COLLEGE OF THE MAINLAND FOUNDATION (EIN 237181343) - 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

1972

Legal Domicile

Principal Officer

TIGE CORNELIUS

Phone

4099338674

Tax Period

2023-09-01 to 2024-08-31

COLLEGE OF THE MAINLAND FOUNDATION, founded in 1972, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2023. Net assets of $8.3M represent 56 months of operating reserves.

Mission

SUPPORT AND ENCOURAGE EDUCATIONAL EXCELLENCE THROUGH THE COLLEGE OF THE MAINLAND. THE FOUNDATION SEEKS TO HEIGHTEN COMMUNITY AWARENESS OF THE MISSION AND ACCOMPLISHMENTS OF THE COLLEGE AND TO FACILITATE THE CREATION OF A STUDENT-CENTERED LEARNING COMMUNITY DEDICATED TO SCHOLARSHIP AND AID FOR EDUCATION.

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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 $1,491,063

Program Service Revenue $0

Investment Income $285,949

Other Revenue $0

TOTAL REVENUE $1,777,012

Expense Breakdown

Grants Paid $1,033,725

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,366,070

Other Expenses $815,517

TOTAL EXPENSES $1,849,242

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,777,012	$1,765,764	+0.0%
Expenses	$1,849,242	$1,436,965	+0.3%
Net Income	$-72,230	$328,799	-1.2%

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

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

$154,442

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA M WATSON	PAST EXEC DI	40.00	Officer	$0	$23,157	$105,860
ANITA GARCIA	INTERIM ACTI	40.00	Officer	$0	$10,627	$48,582
SANDI BELCHER	SECRETARY	1.00	Officer Director	$0	$0	$0
SUMMER CHAPMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS DEVRIES	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DON GARTMAN	TRUSTEE/EX-O	1.00	Director	$0	$0	$0
IVAN LANGFORD	TREASURER	1.00	Officer Director	$0	$0	$0
TABITHA LEWTON	DIRECTOR	1.00	Director	$0	$0	$0
BILL MCGARVEY	TRUSTEE/EX-O	1.00	Director	$0	$0	$0
IMAN MONTGOMERY	DIRECTOR	1.00	Director	$0	$0	$0
DENISE NAVARRO	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
DRWARREN NICHOLS	COM PRESIDEN	1.00	Director	$0	$0	$0
SHANNON OSBORN	DIRECTOR	1.00	Director	$0	$0	$0
GARY SCOGGIN	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
SONNY THOLCKEN	DIRECTOR	1.00	Director	$0	$0	$0
TIGE CORNELIUS	CURRENT EXEC	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
2024	$1,777,012	$1,849,242	$8,648,430	$-72,230
2023	$1,765,764	$1,436,965	$7,812,323	$328,799
2022	$2,571,543	$1,190,971	$7,490,554	$1,380,572
2021	$2,296,452	$712,769	$7,482,559	$1,583,683
2020	$1,912,494	$570,180	$5,411,984	$1,342,314
2019	$733,981	$613,219	$3,723,370	$120,762
2018	$858,868	$765,048	$3,477,949	$93,820

COLLEGE OF THE MAINLAND FOUNDATION