Meridian Community College Foundation (EIN 237086275) - 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

1979

Legal Domicile

Principal Officer

Leia A Hill

Phone

6014848612

Tax Period

2024-07-01 to 2025-06-30

Meridian Community College Foundation, founded in 1979, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $31.7M represent 126 months of operating reserves.

Mission

To provide educational assistance to students through scholarships and enhancing performance of faculty and staff by providing grants for post-graduate study and career improvements. Additional detail on Sch O.

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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 $2,056,979

Program Service Revenue $0

Investment Income $814,592

Other Revenue $150,219

TOTAL REVENUE $3,021,790

Expense Breakdown

Grants Paid $2,314,255

Salaries & Benefits $408,009

Fundraising Expenses $4,000

Program Expenses $2,314,255

Other Expenses $249,434

TOTAL EXPENSES $2,975,698

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,021,790	$2,742,626	+0.1%
Expenses	$2,975,698	$2,071,888	+0.4%
Net Income	$46,092	$670,738	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Russell Thompson	President	001.00	Officer Director	$0	$0	$0
Hampton Thames	Vice Pres	001.00	Officer Director	$0	$0	$0
Pam Harrison	Treasurer	001.00	Officer Director	$0	$0	$0
Leia Hill	Secretary	016.00	Officer Director	$0	$0	$0
B B Archer	Director	001.00	Director	$0	$0	$0
R Jeffrey Smith	Director	001.00	Director	$0	$0	$0
Ray Denton	Director	001.00	Director	$0	$0	$0
Doug Deweese	Director	001.00	Director	$0	$0	$0
Tommy Dulaney	Director	001.00	Director	$0	$0	$0
Hardy P Graham Jr	Director	001.00	Director	$0	$0	$0
Tim Hogan	Director	001.00	Director	$0	$0	$0
Bob Huff	Director	001.00	Director	$0	$0	$0
Mark McPhail	Director	001.00	Director	$0	$0	$0
Tommy McDonald	Director	001.00	Director	$0	$0	$0
Gerry Purvis	Director	001.00	Director	$0	$0	$0
Tony Pompelia	Director	001.00	Director	$0	$0	$0
Rev Dr Tom Sikes	Director	001.00	Director	$0	$0	$0
Donnie Smith	Director	001.00	Director	$0	$0	$0
M L Waters	Director	001.00	Director	$0	$0	$0
Alex Weddington	Director	001.00	Director	$0	$0	$0
Robert Smith	Director	001.00	Director	$0	$0	$0
John G Anderson	Director	001.00	Director	$0	$0	$0
Vel Young Graham	Director	001.00	Director	$0	$0	$0
Steven Cooksey	Director	001.00	Director	$0	$0	$0
Greg Slay	Director	001.00	Director	$0	$0	$0
Henry Thomas	Director	001.00	Director	$0	$0	$0
Donnie Massey	Director	001.00	Director	$0	$0	$0
Barbara Jones	Director	001.00	Director	$0	$0	$0
Larkin Kennedy	Director	001.00	Director	$0	$0	$0
C D Smith	Director	001.00	Director	$0	$0	$0
Chris Phillips	Director	001.00	Director	$0	$0	$0
Tyler Walton	Director	001.00	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	$3,021,790	$2,975,698	$31,981,411	$46,092
2024	$2,742,626	$2,071,888	$28,961,447	$670,738
2023	$3,497,444	$1,729,852	$25,318,654	$1,767,592
2022	$1,609,768	$1,303,521	$21,490,193	$306,247
2021	$1,263,029	$1,239,821	$24,060,675	$23,208
2020	$1,747,688	$1,674,500	$19,907,207	$73,188

Meridian Community College Foundation