CENTRAL CAROLINA COMMUNITY FOUNDAT… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

GEORGIA MJARTAN

Phone

8032545601

Tax Period

2022-07-01 to 2023-06-30

CENTRAL CAROLINA COMMUNITY FOUNDATION, founded in 1984, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $31.8M in total revenue in fiscal year 2022. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $10.6M, a strong 33% operating margin.

Mission

OUR MISSION IS TO PROMOTE, FACILITATE, AND INCREASE PHILANTHROPY TO CREATE A SUSTAINABLE IMPACT WITHIN OUR COMMUNITY THROUGH RESPONSIBLE GIVING. WE ARE A NONPROFIT ORGANIZATION SERVING 11 COUNTIES IN THE MIDLANDS BY DISTRIBUTING GRANTS AND SCHOLARSHIPS AND LINKING THE RESOURCES OF DONORS, NONPROFITS AND COMMUNITY LEADERS TO AREAS OF NEED.

Program Service Accomplishments

Program 1

Expenses: $19,525,759

GRANTS AND ALLOCATIONS WERE MADE IN THE AREAS OF ART, HUMANITIES, EDUCATION AND HEALTH CARE. THE ABOVE AMOUNT WAS MODIFIED FOR THOSE AGENCY ENDOWMENT FUNDS COVERED BY ASC 958.

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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 (2022)

Revenue Breakdown

Contributions & Grants $26,767,305

Program Service Revenue $0

Investment Income $4,651,639

Other Revenue $385,678

TOTAL REVENUE $31,804,622

Expense Breakdown

Grants Paid $17,338,581

Salaries & Benefits $1,573,163

Fundraising Expenses $824,616

Program Expenses $19,525,759

Other Expenses $2,257,075

TOTAL EXPENSES $21,168,819

Year-over-Year Comparison

	2022	2021	Change
Revenue	$31,804,622	$53,464,663	-0.4%
Expenses	$21,168,819	$19,196,877	+0.1%
Net Income	$10,635,803	$34,267,786	-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

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

$426,761

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOANN TURNQUIST	PRESIDENT/CE	40.00	Officer	$243,089	$13,742	$256,831
KEVIN PATTEN	VICE PRESIDE	40.00	Officer	$160,886	$9,044	$169,930
MICHELLE HARDY	VICE PRESIDE	40.00	Highest	$139,671	$8,247	$147,918
ERIN JOHNSON	VICE PRESIDE	40.00	Highest	$138,608	$8,163	$146,771
CALVIN ELAM	CHAIR	1.00	Officer	$0	$0	$0
CORY MANNING	VICE CHAIR	1.00	Officer	$0	$0	$0
CHARLES KAHN	SECRETARY-TR	1.00	Officer Director	$0	$0	$0
DR ROSLYN CLARK ARTIS	BOARD MEMBER	1.00	Director	$0	$0	$0
CLIFF BOURKE JR	BOARD MEMBER	1.00	Director	$0	$0	$0
TUSHAR CHIKHLIKER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARGARET G CLAY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN D'ALBERTO	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTI EPPS	BOARD MEMBER	1.00	Director	$0	$0	$0
SARA FAWCETT	BAORD MEMBER	1.00	Director	$0	$0	$0
ROBERT FEINSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDY FOLSOM	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRANCE FORD	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT GRAVES	BOARD MEMBER	1.00	Director	$0	$0	$0
HARRIETT GREEN	BOARD MEMBER	1.00	Director	$0	$0	$0
KEN MAY	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT MCCLELLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELA O'NEAL	BOARD MEMBER	1.00	Director	$0	$0	$0
RITA PATEL	BOARD MEMBER	1.00	Director	$0	$0	$0
CANDACE C SHIVER	BOARD MEMBER	1.00	Director	$0	$0	$0
TROY SIMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
STACY S STOKES	BOARD MEMBER	1.00	Director	$0	$0	$0
DERRICK L WIILIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGIA MJARTAN	PRESIDENT &	40.00	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$31,804,622	$21,168,819	$201,051,430	$10,635,803
2022	$53,464,663	$19,196,877	$178,690,140	$34,267,786
2021	$26,646,536	$17,047,134	$200,312,368	$9,599,402
2020	$42,763,872	$24,427,731	$163,448,012	$18,336,141
2019	$31,944,952	$25,439,328	$147,122,651	$6,505,624

CENTRAL CAROLINA COMMUNITY FOUNDATION