SOUTHERN MAINE COMMUNITY COLLEGE FOUNDATION (EIN 010520531) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

JUDITH BORELLI

Phone

2077415500

Tax Period

2024-07-01 to 2025-06-30

SOUTHERN MAINE COMMUNITY COLLEGE FOUNDATION is a 501(c)(3) with EIN 010520531, based in SOUTH PORTLAND, ME. Founded in 1998, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $745,595 in total revenue and $802,383 in total expenses, with net assets of $5,290,756.

Mission

THE SMCC FOUNDATION'S PURPOSES ARE TO PROMOTE, ENCOURAGE AND SUPPORT, FINANCIAL AND OTHERWISE, ALL EDUCATIONAL ACTIVITIES AT SMCC.

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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 $529,212

Program Service Revenue $0

Investment Income $217,913

Other Revenue $-1,530

TOTAL REVENUE $745,595

Expense Breakdown

Grants Paid $733,254

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $733,254

Other Expenses $69,129

TOTAL EXPENSES $802,383

Year-over-Year Comparison

	2024	2023	Change
Revenue	$745,595	$468,673	+0.6%
Expenses	$802,383	$753,602	+0.1%
Net Income	$-56,788	$-284,929	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDITH BORELLI	CHAIR	1.00	Officer Director	$0	$0	$0
ED GILMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARTY MADDEN	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL MOORE	SECRETARY	1.00	Officer Director	$0	$0	$0
SARAH COOMBS	DIRECTOR	1.00	Director	$0	$0	$0
DAN COYNE	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA DREVES	DIRECTOR	1.00	Director	$0	$0	$0
GREGG FRAME	DIRECTOR	1.00	Director	$0	$0	$0
MARIE HERDAN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS JOYCE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LEMIEUX	DIRECTOR	1.00	Director	$0	$0	$0
DAVID PRATT	DIRECTOR	1.00	Director	$0	$0	$0
JOSH RENY	DIRECTOR	1.00	Director	$0	$0	$0
DR KRISTEN MILLER	EX-OFFICIO	1.00	Director	$0	$0	$0
MATT RICHARDS	EX-OFFICIO	1.00	Director	$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
2025	$745,595	$802,383	$5,368,009	$-56,788
2024	$468,673	$753,602	$5,275,709	$-284,929
2023	$2,066,673	$530,500	$5,392,209	$1,536,173
2022	$1,245,786	$398,332	$3,768,050	$847,454
2021	$643,426	$210,532	$3,214,558	$432,894
2020	$661,654	$259,333	$2,517,978	$402,321
2019	$340,536	$232,371	$2,218,649	$108,165

SOUTHERN MAINE COMMUNITY COLLEGE FOUNDATION