FIRST COMMUNITY FOUNDATION F/K/A E… - 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

2006

Legal Domicile

Principal Officer

CECIL GORDON

Phone

3027625834

Tax Period

2024-07-01 to 2025-06-30

FIRST COMMUNITY FOUNDATION F/K/A EASTSIDE COMMUNITY LEARNING CENTER, founded in 2006, is a community nonprofit in the Housing & Shelter sector that reported $2.7M in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $3.9M exceeded revenue, resulting in a 42% operating deficit.

Mission

THE FOUNDATION'S PRIMARY ACTIVITY IS FUND RAISING AND ANY OTHER ACTIVITIES NECESSARY TO SUPPORT THE EASTSIDE CHARTER SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $3,807,926

THE FIRST COMMUNITY FOUNDATION ("THE FOUNDATION," FORMERLY THE EAST SIDE COMMUNITY LEARNING CENTER FOUNDATION), WAS ORGANIZED ON FEBRUARY 7, 2006 AND COMMENCED OPERATIONS ON AUGUST 25, 2006 AS A...

THE FIRST COMMUNITY FOUNDATION ("THE FOUNDATION," FORMERLY THE EAST SIDE COMMUNITY LEARNING CENTER FOUNDATION), WAS ORGANIZED ON FEBRUARY 7, 2006 AND COMMENCED OPERATIONS ON AUGUST 25, 2006 AS A NONPROFIT CORPORATION TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF THE EASTSIDE CHARTER SCHOOL (A PUBLIC CHARTER SCHOOL CHARTERED UNDER THE PROVISIONS OF DELAWARE STATE LAW 14 DEL. C. CHAPTER 5). THE FOUNDATION'S PRIMARY ACTIVITY IS FUND RAISING AND ANY OTHER ACTIVITIES NECESSARY TO SUPPORT THE EASTSIDE CHARTER SCHOOL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,421,167

Program Service Revenue $0

Investment Income $298,236

Other Revenue $720

TOTAL REVENUE $2,720,123

Expense Breakdown

Grants Paid $3,664,150

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,807,926

Other Expenses $186,853

TOTAL EXPENSES $3,851,003

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,720,123	$4,263,048	-0.4%
Expenses	$3,851,003	$2,548,485	+0.5%
Net Income	$-1,130,880	$1,714,563	-1.7%

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

$467,841

Total Directors

$155,314

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID MCBRIDE	BOARD MEMBER	1.00	Director	$0	$0	$0
CECIL GORDON MD	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
RICK TAGLIONE	TREASURER	1.00	Officer Director	$0	$0	$0
CHARLES H TOLIVER ESQ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TINU AKEREDOLU	BOARD MEMBER	1.00	Director	$0	$0	$0
SOPHIA CISLER	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTYN DILENNO	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM F FORTUNATO	SECRETARY	1.00	Officer Director	$0	$0	$0
RENEE GREENE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES MCDOWELL ESQUIRE	CEO	4.00	Officer Director	$0	$0	$0
MAURICE RAGLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE REARDON	BOARD MEMBER	1.00	Director	$0	$0	$0
OWEN RICCIARDI	BOARD MEMBER	1.00	Director	$0	$0	$0
KAIRLYN MILES-SMITH	TEACHER REPRESENTATIVE	1.00	Director	$0	$52,868	$155,314
KATRESE THOMAS	PARENT REPRESENTATIVE	1.00	Director	$0	$0	$0
JOCELYN STEWART	BOARD MEMBER	1.00	Director	$0	$0	$0
DOLAN BLAKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
NAJWA CORUM	BOARD MEMBER	1.00	Director	$0	$0	$0
AARON BASS	EX-OFFICIO	1.00	Officer	$0	$92,614	$275,954
NICHOLAS MEDAGLIO	CFO	1.00	Officer	$0	$61,716	$191,887

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	$2,720,123	$3,851,003	$18,663,100	$-1,130,880
2024	$4,263,048	$2,548,485	$17,125,210	$1,714,563
2023	$5,997,560	$1,108,514	$14,600,548	$4,889,046
2022	$7,119,554	$801,650	$9,736,066	$6,317,904
2021	$479,251	$632,824	$3,510,290	$-153,573
2020	$448,836	$680,210	$3,417,453	$-231,374
2019	$495,735	$956,743	$3,747,804	$-461,008
2018	$836,535	$925,747	$4,190,940	$-89,212

FIRST COMMUNITY FOUNDATION F/K/A EASTSIDE COMMUNITY LEARNING CENTER