THE CORDA FOUNDATION

EIN: 562206344 501(c)(3) Arts, Culture & Humanities

CHAPEL HILL, NC

Total Revenue
$3,319,556
Total Expenses
$1,198,735
Total Assets
$3,493,221
Net Assets
$3,487,130
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
NC
Principal Officer
WOODROW E LOMAS II
Phone
9199330104
Tax Period
2025-01-01 to 2025-12-31

THE CORDA FOUNDATION, founded in 2000, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.3M in total revenue in fiscal year 2025. Revenue surged 2032% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 64% operating margin.

Mission

TO PROVIDE A VEHICLE FOR THE COMPILATION, STORAGE, PRESENTATION, PROMOTION AND EXHIBITION OF THE ARTISTIC AND INTELLECTUAL CREATIONS OF THE ARTIST, DAVID ROSENMANN-TAUB.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,914,613
Program Service Revenue $0
Investment Income $1,406,445
Other Revenue $-1,502
TOTAL REVENUE $3,319,556

Expense Breakdown

Grants Paid $1,000,000
Salaries & Benefits $44,000
Fundraising Expenses $0
Program Expenses $1,193,668
Other Expenses $154,735
TOTAL EXPENSES $1,198,735

Year-over-Year Comparison

2025 2024 Change
Revenue $3,319,556 $155,682 +20.3%
Expenses $1,198,735 $202,365 +4.9%
Net Income $2,120,821 $-46,683 -46.4%
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
11
Independent Members
10
Employees
N/A
Volunteers
N/A

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
3
$44,000
Total Directors
11
$44,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK C CRAWFORD DIRECTOR 5.00
Director
$0 $0 $0
TIMOTHY CROUSE DIRECTOR 8.00
Director
$0 $0 $0
BILLIE STRAUB DIRECTOR 15.00
Director
$0 $0 $0
HAROLD LINDENTHAL DIRECTOR 5.00
Director
$0 $0 $0
FERNANDO SARMIENTO DIRECTOR 20.00
Director
$0 $0 $0
ROBERT LINCOLN DIRECTOR 5.00
Director
$0 $0 $0
ROBERT LOSEE DIRECTOR 15.00
Director
$0 $0 $0
JOHN POPE DIRECTOR 10.00
Director
$0 $0 $0
VALERIE YOUNG SECRETARY 5.00
Officer Director
$0 $0 $0
VIRGINIA ODESSKY TREASURER 25.00
Officer Director
$44,000 $0 $44,000
WOODROW E LOMAS II PRESIDENT 20.00
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
2025 $3,319,556 $1,198,735 $3,493,221 $2,120,821
2024 $155,682 $202,365 $2,595,640 $-46,683
2023 $103,285 $246,119 $2,641,717 $-142,834
2022 $87,349 $236,322 $2,784,694 $-148,973
2021 $126,765 $306,825 $2,957,987 $-180,060
2020 $185,393 $294,478 $3,165,765 $-109,085
2019 $282,290 $351,316 $3,314,164 $-69,026
2018 $187,621 $368,757 $3,426,857 $-181,136
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