GORDON STATE COLLEGE FOUNDATION INC (EIN 237271047) - 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

DONALD J GREEN

Phone

6783595124

Tax Period

2023-01-01 to 2023-12-31

GORDON STATE COLLEGE FOUNDATION INC, founded in 1972, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 103% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 42% operating margin.

Mission

TO SUPPORT THE COLLEGE IN ALL ENDEAVORS THAT ARE NOT SUPPORTED BUT SANCTIONED BY THE BOARD OF REGENTS TO INCLUDE BUT NOT LIMITED TO THE FOLLOWING:-SUPPORT THE COLLEGE WITH OUR VISIBLE ATTENDANCE ON CAMPUS AND IN OUR INDIVIDUAL COMMUNITIES;-SUPPORT THE COLLEGE BY CONTINUING TO GIVE TO AND RAISE FUNDS FOR THE FOUNDATION;-SUPPORT THE COLLEGE WITH PRUDENT MANAGEMENT OF THE FOUNDATIONS' ASSETS WHICH ALLOWS THE TRUSTEES TO:1) FUND SCHOLARSHIPS TO DESERVING STUDENTS;2) ACQUIRE PROPERTY FOR THE COLLEGE;3) CONSTRUCT BUILDINGS, IF FINANCIALLY REWARDING;4) CONTRIBUTE TO FACULTY DEVELOPMENT AND SUPPORT;5) FUND ANY NECESSARY OR DESERVING REQUEST OR ACTIVITY FOR THE BENEFIT OF THE COLLEGE IF APPROVED BY A MAJORITY OF THE TRUSTEES.

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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 $1,123,505

Program Service Revenue $644,930

Investment Income $1,025,862

Other Revenue $-17,723

TOTAL REVENUE $2,776,574

Expense Breakdown

Grants Paid $779,193

Salaries & Benefits $0

Fundraising Expenses $10,751

Program Expenses $1,291,429

Other Expenses $834,494

TOTAL EXPENSES $1,613,687

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,776,574	$1,370,562	+1.0%
Expenses	$1,613,687	$1,138,846	+0.4%
Net Income	$1,162,887	$231,716	+4.0%

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

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

$199,565

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONTRESE ADGER FULLER	EXECUTIVE DIRECTOR	16.00	Officer	$76,013	$32,241	$108,254
MEAGAN PEARSON	INTERIM EXECUTIVE DIRECTOR	16.00	Officer	$63,845	$27,466	$91,311
ROBERT L HARRIS	CHAIR	2.00	Officer Director	$0	$0	$0
B WAINE KONG	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RESHANN ADAMS	TREASURER	2.00	Officer Director	$0	$0	$0
DONALD J GREEN	SECRETARY	5.00	Officer Director	$0	$0	$0
KIRK A NOOKS	SECRETARY	5.00	Officer Director	$0	$0	$0
DERRICK R LEWIS	PAST CHAIR	2.00	Director	$0	$0	$0
KEVIN T NAPIER	TRUSTEE, AT-LARGE	2.00	Director	$0	$0	$0
JOEL FULLER	TRUSTEE	1.00	Director	$0	$0	$0
CARSON GLEATON	TRUSTEE	1.00	Director	$0	$0	$0
JAMES L GRANUM	TRUSTEE	1.00	Director	$0	$0	$0
KATHRYN GREEN	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE H HIGHTOWER JR	TRUSTEE	1.00	Director	$0	$0	$0
W CHASE IDOL	TRUSTEE	1.00	Director	$0	$0	$0
TAMARA ISON	TRUSTEE	1.00	Director	$0	$0	$0
CURTIS JENKINS	TRUSTEE	1.00	Director	$0	$0	$0
TERRY KILLINGSWORTH	TRUSTEE	1.00	Director	$0	$0	$0
CECIL MCDANIEL	TRUSTEE	1.00	Director	$0	$0	$0
DEE MCLEROY	TRUSTEE	1.00	Director	$0	$0	$0
DONALD F NEUNER	TRUSTEE	1.00	Director	$0	$0	$0
MARIE PRUETT	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER ROGERS	TRUSTEE	1.00	Director	$0	$0	$0
KIKE SEDA	TRUSTEE	1.00	Director	$0	$0	$0
DAN FULLER	TRUSTEE	1.00	Director	$0	$0	$0
BERT WALL	TRUSTEE	1.00	Director	$0	$0	$0
JAMES J EDWARDS JR	TRUSTEE	1.00	Director	$0	$0	$0
LUCINDA DALLAS	TRUSTEE	1.00	Director	$0	$0	$0
JENEEN ANDREWS	TRUSTEE	1.00	Director	$0	$0	$0
CATHERINE BAITY	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT BLACKSTOCK	TRUSTEE	1.00	Director	$0	$0	$0
T AARON BUICE	TRUSTEE	1.00	Director	$0	$0	$0
ANDY B BUSH	TRUSTEE	1.00	Director	$0	$0	$0
KENNETH E COGGINS	TRUSTEE	1.00	Director	$0	$0	$0
ALAN CONNELL	TRUSTEE	1.00	Director	$0	$0	$0
C WAYNE DODGEN	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL C WHITE	TRUSTEE	1.00	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
2024	No data	No data	No data	No data
2023	$2,776,574	$1,613,687	$29,402,823	$1,162,887
2022	$1,370,562	$1,138,846	$27,088,474	$231,716
2021	$2,619,693	$1,293,144	$30,327,682	$1,326,549
2020	$2,038,712	$1,074,640	$28,451,982	$964,072
2019	$1,628,257	$1,132,577	$26,937,876	$495,680
2018	$-1,138,342	$1,709,825	$25,027,476	$-2,848,167

GORDON STATE COLLEGE FOUNDATION INC