SPRINGFIELD TECHNICAL COMMUNITY COLLEGE FOUNDATION INC

EIN: 222612044 501(c)(3) Education

SPRINGFIELD, MA

Total Revenue
$679,623
Total Expenses
$355,761
Total Assets
$6,033,514
Net Assets
$6,033,514
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
MA
Principal Officer
JENNIFER BROWN
Phone
4137554473
Tax Period
2022-07-01 to 2023-06-30

SPRINGFIELD TECHNICAL COMMUNITY COLLEGE FOUNDATION INC, founded in 1981, is a small nonprofit in the Education sector that reported $680K in total revenue in fiscal year 2022. Revenue surged 7966% from the prior year, signaling strong growth momentum. The organization ran a surplus of $324K, a strong 48% operating margin.

Mission

HELP COLLEGE MEET ITS GOALS AND COMMITMENT TO PROVIDE SUPERIOR EDUCATION OPPORTUNITIES IN THE COMMUNITY. THE FOUNDATION ACCOMPLISHES ITS MISSION THROUGH FUNDRAISING, PROMOTING THE COLLEGE AS A COMMUNITY RESOURCE, AND BY SECURING AND MANAGING PRIVATE RESOURCES, PLANNED GIFTS AND DONATIONS TO SUPPORT SPECIAL PROJECTS.

Program Service Accomplishments

Program 1
Expenses: $158,858

FUNDS OF THE FOUNDATION ARE USED TO PROVIDE STUDENT SUPPORT AND SCHOLARSHIPS, INSTRUCTIONAL INFRASTRUCTURE AND TECHNOLOGY, AND COLLEGE AND COMMUNITY PROGRAMS TO MEET THE REGION'S WORKFORCE AND...

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FUNDS OF THE FOUNDATION ARE USED TO PROVIDE STUDENT SUPPORT AND SCHOLARSHIPS, INSTRUCTIONAL INFRASTRUCTURE AND TECHNOLOGY, AND COLLEGE AND COMMUNITY PROGRAMS TO MEET THE REGION'S WORKFORCE AND ECONOMIC DEVELOPMENT NEEDS.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $276,812
Program Service Revenue $0
Investment Income $332,325
Other Revenue $70,486
TOTAL REVENUE $679,623

Expense Breakdown

Grants Paid $158,858
Salaries & Benefits $0
Fundraising Expenses $99,766
Program Expenses $158,858
Other Expenses $196,903
TOTAL EXPENSES $355,761

Year-over-Year Comparison

2022 2021 Change
Revenue $679,623 $8,426 +79.7%
Expenses $355,761 $506,674 -0.3%
Net Income $323,862 $-498,248 -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

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Liquidity & Cash Position

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Governance

Voting Members
28
Independent Members
27
Employees
N/A
Volunteers
27

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
4
$299,498
Total Directors
28
$299,498
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER BROWN PRESIDENT 5.00
Officer Director
$0 $0 $0
JACQUELINE JOHNSON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
PHIL B GONCALVES TREASURER 1.00
Officer Director
$0 $0 $0
DR JOHN B COOK SECRETARY/COLLEGE PRESIDENT 6.00
Officer Director
$0 $61,001 $299,498
QUNNELL ARNOLD DIRECTOR 1.00
Director
$0 $0 $0
TONIA BUTLER PEREZ DIRECTOR 1.00
Director
$0 $0 $0
EUGENE J CASSIDY DIRECTOR 1.00
Director
$0 $0 $0
CARLOS COLONDRES DIRECTOR 1.00
Director
$0 $0 $0
JOELLE CONNOR DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER DEFORGE DIRECTOR 1.00
Director
$0 $0 $0
SHAUN M DWYER DIRECTOR 1.00
Director
$0 $0 $0
ELLEN W FREYMAN DIRECTOR 1.00
Director
$0 $0 $0
DAMION HARPER DIRECTOR 1.00
Director
$0 $0 $0
DR KEVIN T HINCHEY DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
CAROLYN MCCLENDON DIRECTOR 1.00
Director
$0 $0 $0
DONALD MITCHELL DIRECTOR 1.00
Director
$0 $0 $0
D SCOTT PASQUALE DIRECTOR 1.00
Director
$0 $0 $0
JOANNE OLLSON DIRECTOR 1.00
Director
$0 $0 $0
FRANKLIN D QUIGLEY JR DIRECTOR 1.00
Director
$0 $0 $0
DAVID A PARKE DIRECTOR 1.00
Director
$0 $0 $0
ANTHONY RONDINELLI DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH RYAN DIRECTOR 1.00
Director
$0 $0 $0
FELICIA SEYMOUR DIRECTOR 1.00
Director
$0 $0 $0
SARA N SMITH DIRECTOR 1.00
Director
$0 $0 $0
BRIAN P TUOHEY DIRECTOR 1.00
Director
$0 $0 $0
KARA WOOLRIDGE DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW ZICK 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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $679,623 $355,761 $6,033,514 $323,862
2022 $8,426 $506,674 $5,552,891 $-498,248
2021 $916,218 $647,073 $6,328,264 $269,145
2020 $368,897 $903,724 $5,606,305 $-534,827
2019 $441,145 $1,365,384 $6,161,194 $-924,239
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