CUMBERLAND COMMUNITY FOUNDATION INC

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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

1980

Legal Domicile

Principal Officer

GAIL RIDDLE

Phone

9104834449

Tax Period

2023-07-01 to 2024-06-30

CUMBERLAND COMMUNITY FOUNDATION INC, founded in 1980, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $12.5M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $3.7M, a strong 30% operating margin.

Mission

OUR MISSION IS GIVING TOGETHER TO ENHANCE THE QUALITY AND SPIRIT OF COMMUNITY LIFE. OUR VISION IS A VIBRANT, INCLUSIVE COMMUNITY THAT PROVIDES SUSTAINABLE OPPORTUNITIES FOR GENERATIONS. WE BELIEVE IN : 1) TRUSTWORTHY, ACCOUNTABLE STEWARDSHIP OF ALL CHARITABLE RESOURCES; 2) THE POWER OF COLLECTIVE GIVING TO SUPPORT COMMUNITY NEEDS AND OPPORTUNITIES; 3) ENGAGING OUR DIVERSE COMMUNITY TO IMPROVE THE QUALITY AND SPIRIT OF COMMUNITY LIFE; 4) BUILDING ENDOWMENTS TO SUSTAIN DONOR INTENT AND ACHIEVE COMMUNITY CHANGE FOR THE LONG TERM; AND 5) CONTINUOUS IMPROVEMENT TO ACHIEVE EXCELLENCE IN ALL ASPECTS OF OUR WORK.

Program Service Accomplishments

Program 1

Expenses: $8,122,556

CUMBERLAND COMMUNITY FOUNDATION (CCF) FACILITATES AND ENCOURAGES PHILANTHROPY IN CUMBERLAND COUNTY, NORTH CAROLINA THROUGH GRANT MAKING, SCHOLARSHIPS, ENDOWMENT BUILDING FOR DIVERSE CAUSES, COMMUNITY LEADERSHIP, AND NONPROFIT TRAINING. DURING FISCAL YEAR 2023-2024, CCF MADE SCHOLARSHIPS AND GRANTS TOTALING $7,472,893 TO SUPPORT STUDENTS AND PROGRAMS IN EDUCATION, HUMAN SERVICES, YOUTH, HEALTH, ENVIRONMENT, HISTORICAL PRESERVATION, ARTS AND CULTURE, ECONOMIC EMPOWERMENT, AND OTHER TYPES OF CHARITABLE PROGRAMS. CCF PROVIDES COMMUNITY LEADERSHIP THROUGH TRAINING AND TECHNICAL ASSISTANCE FOR LOCAL NONPROFIT ORGANIZATIONS, FUNDRAISING CAMPAIGNS FOR DIVERSE ORGANIZATIONS, CONVENINGS TO BUILD COLLABORATION AND IMPACT, DONOR EDUCATION EVENTS, AND SERVICE ON COMMUNITYWIDE PROJECTS THAT IMPROVE THE QUALITY OF LIFE IN MANY AREAS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,916,678

Program Service Revenue $0

Investment Income $4,272,254

Other Revenue $265,278

TOTAL REVENUE $12,454,210

Expense Breakdown

Grants Paid $7,472,893

Salaries & Benefits $858,009

Fundraising Expenses $278,881

Program Expenses $8,122,556

Other Expenses $415,149

TOTAL EXPENSES $8,746,051

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,454,210	$14,602,785	-0.1%
Expenses	$8,746,051	$9,474,759	-0.1%
Net Income	$3,708,159	$5,128,026	-0.3%

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

$196,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAIL A RIDDLE	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
FRANK R LOPES JR	VICE-CHAIR	3.00	Officer Director	$0	$0	$0
CAROL L DICKEY	SECRETARY	3.00	Officer Director	$0	$0	$0
WC POWERS	TREASURER	3.00	Officer Director	$0	$0	$0
JANET M PREWITT	ASST. TREASURER	1.00	Director	$0	$0	$0
VERA L BELL	ASST. TREASURER	1.00	Director	$0	$0	$0
LARRY BASS JR	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
JERIAL H BOGAN	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
BRUCE G DANTZLER	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
JOHN HEALY	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
ELIZABETH KEEVER	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
AMY PERKO	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
KELLY D PURYEAR	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
EMILY K SCHAEFER	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MELISSA SMITH	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
BRENDA SPARKS	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MYRTLE ALSTON SUMMERS	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
JABBAR SURLES	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
LOCKETT TALLY	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
JOSEPH VONNEGUT	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MAX J WEINSTEIN	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MARY HOLMES	PRESIDENT/CEO	40.00	Officer	$196,000	$0	$196,000
MARY ANNE BROOKS	CHIEF FINANCIAL OFFICER	40.00	Highest	$135,446	$0	$135,446

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	$12,454,210	$8,746,051	$134,526,751	$3,708,159
2023	$14,602,785	$9,474,759	$121,252,486	$5,128,026
2022	$14,799,053	$6,635,965	$108,138,101	$8,163,088
2021	$9,257,200	$7,000,899	$121,925,506	$2,256,301