EDUCATIONAL FOUNDATION SCHOLARSHIP ENDOWMENT TRUST

EIN: 566094839 501(c)(3) Education

CHAPEL HILL, NC

Total Revenue
$19,702,991
Total Expenses
$16,848,333
Total Assets
$448,727,300
Net Assets
$448,727,300
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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
1968
Legal Domicile
NC
Principal Officer
JOHN MONTGOMERY
Phone
9198432000
Tax Period
2024-07-01 to 2025-06-30

EDUCATIONAL FOUNDATION SCHOLARSHIP ENDOWMENT TRUST, founded in 1968, is a mid-sized nonprofit in the Education sector that reported $19.7M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $16.8M left a modest 14% surplus.

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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 $2,161,096
Program Service Revenue $0
Investment Income $17,541,895
Other Revenue $0
TOTAL REVENUE $19,702,991

Expense Breakdown

Grants Paid $16,596,503
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $16,596,503
Other Expenses $251,830
TOTAL EXPENSES $16,848,333

Year-over-Year Comparison

2024 2023 Change
Revenue $19,702,991 $23,391,900 -0.2%
Expenses $16,848,333 $15,179,740 +0.1%
Net Income $2,854,658 $8,212,160 -0.7%
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
5
Independent Members
5
Employees
N/A
Volunteers
200

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
5
$1,584,254
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM CHEWNING INVESTMENT COMMITTEE MEMBER 0.00
Director
$0 $0 $0
LOWRY CAUDILL INVESTMENT COMMITTEE MEMBER 0.00
Director
$0 $0 $0
DWIGHT STONE INVESTMENT COMMITTEE MEMBER 0.00
Director
$0 $0 $0
FRANK BRENNER INVESTMENT COMMITTEE MEMBER 0.00
Director
$0 $0 $0
VAUGHN MOORE INVESTMENT COMMITTEE MEMBER 0.00
Director
$0 $0 $0
JOHN MONTGOMERY EXECUTIVE DIRECTOR 0.00
Officer
$0 $36,958 $590,661
DIANE ALDRIDGE CFO & GENERAL COUNSEL 0.00
Officer
$0 $30,566 $298,316
EMILY COBLE SENIOR DIRECTOR OF FINANCE 0.00
Officer
$0 $21,468 $141,403
KEN MACK SENIOR ASSOCIATE EXECUTIVE 0.00
Officer
$0 $36,278 $309,495
MATT TERRELL CHIEF STRATEGY & COMMUNICATIONS 0.00
Officer
$0 $31,060 $244,379
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 $19,702,991 $16,848,333 $448,727,300 $2,854,658
2024 $23,391,900 $15,179,740 $423,089,958 $8,212,160
2023 $25,424,536 $14,052,980 $390,931,229 $11,371,556
2022 $25,037,284 $12,994,195 $400,369,374 $12,043,089
2021 $25,351,334 $12,344,558 $389,903,195 $13,006,776
2020 $17,928,472 $11,748,217 $284,255,415 $6,180,255
2019 $21,579,390 $11,260,488 $287,135,487 $10,318,902
2018 $25,227,168 $10,931,913 $268,950,460 $14,295,255
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