NORTH CAROLINA VETERINARY MEDICAL … - 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

1978

Legal Domicile

Principal Officer

ERIN DELEHANTY

Phone

9195137149

Tax Period

2024-07-01 to 2025-06-30

NORTH CAROLINA VETERINARY MEDICAL FOUNDATION INC, founded in 1978, is a mid-sized nonprofit in the Education sector that reported $15.9M in total revenue in fiscal year 2024. Expenses of $13.7M left a modest 13% surplus.

Mission

TO PROVIDE FINANCIAL SUPPORT FOR ALL TYPES OF EDUCATION AND RESEARCH IN THE FIELD OF VETERINARY MEDICINE AT NORTH CAROLINA STATE UNIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $12,766,650

PROVIDES FINANCIAL SUPPORT FOR ALL TYPES OF EDUCATION AND RESEARCH IN THE FIELD OF VETERINARY MEDICINE AT NORTH CAROLINA STATE UNIVERSITY.

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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 $12,673,382

Program Service Revenue $0

Investment Income $3,166,331

Other Revenue $12,376

TOTAL REVENUE $15,852,089

Expense Breakdown

Grants Paid $9,027,219

Salaries & Benefits $602,430

Fundraising Expenses $908,472

Program Expenses $12,766,650

Other Expenses $4,101,681

TOTAL EXPENSES $13,731,330

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,852,089	$16,394,486	0.0%
Expenses	$13,731,330	$11,988,032	+0.1%
Net Income	$2,120,759	$4,406,454	-0.5%

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

$1,017,451

Total Directors

$369,572

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANA R HARRIS	TREASURER	1.00	Officer Director	$0	$79,282	$369,572
KATHE GARRISON	PRESIDENT	1.00	Officer Director	$0	$0	$0
FRANCES BRYAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHARLES COLLINS JR	IMMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
CINDY ATHA	DIRECTOR	1.00	Director	$0	$0	$0
HELEN BALLENTINE	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS CABANISS	DIRECTOR	1.00	Director	$0	$0	$0
APRIL ESHELMAN	DIRECTOR	1.00	Director	$0	$0	$0
KADY GJESSING	DIRECTOR	1.00	Director	$0	$0	$0
SYDNEY LANGFORD	DIRECTOR	1.00	Director	$0	$0	$0
CLIFFORD LEATH	DIRECTOR	1.00	Director	$0	$0	$0
CAT LINEBERRY	DIRECTOR	1.00	Director	$0	$0	$0
LISA MCNARY	DIRECTOR	1.00	Director	$0	$0	$0
ERICA MEARNS	DIRECTOR	1.00	Director	$0	$0	$0
WENDELL MURPHY III	DIRECTOR	1.00	Director	$0	$0	$0
DONNA PREISS	DIRECTOR	1.00	Director	$0	$0	$0
EMILY RAGSDALE	DIRECTOR	1.00	Director	$0	$0	$0
BENNY SUGGS	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD VINSON	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN WARD	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE YOFFE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID KNIGHT	DIRECTOR UNTIL 12/31/24	1.00	Director	$0	$0	$0
LAURIE SANFORD	DIRECTOR FROM 1/1/25	1.00	Director	$0	$0	$0
BETSY SAUL	DIRECTOR FROM 1/1/25	1.00	Director	$0	$0	$0
ELIZABETH WOODARD	DIRECTOR FROM 1/1/25	1.00	Director	$0	$0	$0
ERIN DELEHANTY	ASSISTANT TREASURER	1.00	Officer	$0	$55,581	$249,219
SHERRY BUCKLES	SECRETARY UNTIL 8/26/24	1.00	Officer	$0	$53,367	$240,729
HYEMI SEVENING	SECRETARY FROM 3/1/25	1.00	Officer	$0	$0	$0
NIKI THEOBALD	INTERIM SECRETARY 8/27/24 - 2/28/25	1.00	Officer	$0	$37,569	$157,931

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	$15,852,089	$13,731,330	$156,508,731	$2,120,759
2024	$16,394,486	$11,988,032	$144,191,197	$4,406,454
2023	$14,379,011	$8,669,624	$129,193,852	$5,709,387
2022	$11,050,155	$7,062,989	$124,611,842	$3,987,166
2021	$9,123,891	$6,467,406	$120,074,168	$2,656,485
2020	$8,860,522	$5,110,738	$91,384,237	$3,749,784
2019	$7,177,674	$7,840,008	$87,439,851	$-662,334
2018	$5,361,349	$3,481,471	$84,777,245	$1,879,878

NORTH CAROLINA VETERINARY MEDICAL FOUNDATION INC