MIDLANDS TECHNICAL COLLEGE FOUNDATION INC (EIN 237085753) - 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

1970

Legal Domicile

Principal Officer

NANCY L MCKINNEY

Phone

8037325355

Tax Period

2023-07-01 to 2024-06-30

MIDLANDS TECHNICAL COLLEGE FOUNDATION INC, founded in 1970, is a community nonprofit in the Education sector that reported $3.8M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $2.3M, a strong 60% operating margin.

Mission

TO BUILD MEANINGFUL RELATIONSHIPS WITH DONORS THAT LEAD TO GIFTS THAT SUPPORT THE MISSION OF MIDLANDS TECHNICAL COLLEGE TO PREPARE STUDENTS FOR SUCCESS IN THE WORKFORCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,676,079

Program Service Revenue $0

Investment Income $926,919

Other Revenue $197,254

TOTAL REVENUE $3,800,252

Expense Breakdown

Grants Paid $507,111

Salaries & Benefits $364,232

Fundraising Expenses $126,090

Program Expenses $1,244,837

Other Expenses $646,568

TOTAL EXPENSES $1,517,911

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,800,252	$4,512,505	-0.2%
Expenses	$1,517,911	$2,337,747	-0.4%
Net Income	$2,282,341	$2,174,758	+0.0%

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

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

$361,529

Total Directors

$361,529

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR RONALD L RHAMES	PRES. MID TE	1.00	Officer Director	$135,132	$0	$361,529
JAMES L BRAUN	CHAIR	1.00	Officer Director	$0	$0	$0
DAN BRUINSMA	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTIAN STORMER CPA	TREASURER	2.00	Officer Director	$0	$0	$0
STEPHANIE DEFREESE	TRUSTEE	1.00	Director	$0	$0	$0
DAVID E DUBBERLY	TRUSTEE	1.00	Director	$0	$0	$0
KRISTI EIDSON	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY GRIFFIN	TRUSTEE	1.00	Director	$0	$0	$0
CHERYL HOLLAND	TRUSTEE	1.00	Director	$0	$0	$0
JOHN GRIGGS III	TRUSTEE	1.00	Director	$0	$0	$0
WILLIS LANGLEY III	TRUSTEE	1.00	Director	$0	$0	$0
SANDRA J JACKSON	COMMISSION C	1.00	Officer Director	$0	$0	$0
WALTER J JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
ANGELLE LABORDE	TRUSTEE	1.00	Director	$0	$0	$0
NANCY L MCKINNEY	CEO	40.00	Officer Director	$0	$0	$0
DEREK RAPER	TRUSTEE	1.00	Director	$0	$0	$0
JAMES D REYNOLDS	TRUSTEE EMER	1.00	Director	$0	$0	$0
VAUGHN K REYNOLDS	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS E PERSONS SR	TRUSTEE EMER	1.00	Director	$0	$0	$0
DEBBIE WALKER	EX OFFICIO	1.00	Director	$0	$0	$0
KATHERINE BLANCHARD WHITTLE	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS ZIMMER	TRUSTEE	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	$3,800,252	$1,517,911	$20,549,993	$2,282,341
2023	$4,512,505	$2,337,747	$17,276,422	$2,174,758
2022	$2,613,811	$1,370,359	$15,088,733	$1,243,452
2021	$2,395,413	$1,121,832	$15,711,907	$1,273,581
2020	$1,074,934	$1,050,534	$12,623,815	$24,400
2019	$1,793,591	$958,281	$12,547,554	$835,310

MIDLANDS TECHNICAL COLLEGE FOUNDATION INC