TIDEWATER COMMUNITY COLLEGE REAL ESTATE FOUNDATION INC (EIN 203950078) - 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

2006

Legal Domicile

Principal Officer

PHILIP H PAGE JR

Phone

7578221719

Tax Period

2024-01-01 to 2024-12-31

TIDEWATER COMMUNITY COLLEGE REAL ESTATE FOUNDATION INC, founded in 2006, is a small nonprofit in the Education sector that reported $538K in total revenue in fiscal year 2018. Expenses of $471K left a modest 12% surplus.

Mission

TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF TIDEWATER 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 $241,414

Program Service Revenue $784,384

Investment Income $346,235

Other Revenue $797,019

TOTAL REVENUE $2,169,052

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $951,765

Other Expenses $1,052,981

TOTAL EXPENSES $1,052,981

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,169,052	$1,757,346	+0.2%
Expenses	$1,052,981	$1,048,071	+0.0%
Net Income	$1,116,071	$709,275	+0.6%

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

N/A

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

$175,084

Total Directors

$384,109

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARCIA CONSTON	TCC PRESIDENT	1.00	Director	$0	$72,866	$384,109
CHRISTOPHER HARVEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PRESCOTT SHERROD	CHAIR	1.00	Officer Director	$0	$0	$0
JIM SPORE	SECRETARY	1.00	Officer Director	$0	$0	$0
GORDON PARKER	TREASURER	1.00	Officer Director	$0	$0	$0
JEFF AINSLIE	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON DUNLEAVY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN D PADGETT	DIRECTOR	1.00	Director	$0	$0	$0
JANE SHORT	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL SPEIGHT	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN C WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ROWE	TCC EDUCATION FOUNDATION D	1.00	Director	$0	$0	$0
KIRK HOUSTON	TCC COLLEGE BOARD DESIGNEE	1.00	Director	$0	$0	$0
LEE B ARMISTEAD	DIRECTOR	1.00	Director	$0	$0	$0
DORCAS HELFANT-BROWING	DIRECTOR	1.00	Director	$0	$0	$0
BURRELL F SAUNDERS	DIRECTOR	1.00	Director	$0	$0	$0
CLYDE CLARK	DIRECTOR	1.00	Director	$0	$0	$0
JAKE MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
ANN LEE BAMFORTH	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP PAGE JR	TCC REAL ESTATE FOUNDATION	40.00	Officer	$0	$43,890	$175,084

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
2024	$2,169,052	$1,052,981	$23,942,380	$1,116,071
2023	$1,757,346	$1,048,071	$23,075,065	$709,275
2022	$737,425	$687,790	$20,873,831	$49,635
2021	$972,642	$583,810	$15,742,597	$388,832
2020	$125,256	$492,778	$12,861,811	$-367,522
2019	$709,634	$474,025	$12,624,360	$235,609
2018	$537,989	$470,759	$12,130,125	$67,230

TIDEWATER COMMUNITY COLLEGE REAL ESTATE FOUNDATION INC