LUKE GARRISON FOUNDATION

EIN: 812513548 501(c)(3) Philanthropy & Grantmaking

LINVILLE, NC

Total Revenue
$395,777
Total Expenses
$82,207
Total Assets
$1,569,586
Net Assets
$1,569,586
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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
2016
Legal Domicile
NC
Principal Officer
THOMAS H GARRISON
Phone
8284556483
Tax Period
2025-01-01 to 2025-12-31

LUKE GARRISON FOUNDATION, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $396K in total revenue in fiscal year 2025. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $314K, a strong 79% operating margin.

Mission

THE FOUNDATION WILL PROVIDE SUPPORT THROUGH A SERIES OF GRANTS EACH YEAR TO ORGANIZATIONS THAT PROVIDE ACCESS AND ENCOURAGEMENT FOR OTHERS PURSUE SCIENCE, NATURE, SPORTS, AND CHURCH IN LOVING MEMORY OF LUKE GARRISON.

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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 (2025)

Revenue Breakdown

Contributions & Grants $192,084
Program Service Revenue $0
Investment Income $203,693
Other Revenue $0
TOTAL REVENUE $395,777

Expense Breakdown

Grants Paid $68,861
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $68,861
Other Expenses $13,346
TOTAL EXPENSES $82,207

Year-over-Year Comparison

2025 2024 Change
Revenue $395,777 $266,693 +0.5%
Expenses $82,207 $82,810 0.0%
Net Income $313,570 $183,883 +0.7%
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
5
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH E BULA SECRETARY N/A
Officer
$0 $0 $0
GAIL H GARRISON VICE PRESIDE N/A
Officer
$0 $0 $0
THOMAS H GARRISON PRESIDENT N/A
Officer
$0 $0 $0
LUTHER SNYDER GARRISON JR TREASURER N/A
Officer
$0 $0 $0
NANCY S RONALTER ASSISTANT SE N/A
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 $395,777 $82,207 $1,569,586 $313,570
2024 $266,693 $82,810 $1,256,016 $183,883
2023 $260,489 $60,718 $1,072,133 $199,771
2022 $-955 $56,481 $872,362 $-57,436
2021 $143,917 $48,087 $929,798 $95,830
2020 $208,483 $46,725 $833,968 $161,758
2019 $142,346 $37,040 $672,210 $105,306
2018 $195,105 $23,852 $566,904 $171,253
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