TPhilanthropy, Voluntarism & GrantmakingEIN: 562156876· Ruling Year: 2000

Edward M Armfield Sr Foundation Inc

Greensboro, North Carolina

CHealth Score
39C

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Below Average

How This Organization Compares

Compared to 20 peers in Philanthropy, Voluntarism & Grantmaking with <$100K revenue

💰
$2.6M
Total Revenue
📊
-$1.7M
Total Expenses
🏦
$39.8M
Net Assets
📋
$13.7M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-46.6%
Year-over-year change (2022 → 2023)
Net Margin
+166.5%
Revenue minus expenses as % of revenue
Working Capital Ratio
-23.13
Net assets divided by total expenses
Liabilities-to-Assets
25.6%
Total liabilities as % of total assets

Filing History

10 filings on record
YearRevenueExpensesAssets
2023$2,592,65447%-$1,722,988105%$53,543,1214%
2022$4,850,82111%$33,662,907892%$51,338,48325%
2021$5,451,5514%$3,394,57425%$68,779,8896%
2020$5,669,90391%$4,506,11231%$65,188,2652%
2019$2,966,23853%$6,558,54438%$64,022,8157%
2015$1,941,6338%$10,500,134205%$59,974,4476%
2014$2,108,33580%$3,447,16022%$64,138,3773%
2013$10,648,26222%$4,443,83510%$65,804,8389%
2012$8,695,22044%$4,952,06260%$60,448,09810%
2011$6,033,636$12,341,016$55,095,515

Frequently Asked Questions

What does Edward M Armfield Sr Foundation Inc do?

Edward M Armfield Sr Foundation Inc is a philanthropy, voluntarism & grantmaking nonprofit organization based in North Carolina. It is classified under NTEE code T20 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Edward M Armfield Sr Foundation Inc financially healthy?

Based on our 9-metric Financial Health Score model, Edward M Armfield Sr Foundation Inc has a score of 39/100 (Grade: C). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Edward M Armfield Sr Foundation Inc generate?

Revenue data for Edward M Armfield Sr Foundation Inc is sourced from IRS filings. Detailed financial breakdowns may be available on the organization's Form 990.

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