The Airlie Gardens Foundation Inc (EIN 562153433) - 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

1999

Legal Domicile

Principal Officer

Eric Blaesing

Phone

9107987700

Tax Period

2023-07-01 to 2024-06-30

The Airlie Gardens Foundation Inc, founded in 1999, is a community nonprofit in the Environment sector that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $1.9M left a modest 8% surplus.

Mission

To establish an outstanding historical garden with cultural and educational programs for the citizens of and vistors to New Hanover County.

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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 $184,873

Program Service Revenue $1,661,052

Investment Income $167,264

Other Revenue $59,670

TOTAL REVENUE $2,072,859

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $314

Program Expenses $1,724,964

Other Expenses $1,914,649

TOTAL EXPENSES $1,914,649

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,072,859	$1,740,116	+0.2%
Expenses	$1,914,649	$888,223	+1.2%
Net Income	$158,210	$851,893	-0.8%

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

242

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
HANK ESTEP	Director	4.00	Director	$0	$0	$0
CATHERINE HOCKER	VICE CHAIR	4.00	Officer Director	$0	$0	$0
ERIC BLAESING	TREASURER/FY 2025 VICE CHAIR	4.00	Officer Director	$0	$0	$0
NIKKI BASCOME	DIRECTOR	1.00	Director	$0	$0	$0
SHANE JOHNSON	Secretary	1.00	Officer Director	$0	$0	$0
SANDRA RAY	DIRECTOR	1.00	Director	$0	$0	$0
ROB ZAPPLE	DIRECTOR	1.00	Director	$0	$0	$0
TEDDY DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
TED DAVIS JR	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE RIVENBARK	Director	1.00	Director	$0	$0	$0
JOHN E RUSS III	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CREED	Chair	4.00	Officer Director	$0	$0	$0
TARA DUCKWORTH	EXECUTIVE DIRECTOR	40.00	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	$2,072,859	$1,914,649	$9,753,350	$158,210
2023	$1,740,116	$888,223	$8,628,436	$851,893
2022	$1,652,860	$751,296	$7,193,887	$901,564
2021	$1,310,240	$726,687	$7,462,807	$583,553
2020	$1,082,514	$828,407	$5,103,331	$254,107
2019	$1,177,716	$818,902	$4,970,052	$358,814

The Airlie Gardens Foundation Inc