THE BRODY FOUNDATION INC

EIN: 581419760 501(c)(3)

GREENVILLE, NC

Total Revenue
$645,574
Total Expenses
$520,963
Total Assets
$12,712,095
Net Assets
$12,708,218
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
NC
Principal Officer
DR MICHAEL WALDRUM
Phone
2527442238
Tax Period
2024-07-01 to 2025-06-30

THE BRODY FOUNDATION INC, founded in 1979, is a small nonprofit that reported $646K in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $125K, a strong 19% operating margin.

Mission

TO ACQUIRE, RETAIN AND ADMINISTER A FUND, OR FUNDS, TO BE HELD, INVESTED AND USED FOR THE BENEFIT OF ECU MEDICAL & HEALTH SCIENCES FOUNDATION, INC.

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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 $251
Program Service Revenue $0
Investment Income $645,323
Other Revenue $0
TOTAL REVENUE $645,574

Expense Breakdown

Grants Paid $432,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $456,316
Other Expenses $88,463
TOTAL EXPENSES $520,963

Year-over-Year Comparison

2024 2023 Change
Revenue $645,574 $339,994 +0.9%
Expenses $520,963 $507,028 +0.0%
Net Income $124,611 $-167,034 -1.7%
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
11
Independent Members
11
Employees
N/A
Volunteers
14

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
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HYMAN J BRODY DIRECTOR 1.00
Director
$0 $0 $0
DAVID S BRODY SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
AMANDA G AUSTIN MD DIRECTOR 1.00
Director
$0 $0 $0
ANDREW M SOUTHERLAND MD DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM C TAYLOR MD DIRECTOR 1.00
Director
$0 $0 $0
R DOUGLAS BARROW MD DIRECTOR 1.00
Director
$0 $0 $0
JILL E CAMNITZ DIRECTOR 1.00
Director
$0 $0 $0
THAD C WEST MD DIRECTOR 1.00
Director
$0 $0 $0
JORDY WICHARD DIRECTOR 1.00
Director
$0 $0 $0
CEDRIC BRIGHT MD DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL WALDRUM MD PRESIDENT 1.00
Officer Director
$0 $0 $0
HERBERT G GARRISON MD SENIOR ADVISOR 1.00
Officer
$0 $0 $0
SCOTT SENATORE EXECUTIVE DIRECTOR 1.00
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 $645,574 $520,963 $12,712,095 $124,611
2024 $339,994 $507,028 $12,681,693 $-167,034
2024 $339,994 $507,028 $12,681,693 $-167,034
2023 $470,405 $534,968 $11,237,347 $-64,563
2022 $522,002 $485,398 $10,575,691 $36,604
2021 $884,026 $411,997 $12,557,901 $472,029
2020 $362,337 $419,864 $10,030,667 $-57,527
2019 $463,556 $422,576 $9,928,347 $40,980
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