New Hanover Community Endowment Inc (EIN 853563370) - Form 990 Financial Analysis & Trantor Score

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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

2020

Legal Domicile

Principal Officer

Bill Cameron

Phone

9107565990

Tax Period

2023-01-01 to 2023-12-31

New Hanover Community Endowment Inc, founded in 2020, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $72.9M in total revenue in fiscal year 2023. The organization ran a surplus of $68.1M, a strong 93% operating margin.

Mission

To improve the health, education, safety, and economic opportunity of every person in our community.

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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 $37,500,000

Program Service Revenue $0

Investment Income $35,412,305

Other Revenue $0

TOTAL REVENUE $72,912,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,442,925

Fundraising Expenses $0

Program Expenses $1,485,671

Other Expenses $3,357,344

TOTAL EXPENSES $4,800,269

Year-over-Year Comparison

	2023	2022	Change
Revenue	$72,912,305	$-36,712,168	-3.0%
Expenses	$4,800,269	$10,626,455	-0.5%
Net Income	$68,112,036	$-47,338,623	-2.4%

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

$922,470

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Spence Broadhurst	Director/Assistant Treasurer	8.00	Officer Director	$0	$0	$0
Hannah Gage	Director/Secretary (until 09/30/23)	8.00	Officer Director	$0	$0	$0
Bill Cameron	Director/Board Chair	8.00	Officer Director	$0	$0	$0
Edel Segovia	Director/Vice Chair/Asst. Secretary	8.00	Officer Director	$0	$0	$0
Virginia Adams	Director (until 09/30/23)	8.00	Director	$0	$0	$0
Chris Boney	Director	8.00	Director	$0	$0	$0
Cedric Dickerson	Director	8.00	Director	$0	$0	$0
Michele Holbrook	Director	8.00	Director	$0	$0	$0
Patricia Kusek	Director	8.00	Director	$0	$0	$0
Pat Maguire	Director	8.00	Director	$0	$0	$0
Khadijia Tribie Reid	Director	8.00	Director	$0	$0	$0
David Sprunt	Director	8.00	Director	$0	$0	$0
Stedman Stevens	Director	8.00	Director	$0	$0	$0
Woody White	Director	8.00	Director	$0	$0	$0
Shannon Winslow	Director	8.00	Director	$0	$0	$0
William Buster	President	40.00	Officer	$406,850	$25,079	$431,929
Lakesha McDay	Vice President	40.00	Officer	$251,675	$22,469	$274,144
Joel Beeson	Treasurer	40.00	Officer	$202,021	$14,376	$216,397

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	$72,912,305	$4,800,269	$1,408,948,388	$68,112,036
2022	$-36,712,168	$10,626,455	$1,208,160,901	$-47,338,623
2021	$1,315,589,286	$718,896	$1,315,756,843	$1,314,870,390

New Hanover Community Endowment Inc