DAVIDSON-DAVIE COMMUNITY COLLEGE

EIN: 237079347 501(c)(3)

LEXINGTON, NC

Total Revenue
$4,541,050
Total Expenses
$1,109,305
Total Assets
$29,315,385
Net Assets
$29,314,786
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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
NC
Principal Officer
JEREMY HIATT
Tax Period
2023-07-01 to 2024-06-30

DAVIDSON-DAVIE COMMUNITY COLLEGE, founded in 1968, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.4M, a strong 76% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS AND OTHER FORMS OF SUPPORT FOR THE STUDENTS OF DAVIDSON-DAVIE COMMUNITY COLLEGE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $908,190
Program Service Revenue $0
Investment Income $3,593,049
Other Revenue $39,811
TOTAL REVENUE $4,541,050

Expense Breakdown

Grants Paid $833,854
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $833,854
Other Expenses $275,451
TOTAL EXPENSES $1,109,305

Year-over-Year Comparison

2023 2022 Change
Revenue $4,541,050 $2,952,859 +0.5%
Expenses $1,109,305 $1,410,734 -0.2%
Net Income $3,431,745 $1,542,125 +1.2%
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

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Governance

Voting Members
30
Independent Members
30
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
3
$0
Total Directors
26
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chad FULLER Director 1.00
Director
$0 $0 $0
CHUCK MCCONKEY Director 1.00
Director
$0 $0 $0
JOSH HEDRICK DIRECTOR 1.00
Director
$0 $0 $0
KEVIN WHITE Director 1.00
Director
$0 $0 $0
MATT WELBORN DIRECTOR 1.00
Director
$0 $0 $0
Danny SQUIRES Director 1.00
Director
$0 $0 $0
JED ORMAN DIRECTOR 1.00
Director
$0 $0 $0
ATALIA CARDENAS DIRECTOR 1.00
Director
$0 $0 $0
JUSTIN FINCH DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM STEED DIRECTOR 1.00
Director
$0 $0 $0
JENNY VARNER DIRECTOR 1.00
Director
$0 $0 $0
JERRY SMITH DIRECTOR 1.00
Director
$0 $0 $0
REBECCA SULLIVAN Director 1.00
Director
$0 $0 $0
MELANIE CROWDER DIRECTOR 2.00
Director
$0 $0 $0
KIM STANBERY Director 1.00
Director
$0 $0 $0
CAMMIE WEBB DIRECTOR 1.00
Director
$0 $0 $0
TAMMY JOYCE DIRECTOR 1.00
Director
$0 $0 $0
Carolyn MCMANAMY DIRECTOR 1.00
Director
$0 $0 $0
TERESA KINES Director 1.00
Director
$0 $0 $0
JEFF MCINTYRE Director 1.00
Director
$0 $0 $0
ELIZABETH GEE Director 1.00
Director
$0 $0 $0
KARL MILLIREN Director 1.00
Director
$0 $0 $0
GEORGE FOUTS DIRECTOR 1.00
Director
$0 $0 $0
PHYLLIS PENRY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
TERRY RENEGAR President 2.00
Officer Director
$0 $0 $0
JEREMY HIATT TREASURER 2.00
Officer 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 $4,541,050 $1,109,305 $29,315,385 $3,431,745
2023 $2,952,859 $1,410,734 $25,956,302 $1,542,125
2022 $1,408,332 $3,557,637 $24,341,716 $-2,149,305
2021 $4,902,272 $970,677 $26,490,221 $3,931,595
2020 $1,128,581 $1,045,684 $22,562,019 $82,897
2019 $1,557,996 $891,439 $22,488,777 $666,557
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