Southwestern Community College Foundation Inc

EIN: 237322352 501(c)(3) Education

Sylva, NC

Total Revenue
$1,098,590
Total Expenses
$398,831
Total Assets
$10,185,942
Net Assets
$10,185,942
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
NC
Principal Officer
Tina Wilson
Phone
8283994366
Tax Period
2024-07-01 to 2025-06-30

Southwestern Community College Foundation Inc, founded in 1973, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $700K, a strong 64% operating margin.

Mission

The Foundation, through its initiatives, partners with Southwestern Community College in its efforts to offer high-quality, innovative instruction and support, which promotes student achievement, academic excellence and economic development.

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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 $597,563
Program Service Revenue $0
Investment Income $498,061
Other Revenue $2,966
TOTAL REVENUE $1,098,590

Expense Breakdown

Grants Paid $287,297
Salaries & Benefits $0
Fundraising Expenses $1,181
Program Expenses $333,478
Other Expenses $111,534
TOTAL EXPENSES $398,831

Year-over-Year Comparison

2024 2023 Change
Revenue $1,098,590 $870,217 +0.3%
Expenses $398,831 $327,257 +0.2%
Net Income $699,759 $542,960 +0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
17
Employees
N/A
Volunteers
30

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
6
$67,782
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Evan Hatch Executive Director 40.00
Officer
$0 $21,400 $67,782
Dr Don Tomas President 12.00
Officer Director
$0 $0 $0
Diane Sherrill Chair 2.00
Officer Director
$0 $0 $0
Jenny Holland Immediate Past Chair 1.00
Officer Director
$0 $0 $0
Lisa Kim Fisher CFO, Treasurer 2.00
Officer Director
$0 $0 $0
Lexie Franklin Secretary 1.00
Officer Director
$0 $0 $0
Nikki Adams Board Member 1.00
Director
$0 $0 $0
Kim Albritton Board Member 1.00
Director
$0 $0 $0
Howard Allman Board Member 1.00
Director
$0 $0 $0
Erica Bullock Board Member 1.00
Director
$0 $0 $0
Gail Debnam Board Member 1.00
Director
$0 $0 $0
Lynn Dillard Board Member 1.00
Director
$0 $0 $0
Luke Hyde Board Member 1.00
Director
$0 $0 $0
Brad Hyder Board Member 1.00
Director
$0 $0 $0
Lisa Leatherman Board Member 1.00
Director
$0 $0 $0
Wendy LeMay Board Member 1.00
Director
$0 $0 $0
Terri McElroy Board Member 1.00
Director
$0 $0 $0
Brooks Robinson Board Member 1.00
Director
$0 $0 $0
Carr Tyndall Board Member 1.00
Director
$0 $0 $0
Charles Wolfe Board Member 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
2025 $1,098,590 $398,831 $10,185,942 $699,759
2024 $870,217 $327,257 $8,902,283 $542,960
2023 $574,587 $295,660 $7,639,625 $278,927
2022 $1,109,080 $273,133 $6,658,151 $835,947
2021 $2,015,919 $318,530 $7,672,280 $1,697,389
2020 $415,809 $291,645 $5,974,972 $124,164
2019 $359,012 $285,345 $5,844,384 $73,667
2018 $395,668 $194,998 $5,560,546 $200,670
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