Fred J Morganthall II Foundation

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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

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.

Program Service Accomplishments

Program 1

Expenses: $377,413

Provide funds to 469 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%)

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

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