WAKE TECHNICAL COMMUNITY COLLEGE FOUNDATION (EIN 237017752) - 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

1968

Legal Domicile

Principal Officer

MATTHEW SMITH

Phone

9198665924

Tax Period

2024-07-01 to 2025-06-30

WAKE TECHNICAL COMMUNITY COLLEGE FOUNDATION, founded in 1968, is a community nonprofit in the Education sector that reported $7.8M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.7M, a strong 47% operating margin.

Mission

THE WAKE TECH FOUNDATION PARTNERS WITH PRIVATE ENTITIES AND INDIVIDUALS TO RAISE AWARENESS, FINANCIAL RESOURCES, AND OTHER ASSETS IN SUPPORT OF WAKE TECHNICAL COMMUNITY COLLEGE'S MISSION, GOALS, AND FUNDING PRIORITIES.

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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 $5,485,663

Program Service Revenue $0

Investment Income $2,331,087

Other Revenue $27,998

TOTAL REVENUE $7,844,748

Expense Breakdown

Grants Paid $1,362,175

Salaries & Benefits $507,932

Fundraising Expenses $45,057

Program Expenses $3,562,626

Other Expenses $2,285,926

TOTAL EXPENSES $4,156,033

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,844,748	$5,482,946	+0.4%
Expenses	$4,156,033	$3,106,505	+0.3%
Net Income	$3,688,715	$2,376,441	+0.6%

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

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

$448,494

Total Directors

$830,082

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILL SMITH	CHAIR	1.00	Officer Director	$0	$0	$0
TIM BURGESS	TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT RALLS	SECRETARY	1.00	Officer Director	$0	$48,761	$448,494
MATT SMITH	DIRECTOR/VP OF DEVELOPMENT	1.00	Director	$0	$20,815	$224,012
SCARLET EDWARDS	DIRECTOR/ASSOCIATE VP	1.00	Director	$0	$22,810	$157,576
ANGELA BOYKIN	DIRECTOR	1.00	Director	$0	$0	$0
AUDREA CAESAR	DIRECTOR	1.00	Director	$0	$0	$0
DR CHHAVI CHAUHAN	DIRECTOR	1.00	Director	$0	$0	$0
ALBERT ECKEL	DIRECTOR	1.00	Director	$0	$0	$0
TOMESAH HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
TONY HOLMES	DIRECTOR	1.00	Director	$0	$0	$0
EHSAN KHANI	DIRECTOR	1.00	Director	$0	$0	$0
DANA MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
NICK NEPTUNE	DIRECTOR	1.00	Director	$0	$0	$0
CARNESSA OTTELIN	DIRECTOR	1.00	Director	$0	$0	$0
GREG POOL IV	DIRECTOR	1.00	Director	$0	$0	$0
KAREN SCHAEFER	DIRECTOR	1.00	Director	$0	$0	$0
BRIANA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MARSHALL STEIN	DIRECTOR	1.00	Director	$0	$0	$0
MARI SUZUKI	DIRECTOR	1.00	Director	$0	$0	$0
ANNA TISON	DIRECTOR	1.00	Director	$0	$0	$0
SOPHIA WAJNERT	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN WALKER	DIRECTOR	1.00	Director	$0	$0	$0
JEN WILLIS	DIRECTOR	1.00	Director	$0	$0	$0
PAT WILKINS	DIRECTOR	1.00	Director	$0	$0	$0
SHARMA VEMURI	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE VANNAIS	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	$7,844,748	$4,156,033	$35,143,408	$3,688,715
2024	$5,482,946	$3,106,505	$31,157,263	$2,376,441
2023	$4,659,073	$3,281,389	$27,817,529	$1,377,684
2022	$5,743,743	$2,826,779	$24,851,874	$2,916,964
2021	$5,200,249	$1,810,528	$25,733,334	$3,389,721
2020	$4,575,609	$2,144,183	$20,082,405	$2,431,426
2019	$2,448,857	$1,837,534	$17,998,405	$611,323
2018	$3,950,579	$1,556,472	$16,504,280	$2,394,107

WAKE TECHNICAL COMMUNITY COLLEGE FOUNDATION