Fletcher Technical Community College Foundation Inc (EIN 204415988) - Form 990 Financial Analysis & Trantor Score

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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

Monique Crochet

Phone

9854487900

Tax Period

2024-01-01 to 2024-12-31

Fletcher Technical Community College Foundation Inc, founded in 2006, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Expenses of $2.1M exceeded revenue, resulting in a 93% operating deficit.

Mission

Support and Enhance Fletcher Technical Community Colleges Programs, Facilities, and Overall Mission

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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 $862,313

Program Service Revenue $0

Investment Income $217,306

Other Revenue $6,076

TOTAL REVENUE $1,085,695

Expense Breakdown

Grants Paid $1,805,389

Salaries & Benefits $0

Fundraising Expenses $44,605

Program Expenses $1,876,637

Other Expenses $286,243

TOTAL EXPENSES $2,091,632

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,085,695	$1,128,573	0.0%
Expenses	$2,091,632	$672,262	+2.1%
Net Income	$-1,005,937	$456,311	-3.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marguerite Knight	Director	1.00	Director	$0	$0	$0
Timothy Allen	Past Chair	1.00	Officer Director	$0	$0	$0
Stacy Hebert	Director	1.00	Director	$0	$0	$0
Mike Duplantis	Vice Chair	1.00	Officer Director	$0	$0	$0
Stephen C Smith	Director	1.00	Director	$0	$0	$0
Ben Malbrough	Chair	1.00	Officer Director	$0	$0	$0
Joni Tuck	Director	1.00	Director	$0	$0	$0
Mike Lewis	Director	1.00	Director	$0	$0	$0
Robbie Naquin	Treasurer	1.00	Officer Director	$0	$0	$0
Jay Tipton	Director	1.00	Director	$0	$0	$0
Chris Barker	Director	1.00	Director	$0	$0	$0
DJ Thompson	Director	1.00	Director	$0	$0	$0
Hunter Tieken	Director	1.00	Director	$0	$0	$0
Michelle Folse	Director	1.00	Director	$0	$0	$0
John Warren	Director	1.00	Director	$0	$0	$0
Billy Lawson	Director	1.00	Director	$0	$0	$0
Monique Crochet	Executive Director	5.00	Director	$0	$0	$0
Christy Zeringue	Director	1.00	Director	$0	$0	$0
Farida Brigoli	Director	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
2024	$1,085,695	$2,091,632	$3,758,177	$-1,005,937
2023	$1,128,573	$672,262	$4,744,784	$456,311
2022	$633,603	$1,257,883	$4,246,087	$-624,280
2021	$3,220,607	$1,127,326	$4,924,173	$2,093,281
2020	$497,912	$399,626	$2,769,744	$98,286
2019	$412,644	$462,238	$2,631,702	$-49,594
2018	$756,257	$322,010	$2,603,592	$434,247

Fletcher Technical Community College Foundation Inc