THE UNIVERSITY OF NORTH CAROLINA FOUNDATION INC

EIN: 562180508 501(c)(3) Education

RALEIGH, NC

Total Revenue
$7,905,021
Total Expenses
$6,703,893
Total Assets
$47,443,167
Net Assets
$18,550,735
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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
NC
Principal Officer
MICHAEL VOLLMER
Phone
9198278506
Tax Period
2024-07-01 to 2025-06-30

THE UNIVERSITY OF NORTH CAROLINA FOUNDATION INC, founded in 1999, is a community nonprofit in the Education sector that reported $7.9M in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.2M, a strong 15% operating margin.

Mission

SUPPORT THE MISSION OF THE 17-CAMPUS UNIVERSITY OF NORTH CAROLINA SYSTEM.

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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 $1,871,004
Program Service Revenue $1,587,337
Investment Income $573,943
Other Revenue $3,872,737
TOTAL REVENUE $7,905,021

Expense Breakdown

Grants Paid $1,646,678
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,594,092
Other Expenses $5,057,215
TOTAL EXPENSES $6,703,893

Year-over-Year Comparison

2024 2023 Change
Revenue $7,905,021 $17,063,487 -0.5%
Expenses $6,703,893 $5,234,037 +0.3%
Net Income $1,201,128 $11,829,450 -0.9%
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
10
Independent Members
3
Employees
N/A
Volunteers
3

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
1
$0
Total Directors
10
$2,434,415
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER HANS DIRECTOR 1.00
Director
$0 $8,395 $456,214
ANDREW T TRIPP DIRECTOR 1.00
Director
$0 $15,271 $418,142
DAVID ENGLISH DIRECTOR 1.00
Director
$0 $16,953 $333,266
MICHAEL VOLLMER DIRECTOR 1.00
Director
$0 $8,767 $354,551
JENNIFER HAYGOOD DIRECTOR 1.00
Director
$0 $8,695 $354,940
SHUN ROBERTSON DIRECTOR 1.00
Director
$0 $8,695 $263,330
ANDREA POOLE DIRECTOR 1.00
Director
$0 $8,926 $253,972
J ALEX MITCHELL EX OFFICIO DIRECTOR 0.00
Director
$0 $0 $0
WENDY F MURPHY CHAIR 1.00
Officer Director
$0 $0 $0
KIRK J BRADLEY EX OFFICIO DIRECTOR 0.00
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 $7,905,021 $6,703,893 $47,443,167 $1,201,128
2024 $17,063,487 $5,234,037 $48,500,707 $11,829,450
2023 $5,823,316 $4,457,286 $40,361,879 $1,366,030
2022 $736,089 $1,496,789 $7,712,999 $-760,700
2021 $2,591,553 $711,802 $9,403,611 $1,879,751
2020 $15,063 $73,697 $4,839,857 $-58,634
2019 $306,404 $1,498,131 $3,977,099 $-1,191,727
2018 $1,779,789 $324,877 $2,147,623 $1,454,912
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