Episcopal Foundation of Western NC (EIN 566059247) - 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

1963

Legal Domicile

Principal Officer

Matthew Henry

Phone

8282256656

Tax Period

2024-01-01 to 2024-12-31

Episcopal Foundation of Western NC, founded in 1963, is a small nonprofit in the Religion sector that reported $709K in total revenue in fiscal year 2024. Revenue surged 564% from the prior year, signaling strong growth momentum. The organization ran a surplus of $557K, a strong 79% operating margin.

Mission

To foster, develop and contribute to the support of religious, educational and charitable work of the Episcopal Church Diocese of WNC and elsewhere through grants, loans and gifts to agency bodies affiliated with the Church.

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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 $2,181

Program Service Revenue $0

Investment Income $706,828

Other Revenue $0

TOTAL REVENUE $709,009

Expense Breakdown

Grants Paid $133,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $148,835

Other Expenses $19,103

TOTAL EXPENSES $152,103

Year-over-Year Comparison

	2024	2023	Change
Revenue	$709,009	$106,754	+5.6%
Expenses	$152,103	$200,011	-0.2%
Net Income	$556,906	$-93,257	-7.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rt Rev Jose McLoughlin	Chair	1.00	Officer Director	$0	$0	$0
Jo Ann Hasskamp	President	1.00	Officer Director	$0	$0	$0
Dillon Manly	Treasurer	1.00	Officer Director	$0	$0	$0
Dale Ward	Secretary	1.00	Officer Director	$0	$0	$0
John Russell	Board Member	1.00	Director	$0	$0	$0
Allen Fullwood	Board Member	0.50	Director	$0	$0	$0
Matt Henry	Board Member	0.50	Director	$0	$0	$0
Stan Allison	Board Member	0.50	Director	$0	$0	$0
Jane Erickson	Board Member	0.50	Director	$0	$0	$0
Lee Berger	Board Member	0.50	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
2024	$709,009	$152,103	$3,627,440	$556,906
2023	$106,754	$200,011	$3,331,958	$-93,257
2022	$387	$133,901	$3,086,582	$-133,514
2021	$289,344	$74,153	$3,828,550	$215,191
2020	$233,995	$154,396	$3,260,409	$79,599
2019	$55,026	$87,924	$2,889,838	$-32,898
2018	$283,635	$46,571	$2,481,371	$237,064

Episcopal Foundation of Western NC