ROBERT & JANICE MCNAIR EDUCATIONAL FOUNDATION

EIN: 581870080 501(c)(3)

FOREST CITY, NC

Total Revenue
$2,468,249
Total Expenses
$3,222,659
Total Assets
$40,125,821
Net Assets
$40,125,821
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
NC
Principal Officer
MONICA LEE
Phone
8282454339
Tax Period
2023-07-01 to 2024-06-30

ROBERT & JANICE MCNAIR EDUCATIONAL FOUNDATION, founded in 1989, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $3.2M exceeded revenue, resulting in a 31% operating deficit.

Mission

EDUCATIONAL ASSISTANCE TO RUTHERFORD COUNTY, NC STUDENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,654,400
Program Service Revenue $0
Investment Income $813,849
Other Revenue $0
TOTAL REVENUE $2,468,249

Expense Breakdown

Grants Paid $1,036,232
Salaries & Benefits $1,678,871
Fundraising Expenses $0
Program Expenses $2,808,701
Other Expenses $507,556
TOTAL EXPENSES $3,222,659

Year-over-Year Comparison

2023 2022 Change
Revenue $2,468,249 $2,099,644 +0.2%
Expenses $3,222,659 $3,068,345 +0.1%
Net Income $-754,410 $-968,701 -0.2%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
9
Independent Members
8
Employees
12
Volunteers
221

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
6
$158,091
Total Directors
9
$249,815
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN CONDREY CHAIRMAN 1.00
Officer Director
$0 $0 $0
BETH MILLER VICE CHAIR 1.00
Officer Director
$0 $0 $0
TERRY HINES TREASURER 1.00
Officer Director
$0 $0 $0
MIKE GAVIN SECRETARY 1.00
Officer Director
$0 $0 $0
DAVID SUTTON BOARD MEMBER 1.00
Director
$0 $53,246 $249,815
MEGHAN BLANTON BOARD MEMBER 1.00
Director
$0 $0 $0
JANICE MCNAIR BOARD MEMBER 1.00
Director
$0 $0 $0
KRISTI COOPER BOARD MEMBER 1.00
Director
$0 $0 $0
TRIPP FLACK TREASURER TH 1.00
Officer Director
$0 $0 $0
MONICA LEE EXECUTIVE DI 40.00
Officer
$132,544 $25,547 $158,091
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 $2,468,249 $3,222,659 $40,125,821 $-754,410
2023 $2,099,644 $3,068,345 $37,548,851 $-968,701
2022 $925,489 $2,671,800 $35,971,359 $-1,746,311
2021 $23,785,468 $2,157,124 $41,092,266 $21,628,344
2020 $6,338,132 $1,998,555 $17,687,037 $4,339,577
2019 $4,693,262 $2,504,912 $32,366,484 $2,188,350
2018 $4,747,131 $2,332,267 $29,175,817 $2,414,864
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare ROBERT & JANICE MCNAIR EDUCATIONAL FOUNDATION with other nonprofits in North Carolina and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.