MHC ACADEMIC FOUNDATION (EIN 208407010) - 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

Phone

2764034445

Tax Period

2023-07-01 to 2024-06-30

NEW COLLEGE FOUNDATION, founded in 2006, is a small nonprofit in the Education sector that reported $714K in total revenue in fiscal year 2018. Revenue decreased 15% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 98% operating deficit.

Mission

TO PROVIDE FINANCIAL AND OTHER SUPPORT FOR THE DISSEMINATION OF EDUCATION IN MARTINSVILLE AND HENRY COUNTY, VIRGINIA, INCLUDING BUT NOT LIMITED TO SUPPORT OF NEW COLLEGE INSTITUTE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $-18,835

Program Service Revenue $0

Investment Income $782,137

Other Revenue $0

TOTAL REVENUE $763,302

Expense Breakdown

Grants Paid $58,165

Salaries & Benefits $89,816

Fundraising Expenses $0

Program Expenses $77,871

Other Expenses $135,902

TOTAL EXPENSES $283,883

Year-over-Year Comparison

	2023	2022	Change
Revenue	$763,302	$669,738	+0.1%
Expenses	$283,883	$320,979	-0.1%
Net Income	$479,419	$348,759	+0.4%

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

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

$79,700

Total Directors

$1,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN DEKONINCK	Executive Dir.	40.00	Officer	$78,500	$0	$78,500
SIMONE REDD	CHAIRWOMAN	1.50	Officer Director	$1,200	$0	$1,200
CARY WRIGHT	MEMBER	1.50	Director	$0	$0	$0
SCHNIKA HODGE	Secretary	1.50	Officer Director	$0	$0	$0
DR JAMES ROUNTREE	VICE CHAIR	1.50	Officer Director	$0	$0	$0
JONATHAN MARTIN	Treasurer	1.50	Officer Director	$0	$0	$0
DR RACHEL HODGE	MEMBER	1.50	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	$763,302	$283,883	$14,498,458	$479,419
2023	$669,738	$320,979	$13,028,839	$348,759
2022	$1,115,149	$483,835	$12,178,988	$631,314
2021	$-5,080,920	$1,222,019	$13,547,909	$-6,302,939
2020	$668,271	$1,297,082	$18,524,191	$-628,811
2019	$713,871	$1,416,855	$19,344,867	$-702,984

MHC ACADEMIC FOUNDATION