DUMAC INC

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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

2011

Legal Domicile

Principal Officer

NEAL F TRIPLETT

Phone

9196686829

Tax Period

2024-07-01 to 2025-06-30

DUMAC INC, founded in 2011, is a mid-sized nonprofit in the Education sector that reported $31.8M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

DESCRIPTION OF ORGANIZATION'S MISSION SUPERVISE, ADMINISTER AND MANAGE ASSETS, FUNDS AND PROPERTIES, REAL AND PERSONAL, THAT ARE AND SHALL BE HELD, INVESTED AND USED FOR THE BENEFIT OR PURPOSES OF DUKE UNIVERSITY, ITS AFFILIATES (INCLUDING THE EMPLOYEES' RETIREMENT PLAN OF DUKE UNIVERSITY) AND THE DUKE ENDOWMENT, A PRIVATE FOUNDATION WHICH UNDER THE TERMS OF ITS INDENTURE AND BY ACTION OF ITS SEPARATE BOARD OF TRUSTEES PROVIDES SUBSTANTIAL SUPPORT TO DUKE UNIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $30,423,219 Revenue: $31,353,609

DUMAC, INC. OPERATES AS A SUPPORTING ORGANIZATION TO DUKE UNIVERSITY. ALL OF THE EXPENSES INCURRED ARE RELATED TO THE INVESTMENT MANAGEMENT AND RELATED SERVICES PROVIDED ON A NOT-FOR-PROFIT...

DUMAC, INC. OPERATES AS A SUPPORTING ORGANIZATION TO DUKE UNIVERSITY. ALL OF THE EXPENSES INCURRED ARE RELATED TO THE INVESTMENT MANAGEMENT AND RELATED SERVICES PROVIDED ON A NOT-FOR-PROFIT, COST-SHARING BASIS TO DUKE UNIVERSITY, ITS AFFILIATES (INCLUDING DUKE UNIVERSITY HEALTH SYSTEM, INC. THE EMPLOYEES' RETIREMENT PLAN OF DUKE UNIVERSITY) AND THE DUKE ENDOWMENT, A PRIVATE FOUNDATION WHICH UNDER THE TERMS OF ITS INDENTURE AND BY ACTION OF ITS SEPARATE BOARD OF TRUSTEES PROVIDES SUBSTANTIAL SUPPORT TO DUKE UNIVERSITY.

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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 $0

Program Service Revenue $31,353,609

Investment Income $407,176

Other Revenue $0

TOTAL REVENUE $31,760,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,302,346

Fundraising Expenses $0

Program Expenses $30,423,219

Other Expenses $25,913,234

TOTAL EXPENSES $32,215,580

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,760,785	$33,656,703	-0.1%
Expenses	$32,215,580	$34,073,354	-0.1%
Net Income	$-454,795	$-416,651	+0.1%

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

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

$8,785,947

Total Directors

$8,750,224

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEAL F TRIPLETT	DIRECTOR/PRESIDENT	0.10	Officer Director	$0	$127,007	$5,012,725
VINCENT E PRICE	DIRECTOR	0.10	Director	$0	$62,628	$2,200,045
DANIEL G ENNIS	DIRECTOR	0.10	Director	$0	$73,368	$1,537,454
KEVIN A BAGGETT MD	DIRECTOR	0.10	Director	$0	$0	$0
T RITSON FERGUSON III	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA L MEYN	DIRECTOR	1.00	Director	$0	$0	$0
THRUSTON B MORTON III	DIRECTOR	0.10	Director	$0	$0	$0
JAMES C ZELTER	DIRECTOR	0.10	Director	$0	$0	$0
ASHOK VARADHAN	DIRECTOR	0.10	Director	$0	$0	$0
ADAM SILVER	DIRECTOR	0.10	Director	$0	$0	$0
RYAN A TALKIN	DIRECTOR	0.10	Director	$0	$0	$0
ROBERT MCGRAIL	SECRETARY	0.10	Officer	$0	$99,754	$775,253
ANIL MADHOK	PART YEAR TREASURER	0.10	Officer	$0	$329,155	$2,064,274
WILLIAM BOULDING	PART YEAR TREASURER	0.10	Officer	$0	$59,578	$933,695

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	$31,760,785	$32,215,580	$33,308,088	$-454,795
2024	No data	No data	No data	No data
2023	$29,420,671	$29,322,167	$28,553,839	$98,504
2022	$28,517,262	$28,548,745	$26,321,234	$-31,483
2021	$22,034,082	$23,201,391	$16,829,525	$-1,167,309
2020	$23,282,900	$23,641,924	$13,201,219	$-359,024
2019	$22,487,526	$21,977,033	$13,868,969	$510,493
2018	$21,404,616	$21,216,084	$9,623,058	$188,532