GREENSBORO MEDICAL SOCIETY FOUNDATION INC (EIN 912047364) - 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

2003

Legal Domicile

Principal Officer

STEPHEN COCKBURN

Phone

3363391227

Tax Period

2024-01-01 to 2024-12-31

GREENSBORO MEDICAL SOCIETY FOUNDATION INC, founded in 2003, is a micro nonprofit in the Education sector that reported $64K in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $95K exceeded revenue, resulting in a 49% operating deficit.

Mission

THE PURPOSE OF THE ORGANIZATION WILL BE TO GRANT SCHOLARSHIPS TO DISADVANTAGED YOUTH AND TO HELP TO CULTURALLY CULTIVATE DISADVANTAGED YOUTH.

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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 $51,900

Program Service Revenue $43,245

Investment Income $-31,559

Other Revenue $0

TOTAL REVENUE $63,586

Expense Breakdown

Grants Paid $36,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $90,885

Other Expenses $58,949

TOTAL EXPENSES $94,949

Year-over-Year Comparison

	2024	2023	Change
Revenue	$63,586	$135,467	-0.5%
Expenses	$94,949	$148,452	-0.4%
Net Income	$-31,363	$-12,985	+1.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN COCKBURN	CHAIRMAN	4.00	Officer	$0	$0	$0
CHRISTOPHER DURHAM	BOARD MEMBER	2.00	Officer	$0	$0	$0
NANNETTE FUNDERBURK	SECRETARY	2.00	Officer	$0	$0	$0
TARIQ JAH	TREASURER	4.00	Officer	$0	$0	$0
GEORGE KILPATRICK	BOARD MEMBER	2.00	Officer	$0	$0	$0
IAYESHA LOVICK	VICE CHAIRMA	2.00	Officer	$0	$0	$0
KAREN SCHOOLER	BOARD MEMBER	2.00	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
2024	$63,586	$94,949	$174,619	$-31,363
2023	$135,467	$148,452	$205,982	$-12,985
2022	$153,826	$129,870	$218,967	$23,956
2021	$31,274	$49,479	$195,011	$-18,205
2020	$97,792	$105,481	$214,413	$-7,689
2019	$142,878	$138,478	$220,905	$4,400
2018	$82,569	$103,765	$216,505	$-21,196

GREENSBORO MEDICAL SOCIETY FOUNDATION INC