COASTAL CAROLINA COMMUNITY COLLEGE FOUNDATION INC (EIN 237116472) - 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

DAVID L HEATHERLY

Phone

9109386234

Tax Period

2023-07-01 to 2024-06-30

COASTAL CAROLINA COMMUNITY COLLEGE FOUNDATION INC, founded in 1970, is a small nonprofit in the Education sector that reported $373K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $101K, a strong 27% operating margin.

Mission

THE COLLEGE FOUNDATION IS ORGANIZED AND EXISTS TO HELP SUPPORT THE PURPOSE AND OBJECTIVES OF COASTAL CAROLINA COMMUNITY COLLEGE AND TO PROVIDE FINANCIAL AND OTHER SUPPORT BEYOND THAT WHICH CAN BE OBTAINED THROUGH NORMAL SOURCES. FUNDS PROVIDED BY THE FOUNDATION MAY BE USED TO SUPPORT OR PROMOTE ACTIVITIES INCLUDING, BUT NOT LIMITED TO STUDENT SCHOLARSHIPS, CAPITAL OUTLAY, PROCUREMENT OF SPECIAL EQUIPMENT, DEVELOPMENT OF SPECIAL FACILITIES, SUPPORT OF COLLEGE LIBRARY AND PROFESSIONAL DEVELOPMENT FOR STAFF AND FACULTY.

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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 $120,020

Program Service Revenue $39,524

Investment Income $213,714

Other Revenue $0

TOTAL REVENUE $373,258

Expense Breakdown

Grants Paid $196,303

Salaries & Benefits $0

Fundraising Expenses $32,490

Program Expenses $196,303

Other Expenses $75,837

TOTAL EXPENSES $272,140

Year-over-Year Comparison

	2023	2022	Change
Revenue	$373,258	$462,550	-0.2%
Expenses	$272,140	$187,362	+0.5%
Net Income	$101,118	$275,188	-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

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
GREG COOPER	CHAIRMAN	N/A	Director	$0	$0	$0
STEVEN W WANGERIN	INVESTMENT C	N/A	Officer Director	$0	$0	$0
DAVID L HEATHERLY	SECRETARY	N/A	Officer Director	$0	$0	$0
MICHELLE STILES	TREASURER	N/A	Officer Director	$0	$0	$0
JEFF D CLARK	MEMBER	N/A	Director	$0	$0	$0
FELCIA CHURCHWELL	MEMBER	N/A	Director	$0	$0	$0
ROBERT DICKERSON	MEMBER	N/A	Director	$0	$0	$0
ELIZABETH HENDERSON ELKS	MEMBER	N/A	Director	$0	$0	$0
DR PETER EWEJE	MEMBER	N/A	Director	$0	$0	$0
TY HART	MEMBER	N/A	Director	$0	$0	$0
BRANDON MILLS	MEMBER	N/A	Director	$0	$0	$0
CHRIS MONCOURTOIS	MEMBER	N/A	Director	$0	$0	$0
WOODY H MYERS	MEMBER	N/A	Director	$0	$0	$0
RANDY RAMSEY	MEMBER	N/A	Director	$0	$0	$0
MAT C RAYMOND III	MEMBER	N/A	Director	$0	$0	$0
L WARD SYLVESTER III	MEMBER	N/A	Director	$0	$0	$0
AMBER WILLIAMS	MEMBER	N/A	Director	$0	$0	$0
EMILY ELLIS	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
DR THOMAS W BELL JR	PAST CHAIRMA	N/A	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	$373,258	$272,140	$9,494,642	$101,118
2023	$462,550	$187,362	$8,453,545	$275,188
2022	$289,468	$157,401	$7,533,897	$132,067
2021	$678,153	$140,922	$8,537,278	$537,231
2020	$430,720	$209,116	$6,663,940	$221,604
2019	$303,546	$202,684	$6,366,135	$100,862

COASTAL CAROLINA COMMUNITY COLLEGE FOUNDATION INC