QVCC FOUNDATION INC (EIN 237137794) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

JOSEPH MARKLEY

Phone

8609324174

Tax Period

2023-07-01 to 2024-06-30

QVCC FOUNDATION INC, founded in 1971, is a small nonprofit that reported $867K in total revenue in fiscal year 2023. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $287K, a strong 33% operating margin.

Mission

TO RAISE FUNDS SO THAT ALL RESIDENTS OF NORTHEASTERN CONNECTICUT ARE PROVIDED THE OPPORTUNITY TO ATTEND QUINEBAUG VALLEY COMMUNITY COLLEGE REGARDLESS OF INCOME, AND TO SUPPORT EDUCATIONAL EXCELLENCE, TECHNOLOGICAL ADVANCEMENT, AND PROFESSIONAL DEVELOPMENT AT THE COLLEGE AND TO SERVE AS THE REGIONAL ADVISORY COUNCIL TO THE COLLEGE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $228,221

Program Service Revenue $0

Investment Income $517,385

Other Revenue $121,495

TOTAL REVENUE $867,101

Expense Breakdown

Grants Paid $410,502

Salaries & Benefits $73,725

Fundraising Expenses $15,694

Program Expenses $563,957

Other Expenses $95,424

TOTAL EXPENSES $579,651

Year-over-Year Comparison

	2023	2022	Change
Revenue	$867,101	$482,892	+0.8%
Expenses	$579,651	$326,352	+0.8%
Net Income	$287,450	$156,540	+0.8%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

100

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
MARC ARCHAMBAULT	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL BAKER	DIRECTOR	1.00	Director	$0	$0	$0
BREANNA BOYDEN-ROBBINS	DIRECTOR	1.00	Director	$0	$0	$0
BILL BROWER	DIRECTOR	1.00	Director	$0	$0	$0
PAM BROWN	SECRETARY	1.00	Officer Director	$0	$0	$0
LYNNE COMTOIS	DIRECTOR	1.00	Director	$0	$0	$0
ANNE DUBAY DAUPHINAIS	DIRECTOR	1.00	Director	$0	$0	$0
GENE MICHAEL DEARY	DIRECTOR	1.00	Director	$0	$0	$0
MATT DESAULNIER	DIRECTOR	1.00	Director	$0	$0	$0
DOROTHY DURST	DIRECTOR	1.00	Director	$0	$0	$0
MAE FLEXER	DIRECTOR	1.00	Director	$0	$0	$0
EDDIE GRAFF	DIRECTOR	1.00	Director	$0	$0	$0
RUSTY HAINES	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CELICIA BOYDEN HARDY	DIRECTOR	1.00	Director	$0	$0	$0
DEVON HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
DR KAREN HYNICK	DIRECTOR	1.00	Director	$0	$0	$0
MARK LIGHT	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH MARKLEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN O'KEEFE	DIRECTOR	1.00	Director	$0	$0	$0
JEFF PAUL	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY RAWSON	DIRECTOR	1.00	Director	$0	$0	$0
MARY ROMNEY-SCHAAB	DIRECTOR	1.00	Director	$0	$0	$0
DIANA ROSE	TREASURER	1.00	Officer Director	$0	$0	$0
NIRANJAN THAPALIYA	DIRECTOR	1.00	Director	$0	$0	$0
ROCKY WAGNER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN XELLER	DIRECTOR	1.00	Director	$0	$0	$0
MONIQUE WOLANIN	DIRECTOR	40.00	Officer	$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	$867,101	$579,651	$6,544,369	$287,450
2023	$482,892	$326,352	$5,773,861	$156,540
2022	$480,780	$395,475	$5,166,321	$85,305
2021	$382,802	$394,061	$6,102,068	$-11,259
2020	$392,660	$448,603	$5,139,448	$-55,943
2019	$812,548	$364,992	$4,954,153	$447,556

QVCC FOUNDATION INC