UNC HEALTH FOUNDATION INC

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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

1949

Legal Domicile

Principal Officer

JON ANGIER

Phone

9199661201

Tax Period

2023-07-01 to 2024-06-30

UNC HEALTH FOUNDATION INC, founded in 1949, is a mid-sized nonprofit in the Education sector that reported $62.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $624.0M represent 119 months of operating reserves.

Mission

AT UNC HEALTH FOUNDATION, WE INSPIRE PHILANTHROPIC SUPPORT FOR UNC HEALTH AND UNC SCHOOL OF MEDICINE THAT TRANSFORMS HEALTHCARE AND PROVIDES HOPE TO THE PEOPLE OF NORTH CAROLINA AND COMMUNITIES AROUND THE WORLD

Program Service Accomplishments

Program 1

Expenses: $53,710,361 Revenue: $904,417

ORIGINALLY CHARTERED IN 1949 AS THE MEDICAL FOUNDATION OF NORTH CAROLINA, INC., UNC HEALTH FOUNDATION FOSTERS PHILANTHROPIC SUPPORT OF CLINICAL CARE, RESEARCH AND EDUCATION FOR AREAS ACROSS UNC...

ORIGINALLY CHARTERED IN 1949 AS THE MEDICAL FOUNDATION OF NORTH CAROLINA, INC., UNC HEALTH FOUNDATION FOSTERS PHILANTHROPIC SUPPORT OF CLINICAL CARE, RESEARCH AND EDUCATION FOR AREAS ACROSS UNC HEALTH, INCLUDING UNC LINEBERGER COMPREHENSIVE CANCER CENTER, UNC CHILDREN'S, THE UNC SCHOOL OF MEDICINE AND MANY OTHER DIVISIONS, CENTERS AND INSTITUTES.AT UNC HEALTH FOUNDATION, WE WORK DILIGENTLY FOR THE MEDICALPROFESSIONALS AND HEALTH CARE PROVIDERS WHO IMPROVE HEALTH FOR ALL. WE POWER PHILANTHROPY TO SUPPORT THE HIGHEST QUALITY CLINICAL CARE, LIFE-CHANGING RESEARCH AND INNOVATIVE EDUCATION AT HOME AND AROUND THE WORLD.IN THE PAST FISCAL YEAR, THE FOUNDATION RECEIVED MORE THAN 25,000 GIFTS FROM OVER 20,000 DONORS. CULTIVATION AND STEWARDSHIP PROGRAMS ACROSS THE FOUNDATION INCLUDE RECOGNITION SOCIETIES, DONOR WALLS, ANNUAL REPORTS AND ENDOWMENT IMPACT REPORTS. THE DEVELOPMENT STAFF PERSONALLY ENGAGED WITH DONORS THROUGH PHONE CALLS AND VISITS, ALSO CULTIVATING RELATIONSHIPS THROUGH OUTREACH PROGRAMS AND EVENTS, BOTH ON AND OFF CAMPUS.THE UNC HEALTH FOUNDATION MANAGES OVER 1,600 FUNDS, COMPRISED OF ENDOWED, RESTRICTED AND UNRESTRICTED ACCOUNTS. THESE FUNDS SUPPORT THE EXISTING AND EMERGING NEEDS OF UNC HEALTH: RESEARCH, PATIENT CARE AND FAMILY SUPPORT, AND SCHOLARSHIPS.THE PHYSICIANS, SCIENTISTS AND RESEARCHERS AT UNC HEALTH CONSTANTLY STRIVE TO DISCOVER BETTER WAYS TO CARE FOR PATIENTS THROUGH PREVENTING AND TREATING DISEASE. THE FUNDS RAISED BY UNC HEALTH ARE ESSENTIAL TO THE CONTINUED SUCCESS AND PROJECTED NEED FOR BETTER ACCESS TO CARE, BETTER TREATMENTS AND BETTER OUTCOMES.

