WEST SHORE COMMUNITY COLLEGE FOUNDATION

EIN: 237128810 501(c)(3) Education

Scottville, MI

Total Revenue
$246,667
Total Expenses
$453,483
Total Assets
$12,810,090
Net Assets
$12,709,711
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
MI
Principal Officer
Cornelia Bax
Phone
2318456211
Tax Period
2024-07-01 to 2025-06-30

WEST SHORE COMMUNITY COLLEGE FOUNDATION, founded in 1971, is a small nonprofit in the Education sector that reported $247K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $453K exceeded revenue, resulting in a 84% operating deficit.

Mission

The WSCC Foundation was established in 1971 to promote, establish, maintain, & operate educational activities for West Shore Community College, its students, & the many communities the College serves. Foundation Goals: Provide financial assistance for students, support educational and cultural program development, and encourage academic & professional development.

Program Service Accomplishments

Program 1
Expenses: $28,673 Revenue: $0

The Foundation distributed $28,673 to West Shore Community College for the Performing Arts Program which benefits students as well as local residents.

Program 2
Expenses: $293,287 Revenue: $0

The Foundation distributed $293,287 to West Shore Community College for student scholarships during the academic year.

Program 3
Expenses: $21,667 Revenue: $0

The Foundation distributed $21,667 to the Ice Arena/Rec Center for student and youth scholarships as well as funding of operations. The Ice Arena serves both the student body and local residents.

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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 (2024)

Revenue Breakdown

Contributions & Grants $185,797
Program Service Revenue $0
Investment Income $60,870
Other Revenue $0
TOTAL REVENUE $246,667

Expense Breakdown

Grants Paid $363,252
Salaries & Benefits $0
Fundraising Expenses $8,876
Program Expenses $363,252
Other Expenses $90,231
TOTAL EXPENSES $453,483

Year-over-Year Comparison

2024 2023 Change
Revenue $246,667 $287,813 -0.1%
Expenses $453,483 $507,160 -0.1%
Net Income $-206,816 $-219,347 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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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
10
Independent Members
10
Employees
N/A
Volunteers
10

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
2
$331,228
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Scott Ward WSCC President 5
Officer
$0 $0 $220,836
Crystal Young Executive Director of Public Relations 20
Officer
$0 $0 $110,392
Richard Wilson Director 5
Director
$0 $0 $0
Carolyn Schnepel Director 5
Director
$0 $0 $0
Deborah Smith-Olson Director 5
Director
$0 $0 $0
Zelal Umran Director 5
Director
$0 $0 $0
Thom Hawley Director 5
Director
$0 $0 $0
Gaby Peterson Director 5
Director
$0 $0 $0
Dan Lamore President 5
Director
$0 $0 $0
Willie Reed Secretary/Treasurer 5
Director
$0 $0 $0
William Roach Vice President 5
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 $246,667 $453,483 $12,810,090 $-206,816
2024 $287,813 $507,160 $11,764,669 $-219,347
2023 $486,663 $500,513 $10,462,166 $-13,850
2022 $527,326 $362,348 $9,807,616 $164,978
2021 $544,077 $522,226 $11,230,272 $21,851
2020 $2,019,650 $375,735 $9,525,657 $1,643,915
2019 $786,594 $307,310 $7,721,761 $479,284
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