NC STATE ENGINEERING FOUNDATION INC (EIN 566046987) - 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

1944

Legal Domicile

Principal Officer

ERIN DELEHANTY

Phone

9195137149

Tax Period

2024-07-01 to 2025-06-30

NC STATE ENGINEERING FOUNDATION INC, founded in 1944, is a mid-sized nonprofit in the Education sector that reported $38.5M in total revenue in fiscal year 2024. Revenue surged 180% from the prior year, signaling strong growth momentum. The organization ran a surplus of $26.8M, a strong 70% operating margin.

Mission

TO AID AND PROMOTE, BY FINANCIAL ASSISTANCE AND OTHERWISE, EDUCATIONAL, RESEARCH, AND EXTENSION IN THE COLLEGE OF ENGINEERING AT NORTH CAROLINA STATE UNIVERSITY

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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 (2024)

Revenue Breakdown

Contributions & Grants $33,717,539

Program Service Revenue $7,898

Investment Income $4,711,081

Other Revenue $32,129

TOTAL REVENUE $38,468,647

Expense Breakdown

Grants Paid $6,266,168

Salaries & Benefits $953,480

Fundraising Expenses $1,513,007

Program Expenses $10,018,923

Other Expenses $4,399,782

TOTAL EXPENSES $11,619,430

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,468,647	$13,727,584	+1.8%
Expenses	$11,619,430	$17,256,097	-0.3%
Net Income	$26,849,217	$-3,528,513	-8.6%

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

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

$1,042,307

Total Directors

$640,556

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRIFFIN LAMB	PRESIDENT	1.00	Officer Director	$0	$39,506	$270,984
DANA R HARRIS	TREASURER	1.00	Officer Director	$0	$79,282	$369,572
SCOTT STABLER	CHAIR	1.00	Officer Director	$0	$0	$0
HELENE LOLLIS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DEBORAH YOUNG	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
JOHN AMEIN	DIRECTOR SINCE 1/1/25	1.00	Director	$0	$0	$0
BOBBY BARNES	DIRECTOR	1.00	Director	$0	$0	$0
BHAVANA BARTHOLF	DIRECTOR	1.00	Director	$0	$0	$0
MARCUS BELVIN	DIRECTOR	1.00	Director	$0	$0	$0
KEISHA BICKHAM	DIRECTOR SINCE 1/1/25	1.00	Director	$0	$0	$0
JAMES BRINKLEY	DIRECTOR	1.00	Director	$0	$0	$0
RYAN BURKETT	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW COFFEE	DIRECTOR SINCE 1/1/25	1.00	Director	$0	$0	$0
WESLEY COVELL	DIRECTOR	1.00	Director	$0	$0	$0
STEFFANIE EASTER	DIRECTOR	1.00	Director	$0	$0	$0
BASIL HASSAN	DIRECTOR	1.00	Director	$0	$0	$0
JACOB HOOKS	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY MOORE	DIRECTOR	1.00	Director	$0	$0	$0
HAKAN OZISIK	DIRECTOR SINCE 1/1/25	1.00	Director	$0	$0	$0
DEVAL PARIKH	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW PITA	DIRECTOR	1.00	Director	$0	$0	$0
DAN PLEASANT	DIRECTOR SINCE 1/1/25	1.00	Director	$0	$0	$0
JENNIFER RHATIGAN	DIRECTOR	1.00	Director	$0	$0	$0
ANNA BETH SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JERRY TILLMAN	DIRECTOR SINCE 1/1/25	1.00	Director	$0	$0	$0
PAMELA TOWNSEND	DIRECTOR	1.00	Director	$0	$0	$0
RADHIKA VENKATRAMAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WAGNER	DIRECTOR	1.00	Director	$0	$0	$0
HANNIBAL WARREN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WHITLEY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WOLF	DIRECTOR SINCE 1/1/25	1.00	Director	$0	$0	$0
SAMUEL WURST	DIRECTOR	1.00	Director	$0	$0	$0
MARK WYATT	DIRECTOR	1.00	Director	$0	$0	$0
LINDA BUTLER	DIRECTOR UNTIL 12/31/24	1.00	Director	$0	$0	$0
DAVID DOVE	DIRECTOR UNTIL 12/31/24	1.00	Director	$0	$0	$0
SENECA JACOBS	DIRECTOR UNTIL 12/31/24	1.00	Director	$0	$0	$0
ROB LOFTIS	DIRECTOR UNTIL 12/31/24	1.00	Director	$0	$0	$0
JIM STEWART	DIRECTOR UNTIL 12/31/24	1.00	Director	$0	$0	$0
SARAH LAWLOR	SECRETARY	1.00	Officer	$0	$25,860	$152,532
ERIN DELEHANTY	ASSISTANT TREASURER	1.00	Officer	$0	$55,581	$249,219
WALTER PFAENDTNER	STAFF	1.00	Highest	$0	$56,517	$483,817
LAUREN WELCH	STAFF	1.00	Highest	$0	$48,217	$212,086

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	$38,468,647	$11,619,430	$224,915,190	$26,849,217
2024	$13,727,584	$17,256,097	$183,717,587	$-3,528,513
2023	$14,694,932	$11,267,640	$173,785,450	$3,427,292
2022	$18,412,442	$8,397,895	$172,988,383	$10,014,547
2021	$12,504,008	$23,344,881	$162,858,939	$-10,840,873
2020	$14,918,316	$29,892,612	$138,082,457	$-14,974,296
2019	$12,749,446	$8,722,499	$152,397,724	$4,026,947
2018	$31,079,856	$10,140,895	$143,428,235	$20,938,961

NC STATE ENGINEERING FOUNDATION INC