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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 $55,515,266

Program Service Revenue $0

Investment Income $6,659,837

Other Revenue $759,723

TOTAL REVENUE $62,934,826

Expense Breakdown

Grants Paid $53,710,361

Salaries & Benefits $5,077,024

Fundraising Expenses $5,807,867

Program Expenses $53,710,361

Other Expenses $6,525,037

TOTAL EXPENSES $65,312,422

Year-over-Year Comparison

	2023	2022	Change
Revenue	$62,934,826	$57,795,670	+0.1%
Expenses	$65,312,422	$59,596,819	+0.1%
Net Income	$-2,377,596	$-1,801,149	+0.3%

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

N/A

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

$593,838

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR CAM ENARSON MBA	DIRECTOR	1.00	Director	$0	$0	$0
DR FRED M DULA	DIRECTOR	1.00	Director	$0	$0	$0
DR JOHN A KIRKLAND JR	DIRECTOR - BOARD CHAIR	1.00	Officer Director	$0	$0	$0
DR LISA GILLESPIE	DIRECTOR	1.00	Director	$0	$0	$0
DR STEPHANIE DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
DR TERRI PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
MR BOB WINSTON	DIRECTOR	1.00	Director	$0	$0	$0
MR BRYAN LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
MR BUZZ HEIDT	DIRECTOR - TREASURER	1.00	Officer Director	$0	$0	$0
MR D RUSSELL HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
MR DANIEL DUFFY	DIRECTOR	1.00	Director	$0	$0	$0
MR E HOOPER HARDISON JR	DIRECTOR	1.00	Director	$0	$0	$0
MR ED MCMAHAN	DIRECTOR	1.00	Director	$0	$0	$0
MR EDWARD HOLMES	DIRECTOR	1.00	Director	$0	$0	$0
MR GRAY REED	DIRECTOR	1.00	Director	$0	$0	$0
MR J CARLTON SHOWALTER	DIRECTOR	1.00	Director	$0	$0	$0
MR RICHARD H MOORE	DIRECTOR	1.00	Director	$0	$0	$0
MR RONALD A BATCHELOR	DIRECTOR	1.00	Director	$0	$0	$0
MR SAM SIMPSON	DIRECTOR	1.00	Director	$0	$0	$0
MR STEVE SKOLSKY	DIRECTOR	1.00	Director	$0	$0	$0
MR VICTOR KATS	DIRECTOR	1.00	Director	$0	$0	$0
MR WELFORD TABOR	DIRECTOR	1.00	Director	$0	$0	$0
MS ANNE POWELL	DIRECTOR	1.00	Director	$0	$0	$0
MS BILLIE STALLINGS	DIRECTOR	1.00	Director	$0	$0	$0
MS JOYCE POPE	DIRECTOR	1.00	Director	$0	$0	$0
MS KAREN ALBRITTON	DIRECTOR	1.00	Director	$0	$0	$0
MS MACHELLE SANDERS	DIRECTOR	1.00	Director	$0	$0	$0
MS MARGARET DE ST AUBIN	DIRECTOR	1.00	Director	$0	$0	$0
MS MELISSA DANIELS	DIRECTOR	1.00	Director	$0	$0	$0
MS SHAWNA CANNON LEMON	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE H NELSON-BERNIER	CHIEF PHILANTHROPY & PRES	40.00	Officer	$436,654	$66,487	$503,141
JON ANGIER	CFO	40.00	Officer	$82,872	$7,825	$90,697
ROBERT MATTHEW CAIN	SNR EX DIR DEVELOP	40.00	Highest	$178,500	$32,032	$210,532
MARTIN ALEXANDER BAUCOM	VP, TRANSFORMATIONAL GIVING	40.00	Highest	$249,674	$41,970	$291,644
AIME C MITCHELL	EX DIR OPERATIONS	40.00	Highest	$173,435	$31,325	$204,760
KARA RAYNOR	VP FOR PHILANTHROPY	40.00	Highest	$176,500	$31,776	$208,276
ELIZABETH H GALL	AVP FOR PHILANTHROPY	40.00	Highest	$209,926	$36,420	$246,346

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	No data	No data	No data	No data
2024	$62,934,826	$65,312,422	$629,790,542	$-2,377,596
2024	$62,934,826	$65,312,422	$629,790,542	$-2,377,596
2023	$57,795,670	$59,596,819	$578,700,034	$-1,801,149
2022	$92,147,897	$39,678,471	$571,825,040	$52,469,426
2021	$71,596,101	$31,167,485	$539,743,727	$40,428,616
2019	$65,309,666	$28,306,892	$398,675,641	$37,002,774