The Winston-Salem Foundation

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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

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

We inspire giving and link resources to action, strengthening Forsyth County now and forever.

Program Service Accomplishments

Program 1

Expenses: $84,293,753 Revenue: $58,058

Grant program - administering approximately 1,060 endowed funds and 573 temporary funds as well as providing advisory services for the benefit of various cultural, educational, health, social, and...

Grant program - administering approximately 1,060 endowed funds and 573 temporary funds as well as providing advisory services for the benefit of various cultural, educational, health, social, and religious organizations in the community. Includes scholarships primarily to Forsyth County residents upon approval by an advisory committee under the Foundation's guidance.

Program 2

Expenses: $688,276 Revenue: $35,928

Focused initiatives to increase philanthropy among African Americans, women, and youth. Advisory committees and giving circles utilized to promote philanthropy and to award grants deemed applicable.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$1,158,956

Total Directors

Key Employees

Highest Compensated

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