Fred J Morganthall II Foundation

EIN: 581840748 501(c)(3) Mutual Benefit

Matthews, NC

Total Revenue
$253,398
Total Expenses
$395,474
Total Assets
$2,047,127
Net Assets
$2,047,127
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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
1987
Legal Domicile
NC
Principal Officer
Lauren Furr
Phone
7048443100
Tax Period
2024-01-01 to 2024-12-31

Fred J Morganthall II Foundation, founded in 1987, is a small nonprofit in the Mutual Benefit sector that reported $253K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $395K exceeded revenue, resulting in a 56% operating deficit.

Mission

Provide funds to Harris Teeter associates to relieve financial hardships that resulted from sudden and unforeseen circumstances.

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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 $201,028
Program Service Revenue $0
Investment Income $52,370
Other Revenue $0
TOTAL REVENUE $253,398

Expense Breakdown

Grants Paid $377,413
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $377,413
Other Expenses $18,061
TOTAL EXPENSES $395,474

Year-over-Year Comparison

2024 2023 Change
Revenue $253,398 $330,824 -0.2%
Expenses $395,474 $305,672 +0.3%
Net Income $-142,076 $25,152 -6.6%
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
13
Independent Members
13
Employees
N/A
Volunteers
13

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
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Timothy Stokes President 1.00
Officer Director
$0 $0 $0
Lauren Furr Chair 1.00
Officer Director
$0 $0 $0
Scott Nations Treasurer 1.00
Officer Director
$0 $0 $0
Xavier Hare Secretary 1.00
Officer Director
$0 $0 $0
Rory Snavely Board Member 1.00
Director
$0 $0 $0
James Pisciotta Board Member 1.00
Director
$0 $0 $0
Christine Hubbard Board Member 1.00
Director
$0 $0 $0
Stephen Ramsey Board Member 1.00
Director
$0 $0 $0
Lea Gaddy Board Member 1.00
Director
$0 $0 $0
Brian Nwokedi Board Member 1.00
Director
$0 $0 $0
Doug Yacenda Board Member 1.00
Director
$0 $0 $0
David Hess Board Member 1.00
Director
$0 $0 $0
Sandra Ladson Board Member 1.00
Director
$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
2024 $253,398 $395,474 $2,047,127 $-142,076
2023 $330,824 $305,672 $2,189,203 $25,152
2022 $384,315 $219,230 $2,164,051 $165,085
2021 $306,474 $167,337 $1,998,966 $139,137
2021 $306,474 $167,337 $2,124,057 $139,137
2020 $383,406 $281,456 $1,859,829 $101,950
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