Rockingham Community College Foundation Inc

EIN: 237361816 501(c)(3) Education

Wentworth, NC

Total Revenue
$1,593,517
Total Expenses
$755,423
Total Assets
$24,984,275
Net Assets
$24,984,275
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
NC
Principal Officer
Paul Farrar
Phone
3363424261
Tax Period
2024-07-01 to 2025-06-30

Rockingham Community College Foundation Inc, founded in 1970, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. The organization ran a surplus of $838K, a strong 53% operating margin.

Mission

Assist and support Rockingham Community College in its efforts to enhance individual and community success through education, employment assistance, and business and industry and cultural development.

Program Service Accomplishments

Program 1
Expenses: $620,970 Revenue: $415,950

Campus fund drive and annual giving campaign provide for faculty and staff grants, scholarships and other campus-wide initiatives.

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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 $415,950
Program Service Revenue $0
Investment Income $1,177,567
Other Revenue $0
TOTAL REVENUE $1,593,517

Expense Breakdown

Grants Paid $500,975
Salaries & Benefits $0
Fundraising Expenses $3,216
Program Expenses $620,970
Other Expenses $254,448
TOTAL EXPENSES $755,423

Year-over-Year Comparison

2024 2023 Change
Revenue $1,593,517 $1,621,152 0.0%
Expenses $755,423 $1,598,098 -0.5%
Net Income $838,094 $23,054 +35.4%
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
20
Independent Members
18
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
7
$0
Total Directors
20
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES R WHARTON Director 0.00
Director
$0 $0 $0
RHONDA M HOLLAND VP for Appropriations 0.00
Officer Director
$0 $0 $0
J PLEASANT MCMICHAEL First Vice President 0.00
Officer Director
$0 $0 $0
HOWARD K DUNCAN VP for Investments 0.00
Officer Director
$0 $0 $0
AMY S BROWN President 0.00
Officer Director
$0 $0 $0
MARY MARTIN Secretary 0.00
Officer Director
$0 $0 $0
ROBERT CITTY III Director 0.00
Director
$0 $0 $0
ALAN R ISLEY VP for Resource Dev 0.00
Officer Director
$0 $0 $0
PATRICK K BERGER Director 0.00
Director
$0 $0 $0
JONATHAN JOBE Director 0.00
Director
$0 $0 $0
LAFAYETTE JUDKINS Director 0.00
Director
$0 $0 $0
TERESA KNOWLES Director 0.00
Director
$0 $0 $0
RICHARD POWELL Treasurer 0.00
Officer Director
$0 $0 $0
MICKY SILVERS Director 0.00
Director
$0 $0 $0
CHRISTINE F STRADER Director 0.00
Director
$0 $0 $0
MARK O KINLAW Retired RCC President 0.00
Director
$0 $0 $0
RANDY JUDKINS RCC Board Chair 0.00
Director
$0 $0 $0
BRANDON LEEBRICK Director 0.00
Director
$0 $0 $0
STEPHANIE TRENT Director 0.00
Director
$0 $0 $0
NEVILLE HALL Director 0.00
Director
$0 $0 $0
PAUL FARRAR Executive Director 0.00
Key Emp
$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 $1,593,517 $755,423 $24,984,275 $838,094
2024 $1,621,152 $1,598,098 $22,548,969 $23,054
2023 $349,644 $491,996 $20,742,207 $-142,352
2022 $2,071,685 $466,689 $18,886,695 $1,604,996
2021 $1,487,735 $490,958 $22,093,041 $996,777
2019 $1,144,186 $1,062,222 $17,548,676 $81,964
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