ALAMANCE COMMUNITY 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

2017

Legal Domicile

Principal Officer

GAVIN STEVENS

Phone

3367906627

Tax Period

2023-01-01 to 2023-12-31

ALAMANCE COMMUNITY FOUNDATION, founded in 2017, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 65% operating margin.

Mission

THE ALAMANCE COMMUNITY FOUNDATION'S MISSION IS TO STRENGTHEN ALAMANCE COUNTY FOR PRESENT AND FUTURE GENERATIONS THROUGH INSPIRED AND COLLABORATIVE GIVING.

Program Service Accomplishments

Program 1

Expenses: $585,917

DONOR-ADVISED AND SCHOLARSHIP FUNDS: THE COMMUNITY FOUNDATION MANAGES 33 DONOR-ADVISED FUNDS AND 22 SCHOLARSHIP FUNDS WHICH ENABLE RESIDENTS OF ALAMANCE COUNTY TO ACHIEVE THEIR INDIVIDUAL CHARITABLE GOALS. DURING 2023, 207 GRANTS AND SCHOLARSHIPS TOTALING $423,655 WERE DISBURSED IN SUPPORT OF FAITH-BASED, HEALTH AND HUMAN SERVICE, EDUCATIONAL, AND OTHER COMMUNITY SERVICE ORGANIZATIONS.

Program 2

Expenses: $522,937 Revenue: $216,289

FIELD OF INTEREST FUNDS: THE COMMUNITY FOUNDATION MANAGES ENDOWED AND UNRESTRICTED GRANT FUNDS WHICH ARE USED TO STRENGTHEN ITS COMMUNITY FOR PRESENT AND FUTURE GENERATIONS. FOCUS AREAS FOR 2023 WERE PROGRAM/PROJECT-BASED FUNDING IN THE AREAS OF EDUCATION, HEALTH AND HUMAN SERVICE, YOUTH PROGRAMMING AND THE ARTS.

Program 3

Expenses: $134,641 Revenue: $5,767

DESIGNATED AND ORGANIZATION ENDOWMENT FUNDS: AREA RESIDENTS HAVE CREATED FUNDS TO SUPPORT SPECIFIC NONPROFIT ORGANIZATIONS. DURING 2023, 11 SPECIAL INTEREST ENDOWMENT FUNDS GRANTED $97,354 TO THEIR BENEFICIARY ORGANIZATIONS. IN ADDITION, THE COMMUNITY FOUNDATION MANAGES THE ENDOWMENT FUNDS OF LOCAL NONPROFIT ORGANIZATIONS (A TOTAL OF 28 FUNDS IN 2023). ACCORDINGLY, THE FOUNDATION RECOGNIZES A LIABILITY TO THE NONPROFIT AND ADJUSTS THIS LIABILITY FOR RELATED CONTRIBUTIONS, EARNINGS, GRANTS AND EXPENSES. IN 2023, $180,140 WAS RETURNED TO THESE ORGANIZATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,203,903

Program Service Revenue $222,056

Investment Income $631,567

Other Revenue $0

TOTAL REVENUE $4,057,526

Expense Breakdown

Grants Paid $899,126

Salaries & Benefits $166,486

Fundraising Expenses $77,288

Program Expenses $1,243,495

Other Expenses $347,817

TOTAL EXPENSES $1,413,429

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,057,526	$2,369,564	+0.7%
Expenses	$1,413,429	$1,656,409	-0.1%
Net Income	$2,644,097	$713,155	+2.7%

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

Governance

Voting Members

Independent Members

Employees

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

$109,298

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT CHANDLER	CHAIR	2.00	Officer Director	$0	$0	$0
MARLENE CARTER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
FRANCIS LUMMY BARNES	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
CINDY CHANDLER	TREASURER	2.00	Officer Director	$0	$0	$0
RYAN MOFFITT	SECRETARY	1.00	Officer Director	$0	$0	$0
CLAIRE HASLAM	DIRECTOR	0.50	Director	$0	$0	$0
DAVID SELLERS	DIRECTOR	0.50	Director	$0	$0	$0
KATHLEEN TREADWELL	DIRECTOR	0.50	Director	$0	$0	$0
AMI HILL	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT GUNN	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL DIAMOND	DIRECTOR	0.50	Director	$0	$0	$0
VERNON CLAPP	DIRECTOR	0.50	Director	$0	$0	$0
WILLY FISHER	DIRECTOR	0.50	Director	$0	$0	$0
ELIZABETH HOOD	DIRECTOR	0.50	Director	$0	$0	$0
JOYCE MONTAGUE	DIRECTOR	0.50	Director	$0	$0	$0
GAVIN STEVENS	EXECUTIVE DIRECTOR	40.00	Officer	$99,611	$9,687	$109,298

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	No data	No data	No data	No data
2023	$4,057,526	$1,413,429	$24,330,691	$2,644,097
2022	$2,369,564	$1,656,409	$19,209,403	$713,155
2021	$2,383,783	$1,328,887	$21,975,984	$1,054,896
2020	$1,661,010	$1,647,794	$18,584,271	$13,216
2019	$1,957,829	$1,445,937	$16,500,098	$511,892