THE UNIVERSITY OF NORTH CAROLINA A… - 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

1982

Legal Domicile

Principal Officer

ANNE WEBB

Phone

9199664266

Tax Period

2018-07-01 to 2019-06-30

THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL SCHOOL OF NURSING FOUNDATION, founded in 1982, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2018. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $15.9M exceeded revenue, resulting in a 738% operating deficit.

Mission

THE FOUNDATION'S MISSION IS TO FOSTER AND PROMOTE THE GROWTH, PROGRESS, AND GENERAL WELFARE OF NURSING EDUCATION, RESEARCH AND SERVICE AT THE UNC-CH SCHOOL OF NURSING.

Program Service Accomplishments

Program 1

Expenses: $1,703,471

THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL SCHOOL OF NURSING FOUNDATION, INC. FOSTERS AND PROMOTES THE SCHOOL OF NURSING'S TRIPARTITE MISSIONS OF LEADERSHIP AND INNOVATION IN TEACHING, RESEARCH, AND PRACTICE. THE SCHOOL OF NURSING IS COMMITTED TO ADDRESSING AND AMELIORATING THE SHORTAGE OF NURSES, NURSE LEADERS, AND NURSING FACULTY. THE FOUNDATION SUPPORTS THE ACTIVITIES AND NEEDS OF THE SCHOOL OF NURSING BY ESTABLISHING ENDOWMENTS AND SCHOLARSHIPS AND FOSTERING OTHER FORMS OF STUDENT AND FACULTY SUPPORT. IN FISCAL YEAR 2019, THE FOUNDATION SERVED APPROXIMATELY 629 STUDENTS AND 182 FACULTY AND STAFF. IT ALSO SUPPORTED RESEARCH THROUGH EVENTS WHICH SHOWCASED CURRENT AND FUTURE RESEARCH STUDIES AND FOSTERED COMMUNITY PARTNERSHIPS THROUGH ACTIVITIES SUCH AS ANNUAL STUDENT SERVICE LEARNING TRIPS.

Program 2

Expenses: $13,929,490

AT JUNE 30, 2019, THE FOUNDATION WAS MERGED INTO THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOUNDATION, INC. ("THE UNC FOUNDATION"), WHICH IS THE SURVIVING ENTITY. AT THAT TIME, ALL OF THE...

AT JUNE 30, 2019, THE FOUNDATION WAS MERGED INTO THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOUNDATION, INC. ("THE UNC FOUNDATION"), WHICH IS THE SURVIVING ENTITY. AT THAT TIME, ALL OF THE FOUNDATION'S REMAINING ASSETS AND LIABILITIES WERE GRANTED TO THE UNC FOUNDATION.

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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 (2018)

Revenue Breakdown

Contributions & Grants $1,876,645

Program Service Revenue $0

Investment Income $16,267

Other Revenue $0

TOTAL REVENUE $1,892,912

Expense Breakdown

Grants Paid $15,583,751

Salaries & Benefits $188,779

Fundraising Expenses $220,529

Program Expenses $15,632,961

Other Expenses $97,198

TOTAL EXPENSES $15,869,728

Year-over-Year Comparison

	2018	2017	Change
Revenue	$1,892,912	$1,210,683	+0.6%
Expenses	$15,869,728	$1,193,680	+12.3%
Net Income	$-13,976,816	$17,003	-823.0%

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

N/A

Volunteers

100

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

$137,535

Total Directors

$722,887

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT C ATWATER	DIRECTOR	0.20	Director	$0	$0	$0
FRANCINE D DAVIS	DIRECTOR	0.20	Director	$0	$0	$0
NANCY S FULLER	DIRECTOR (UNTIL NOVEMBER 2018)	0.20	Director	$0	$0	$0
P ALLEN GRAY JR	DIRECTOR	0.20	Director	$0	$0	$0
RIZZA H DE LA GUERRA	DIRECTOR	0.20	Director	$0	$0	$0
ART ODOM	DIRECTOR (UNTIL NOVEMBER 2018)	0.20	Director	$0	$0	$0
GALE ADCOCK	DIRECTOR	0.20	Director	$0	$0	$0
KENNETH G ANDERSON	DIRECTOR	0.20	Director	$0	$0	$0
ANTHONY DISSER	DIRECTOR	0.20	Director	$0	$0	$0
SUSAN B CULP	DIRECTOR	0.20	Director	$0	$0	$0
ZAC LONG	DIRECTOR	0.20	Director	$0	$0	$0
ELIZABETH SKVARLA	DIRECTOR	0.20	Director	$0	$0	$0
NILDA PERAGALLO MONTANO	EX-OFFICIO	2.00	Director	$0	$42,809	$402,719
LISA MILLER	EX-OFFICIO	2.00	Director	$0	$26,877	$182,633
WILLIAM EDWARD SELF	PRESIDENT	2.00	Officer Director	$0	$0	$0
SUSAN GATLIN O'DELL	VICE PRESIDENT	0.20	Officer Director	$0	$0	$0
P KAY WAGONER	SECRETARY	0.20	Officer Director	$0	$0	$0
ANGELA HALL	TREASURER	0.20	Officer Director	$0	$0	$0
ANNE ALDRIDGE WEBB	EXECUTIVE DIRECTOR	2.00	Officer Director	$0	$26,675	$137,535

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
2019	$1,892,912	$15,869,728	No data	$-13,976,816
2018	$1,210,683	$1,193,680	$13,212,765	$17,003

THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL SCHOOL OF NURSING FOUNDATION