Fairfield, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Kennebec Valley Community College Foundation, founded in 1991, is a small nonprofit that reported $625K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Net assets of $6.1M represent 118 months of operating reserves.
To provide scholarships to qualifying Kennebec Valley Community College (KVCC) students and financial support to the College to use in support of academic programs, capital investment and college operations.
Scholarships for KVCC Students.
Grants to KVCC for academic support and capital purposes.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $625,285 | $555,685 | +0.1% |
| Expenses | $645,676 | $494,673 | +0.3% |
| Net Income | $-20,391 | $61,012 | -1.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Nancy Fotter | Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Melissa Higgins | Vice Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Dwight Littlefield | 2nd Vice Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kelly Burbank | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Karen Normandin | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Richard Boudreau | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Donald Borman | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Tiffany Comis | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Dan Coffey | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| John Dalton | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| David Dorr | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Peter Hallen | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Seth Hebert | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Arne Koch | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Anthony Michaud | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| John T Sutton | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Sara Sylvester | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Jennifer Casey | Executive Director | 40.00 |
Officer
|
$80,556 | $27,491 | $108,047 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $625,285 | $645,676 | $6,365,417 | $-20,391 |
| 2024 | $555,685 | $494,673 | $5,977,355 | $61,012 |
| 2023 | $534,504 | $399,851 | $5,562,726 | $134,653 |
| 2022 | $699,650 | $309,644 | $5,554,302 | $390,006 |
| 2021 | $579,733 | $351,631 | $5,369,576 | $228,102 |
| 2020 | $339,411 | $431,519 | $4,243,879 | $-92,108 |
| 2019 | $501,436 | $395,706 | $4,500,571 | $105,730 |
| 2018 | $1,046,178 | $354,470 | $4,321,539 | $691,708 |
Compare Kennebec Valley Community College Foundation with other nonprofits in Maine and across the country.