Kennebec Valley Community College Foundation (EIN 010471173) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

Nancy Fotter

Phone

2074535020

Tax Period

2024-07-01 to 2025-06-30

Kennebec Valley Community College Foundation is a 501(c)(3) with EIN 010471173, based in Fairfield, ME. Founded in 1991, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $625,285 in total revenue and $645,676 in total expenses, with net assets of $6,145,557.

Mission

To raise funds for scholarships, facilities and support for Kennebec Valley Community College.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $333,510

Program Service Revenue $0

Investment Income $257,665

Other Revenue $34,110

TOTAL REVENUE $625,285

Expense Breakdown

Grants Paid $502,000

Salaries & Benefits $108,046

Fundraising Expenses $66,809

Program Expenses $502,000

Other Expenses $35,630

TOTAL EXPENSES $645,676

Year-over-Year Comparison

	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%

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

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

$108,047

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

Kennebec Valley Community College Foundation