Lowes Foundation

EIN: 566061689 501(c)(3) Education

Mooresville, NC

Total Revenue
$25,271,969
Total Expenses
$22,777,025
Total Assets
$18,775,075
Net Assets
$17,141,424
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
NC
Principal Officer
David R Green
Phone
7048800058
Tax Period
2024-02-01 to 2025-01-31

Lowes Foundation, founded in 1957, is a mid-sized nonprofit in the Education sector that reported $25.3M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $22.8M left a modest 10% surplus.

Mission

The Organizations purpose is to provide funding for nonprofit organizations and public agencies that have the greatest impact on safe and affordable housing skilled trade education and community improvement.

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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 (2024)

Revenue Breakdown

Contributions & Grants $31,265,117
Program Service Revenue $0
Investment Income $799,442
Other Revenue $-6,792,590
TOTAL REVENUE $25,271,969

Expense Breakdown

Grants Paid $17,825,150
Salaries & Benefits $1,425,465
Fundraising Expenses $442,923
Program Expenses $20,315,706
Other Expenses $3,526,410
TOTAL EXPENSES $22,777,025

Year-over-Year Comparison

2024 2023 Change
Revenue $25,271,969 $19,566,102 +0.3%
Expenses $22,777,025 $22,793,917 0.0%
Net Income $2,494,944 $-3,227,815 -1.8%
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
12
Independent Members
12
Employees
N/A
Volunteers
50

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
4
$0
Total Directors
13
$0
Key Employees
1
$221,522
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Janice Dupre Chair 3.00
Officer Director
$0 $0 $0
David R Green Trustee Treasurer 3.00
Officer Director
$0 $0 $0
David Shoop Trustee 1.00
Director
$0 $0 $0
Margi Vagell SVP Vice Chairman 3.00
Officer Director
$0 $0 $0
Erica Irvin Secretary 2.00
Officer
$0 $0 $0
Jason Rutherford Trustee 1.00
Director
$0 $0 $0
Donna Neale Trustee 1.00
Director
$0 $0 $0
Brad Hardy Trustee 1.00
Director
$0 $0 $0
Steffani McLean Trustee 1.00
Director
$0 $0 $0
Gerado Soto Aycinena Trustee 1.00
Director
$0 $0 $0
Kyle Guenther Trustee 1.00
Director
$0 $0 $0
Jana Barresi Trustee 1.00
Director
$0 $0 $0
Elizabeth Conway Director 40.00
Key Emp
$184,715 $36,807 $221,522
Lauren Norman Sr Manager 40.00
Highest
$134,862 $26,466 $161,328
Diana Castaneda Manager 40.00
Highest
$118,630 $12,540 $131,170
Sebastian Hale Manager 40.00
Highest
$117,680 $15,341 $133,021
Ashley Schroeder Manager 40.00
Highest
$117,654 $5,149 $122,803
Delaney Osterday Manager 40.00
Highest
$111,692 $2,778 $114,470
Javi Cano Trustee 1.00
Director
$0 $0 $0
Nick Masi Trustee 1.00
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
2025 $25,271,969 $22,777,025 $18,775,075 $2,494,944
2024 $19,566,102 $22,793,917 $16,296,593 $-3,227,815
2023 $15,875,960 $2,489,474 $18,802,670 $13,386,486
2022 $2,155,365 $4,642,232 $8,794,184 $-2,486,867
2021 $10,106,970 $8,372,856 $10,537,051 $1,734,114
2020 $4,876,039 $1,090,486 $5,298,937 $3,785,553
2019 $3,095,831 $3,199,664 $1,513,384 $-103,833
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