY TO EDUCATIONAL...

SCHOLARSHIPS ARE AWARDED TO LOCAL STUDENTS AND GRANTS TO THE GENERAL SCHOLARSHIP AND EDUCATIONAL FUNDS OF VARIOUS SCHOOLS. TUITION PAYMENTS FOR INDIVIDUALS ARE MADE DIRECTLY TO EDUCATIONAL INSTITUTIONS.

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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 $6,681,168

Program Service Revenue $0

Investment Income $407,196

Other Revenue $194,716

TOTAL REVENUE $7,283,080

Expense Breakdown

Grants Paid $3,378,709

Salaries & Benefits $237,899

Fundraising Expenses $0

Program Expenses $5,999,484

Other Expenses $2,621,024

TOTAL EXPENSES $6,237,632

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,283,080	$3,890,255	+0.9%
Expenses	$6,237,632	$3,589,086	+0.7%
Net Income	$1,045,448	$301,169	+2.5%

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

Total Directors

$133,465

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MRS MELISSA SPAIN	CEO	40.00	Director	$133,465	$0	$133,465
MR JAMES L LANIER	DIRECTOR	1.00	Director	$0	$0	$0
MR WALTER BOLDEN	TREASURER	2.00	Officer Director	$0	$0	$0
MR RANDY TOSMIC	DIRECTOR	1.00	Director	$0	$0	$0
MS SIMMI PRASAD	DIRECTOR	1.00	Director	$0	$0	$0
MR MICAH BALL	SECRETARY	2.00	Officer Director	$0	$0	$0
DR MARY J RAAB	DIRECTOR	1.00	Director	$0	$0	$0
MR BARBOUR STRICKLAND	DIRECTOR	1.00	Director	$0	$0	$0
MR PJ CONNELLY JR	DIRECTOR	1.00	Director	$0	$0	$0
DR JOHN BRAY	DIRECTOR	1.00	Director	$0	$0	$0
DR FRANCIS G SERIO	PRESIDENT	2.00	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
2024	No data	No data	No data	No data
2023	$7,283,080	$6,237,632	$16,500,415	$1,045,448
2022	$3,890,255	$3,589,086	$14,267,102	$301,169
2021	$4,247,984	$2,247,998	$16,141,205	$1,999,986
2020	$3,206,698	$2,162,673	$13,709,416	$1,044,025
2019	$4,008,592	$2,460,492	$11,925,398	$1,548,100
2018	$2,377,480	$2,154,770	$9,376,595	$222,710

THE COMMUNITY FOUNDATION OF NC EAST INC