MONTGOMERY COUNTY COMMUNITY COLLEG… - 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

1983

Legal Domicile

Principal Officer

JAY BROWNING

Phone

2156416603

Tax Period

2022-07-01 to 2023-06-30

MONTGOMERY COUNTY COMMUNITY COLLEGE FOUNDATION, founded in 1983, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2022. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $2.6M exceeded revenue, resulting in a 68% operating deficit.

Mission

THE MONTGOMERY COUNTY COMMUNITY COLLEGE FOUNDATION IS THE DESIGNATED TAX-EXEMPT CHARITABLE ARM OF THE COLLEGE. THE FOUNDATION'S PURPOSE IS TO RAISE FUNDS TO ASSIST THE COLLEGE IN DEVELOPING PROGRAMS, FACILITIES, AND SERVICES TO ENHANCE AND ENRICH STUDENT LIFE AND TO MAINTAIN A TRADITION OF EDUCATIONAL EXCELLENCE.

Program Service Accomplishments

Program 1

Expenses: $880,934

SCHOLARSHIPS: THROUGH THE GENEROUS SUPPORT FROM OUR ALUMNI AND FRIENDS, FOUNDATIONS, CORPORATIONS, AND OTHER VALUED PARTNERS, THE FOUNDATION IS ABLE TO PROVIDE SCHOLARSHIPS AND SUPPORT TO MONTGOMERY COUNTY COMMUNITY COLLEGE STUDENTS. WITH THIS SUPPORT, STUDENTS CONTINUE TO RECEIVE THE EDUCATION AND SKILLS NEEDED TO MAKE A DIFFERENCE IN OUR LOCAL WORKFORCE AND ECONOMY.

Program 2

Expenses: $548,129

COLLEGE PROGRAM: EXPENDITURES WERE MADE TO PROVIDE THE COLLEGE THE NECESSARY FUNDING TO OPERATE VARIOUS EDUCATIONAL PROGRAMS, THE CULTURAL ARTS, AND OTHER MISCELLANEOUS STUDENT SUPPORT SERVICES. THE COLLEGE OFFERS ASSOCIATE IN ARTS (AA), ASSOCIATE IN SCIENCE (AS), AND ASSOCIATE IN FINE ARTS (AFA) DEGREES ALL DESIGNED PRIMARILY FOR STUDENT TRANSFER TO FOUR-YEAR INSTITUTIONS AS WELL AS THE ASSOCIATE IN GENERAL STUDIES (AGS) AND THE ASSOCIATE IN APPLIED SCIENCE (AAS) DEGREES DESIGNED PRIMARILY FOR STUDENTS ENTERING THE WORKFORCE UPON GRADUATION. OUR CERTIFICATES ARE ALSO DESIGNED FOR STUDENTS WHO WISH TO ENTER THE WORKFORCE UPON GRADUATION AND ARE OFTEN SEEN BY STUDENTS AND EMPLOYERS AS AN OPPORTUNITY TO UPGRADE OR GAIN ADDITIONAL SKILLS. FINE ARTS AND TECHNOLOGY:THESE FUNDS WERE EXPENDED IN SUPPORT OF THE FINE ARTS CENTER TO INCREASE OPPORTUNITIES FOR STUDENTS AND COMMUNITY MEMBERS TO PURSUE FORMAL DEGREES AND VOCATIONAL INTERESTS IN THE FINE AND PERFORMING ARTS. FUNDS WERE ALSO EXPENDED TO SUPPORT THE ADVANCED TECHNOLOGY CENTER, WHICH OFFERS PROGRAMS IN BIOTECHNOLOGY, COMMUNICATION, AND COMPUTER SCIENCE, AS WELL AS THE COLLEGE'S INFORMATION TECHNOLOGY OFFICES. FEATURES INCLUDE STATE-OF-THE-ART LABORATORIES, CLASSROOMS, RECORDING STUDIOS, AN OBSERVATORY, TV STUDIO, MONTCO RADIO STATION, AND THE PORTAL CAFE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,522,522

Program Service Revenue $0

Investment Income $43,917

Other Revenue $-5,910

TOTAL REVENUE $1,560,529

Expense Breakdown

Grants Paid $1,429,063

Salaries & Benefits $0

Fundraising Expenses $244,943

Program Expenses $1,429,063

Other Expenses $1,188,696

TOTAL EXPENSES $2,629,164

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,560,529	$2,851,675	-0.5%
Expenses	$2,629,164	$2,298,010	+0.1%
Net Income	$-1,068,635	$553,665	-2.9%

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

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

$371,953

Total Directors