The Winston-Salem Foundation

EIN: 566037615 501(c)(3) Philanthropy & Grantmaking

WinstonSalem, NC

Total Revenue
$73,014,325
Total Expenses
$91,071,721
Total Assets
$641,591,558
Net Assets
$639,660,769
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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
1919
Legal Domicile
NC
Phone
3367252382
Tax Period
2023-01-01 to 2023-12-31

The Winston-Salem Foundation, founded in 1919, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $73.0M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $91.1M exceeded revenue, resulting in a 25% operating deficit.

Mission

Community Foundation (see P.2, Form 990, Part III for additional information)

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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 (2023)

Revenue Breakdown

Contributions & Grants $38,715,598
Program Service Revenue $93,986
Investment Income $34,204,741
Other Revenue $0
TOTAL REVENUE $73,014,325

Expense Breakdown

Grants Paid $83,250,706
Salaries & Benefits $4,100,803
Fundraising Expenses $1,490,688
Program Expenses $84,982,029
Other Expenses $3,720,212
TOTAL EXPENSES $91,071,721

Year-over-Year Comparison

2023 2022 Change
Revenue $73,014,325 $62,200,081 +0.2%
Expenses $91,071,721 $84,263,784 +0.1%
Net Income $-18,057,396 $-22,063,703 -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

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Governance

Voting Members
13
Independent Members
13
Employees
36
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
8
$1,158,956
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Chair 1.0
Officer Director
$0 $0 $0
N/A Treasurer/Committee Member 1.0
Officer Director
$0 $0 $0
N/A Secretary/Committee Member 1.0
Officer Director
$0 $0 $0
N/A Committee Member 1.0
Director
$0 $0 $0
N/A Committee Member 1.0
Director
$0 $0 $0
N/A Committee Member 1.0
Director
$0 $0 $0
N/A Committee Member 1.0
Director
$0 $0 $0
N/A Committee Member 1.0
Director
$0 $0 $0
N/A Committee Member 1.0
Director
$0 $0 $0
N/A Committee Member 1.0
Director
$0 $0 $0
N/A Committee Member 1.0
Director
$0 $0 $0
N/A Committee Member 1.0
Director
$0 $0 $0
N/A Committee Member 1.0
Director
$0 $0 $0
N/A Trustee 1.0
$0 $0 $0
N/A Trustee 1.0
$0 $0 $0
N/A Trustee 1.0
$0 $0 $0
N/A Director, Strategic Initiatives 40.0
Officer
$153,889 $38,936 $192,825
N/A VP, Philanthropic Services 40.0
Officer
$174,663 $32,952 $207,615
N/A VP, Finance 40.0
Officer
$203,304 $35,393 $238,697
N/A President 40.0
Officer
$281,834 $65,435 $347,269
N/A VP, Development & Donor Services 40.0
Officer
$163,010 $9,540 $172,550
N/A Controller 40.0
Highest
$116,002 $35,617 $151,619
N/A Director, Marketing & Communications 40.0
Highest
$109,765 $33,959 $143,724
N/A Director, Information Systems & Technology 40.0
Highest
$120,489 $41,834 $162,323
N/A Philanthropic Advisor 40.0
Highest
$104,401 $24,404 $128,805
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 $73,014,325 $91,071,721 $641,591,558 $-18,057,396
2022 $62,200,081 $84,263,784 $629,191,522 $-22,063,703
2021 $216,140,511 $86,589,942 $744,028,025 $129,550,569
2020 $114,585,898 $131,728,306 $588,201,555 $-17,142,408
2019 $52,612,576 $65,320,482 $564,558,427 $-12,707,906
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