BRISTOL COMMUNITY COLLEGE FOUNDATI… - Form 990 Financial Data

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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

1980

Legal Domicile

Principal Officer

FRANK B SOUSA III

Phone

7743572007

Tax Period

2022-07-01 to 2023-06-30

BRISTOL COMMUNITY COLLEGE FOUNDATION INC, founded in 1980, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2022. The organization ran a surplus of $809K, a strong 33% operating margin.

Mission

THE MISSION OF THE BRISTOL COMMUNITY COLLEGE FOUNDATION IS TO OBTAIN FINANCIAL SUPPORT TO ENHANCE THE ABILITY OF BRISTOL COMMUNITY COLLEGE TO MEET THE LIFELONG EDUCATION NEEDS OF THE GROWING AND CHANGING COMMUNITIES IT SERVES.

Program Service Accomplishments

Program 1

Expenses: $704,860

COLLEGE GRANTS: THE GRANTS AWARDED ARE REQUESTED BY FACULTY AND STAFF TO FUND SPECIAL PROGRAMS, SPEAKERS, PROFESSIONAL CONFERENCES AND EQUIPMENT THAT CAN NO LONGER BE FUNDED THROUGH THE COLLEGE...

COLLEGE GRANTS: THE GRANTS AWARDED ARE REQUESTED BY FACULTY AND STAFF TO FUND SPECIAL PROGRAMS, SPEAKERS, PROFESSIONAL CONFERENCES AND EQUIPMENT THAT CAN NO LONGER BE FUNDED THROUGH THE COLLEGE OPERATING BUDGET.

Program 2

Expenses: $328,610

TO PROVIDE FINANCIAL ASSISTANCE AND AWARDS TO QUALIFIED STUDENTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,669,988

Program Service Revenue $0

Investment Income $505,003

Other Revenue $258,609

TOTAL REVENUE $2,433,600

Expense Breakdown

Grants Paid $1,033,470

Salaries & Benefits $0

Fundraising Expenses $57,138

Program Expenses $1,420,541

Other Expenses $591,447

TOTAL EXPENSES $1,624,917

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,433,600	$2,292,691	+0.1%
Expenses	$1,624,917	$2,139,564	-0.2%
Net Income	$808,683	$153,127	+4.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK B SOUSA III	PRESIDENT	1.00	Officer Director	$0	$0	$0
NICHOLAS M CHRIST	VICE PRESIDENT OF BOARD DEVELOPMENT	1.00	Officer Director	$0	$0	$0
KATHY MACLEAN	VICE PRESIDENT OF FUNDRAISING	1.00	Officer Director	$0	$0	$0
ELLIOT ROSENFIELD CPA	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD TERRY	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
BRIAN HODESS	BOARD MEMBER	1.00	Director	$0	$0	$0
LIZ ISHERWOOD	BOARD MEMBER	0.50	Director	$0	$0	$0
WILLIAM KILEY	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN MCMAHON	BOARD MEMBER	0.50	Director	$0	$0	$0
PATRICK J MURRAY JR	BOARD MEMBER	0.50	Director	$0	$0	$0
THOMAS P MURRAY CPA	BOARD MEMBER	0.50	Director	$0	$0	$0
GREGORY F O'DONNELL	BOARD MEMBER	0.50	Director	$0	$0	$0
BENITA ROSE-MONTEIRO	BOARD MEMBER	0.50	Director	$0	$0	$0
DIANE L SILVIA RN	BOARD MEMBER	0.50	Director	$0	$0	$0
DONALD J SMYTH	BOARD MEMBER	0.50	Director	$0	$0	$0
CLAYTON TIMAS	BOARD MEMBER	0.50	Director	$0	$0	$0
LUKE P TRAVIS ESQ	BOARD MEMBER	0.50	Director	$0	$0	$0
DONALD TROPPOLI	BOARD MEMBER	0.50	Director	$0	$0	$0
RICHARD B WOLFSON	BOARD MEMBER	0.50	Director	$0	$0	$0
LAURA L DOUGLAS PHD	BOARD MEMBER	0.50	Director	$0	$0	$0
CYNTHIA G FLANAGAN	BOARD MEMBER	0.50	Director	$0	$0	$0
JOAN M MEDEIROS	BOARD MEMBER	0.50	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,433,600	$1,624,917	$41,473,168	$808,683
2022	$2,292,691	$2,139,564	$20,944,384	$153,127
2021	$1,995,505	$1,948,044	$21,394,409	$47,461
2020	$1,159,295	$1,391,899	$19,741,213	$-232,604
2019	$2,261,607	$1,570,517	$19,599,396	$691,090

BRISTOL COMMUNITY COLLEGE FOUNDATION INC