Pitt Community College Foundation … - Form 990 Financial Data

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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

1973

Legal Domicile

Principal Officer

Mrs Beth Sigmon

Phone

2524937287

Tax Period

2024-07-01 to 2025-06-30

Pitt Community College Foundation Inc, founded in 1973, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. The organization ran a surplus of $693K, a strong 44% operating margin.

Mission

Pitt Community College Foundation's purpose is to receive gifts and secure external resources for scholarships, academic programs, and other activities of Pitt Community College.

Program Service Accomplishments

Program 1

Expenses: $806,900 Revenue: $1,177,965

Contributions to Pitt Community College for Scholarships, Student Activities, Athletics, and Campus Construction Projects.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,041,979

Program Service Revenue $0

Investment Income $384,430

Other Revenue $135,986

TOTAL REVENUE $1,562,395

Expense Breakdown

Grants Paid $385,142

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $806,900

Other Expenses $484,453

TOTAL EXPENSES $869,595

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,562,395	$1,532,794	+0.0%
Expenses	$869,595	$886,489	0.0%
Net Income	$692,800	$646,305	+0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mr Gary Evans	Chairman	2.00	Officer Director	$0	$0	$0
Mr Dan Taylor	Vice-Chair	2.00	Officer Director	$0	$0	$0
Mr Ricky Brown	Treasurer	4.00	Officer Director	$0	$0	$0
Mr Randy Collier	Imm. Past Chair	2.00	Officer Director	$0	$0	$0
Ms Jennifer King Congleton	Secretary	2.00	Officer Director	$0	$0	$0
Mr Buddy Holt	Director	0.50	Director	$0	$0	$0
Mr Don Rhodes	Director	0.50	Director	$0	$0	$0
Mr John Carrere	Director	0.50	Director	$0	$0	$0
Ms Kathy Frazier	Director	0.50	Director	$0	$0	$0
Ms Simone Pate	Secretary	0.50	Director	$0	$0	$0
Mr Miles Minges	Director	0.50	Director	$0	$0	$0
Ms Sylvia Craft	Director	0.50	Director	$0	$0	$0
Mr Bill Brown	Director	0.50	Director	$0	$0	$0
Ms Betty Langston	Director	0.50	Director	$0	$0	$0
Mr Melvin McLawhorn	Director	0.50	Director	$0	$0	$0
Ms Rachel Whitten	Director	0.50	Director	$0	$0	$0
Mr Brian Wing	Director	0.50	Director	$0	$0	$0
Ms Marianne Cox	Director	4.00	Director	$0	$0	$0
Mr Thomas Stroud	Director	0.50	Director	$0	$0	$0
Ms Diane Waters	Director	0.50	Director	$0	$0	$0
Dr Maria Pharr	Director	0.50	Director	$0	$0	$0
Mr Charles Ellis	Director	0.50	Director	$0	$0	$0
Ms Madison Everette	Director	0.50	Director	$0	$0	$0
Mr Lindsey Griffin	Trustee	0.50	Director	$0	$0	$0
Ms Lori Preast	Director	0.50	Director	$0	$0	$0
Mr Jonathan Taft	Director	0.50	Director	$0	$0	$0
Mrs Beth Sigmon	Executive Dir.	40.00	Director	$0	$0	$0
Ms Brooke Wetherington	Director	0.50	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	$1,562,395	$869,595	$10,255,732	$692,800
2024	$1,532,794	$886,489	$8,994,291	$646,305
2023	$1,913,782	$5,557,036	$7,847,696	$-3,643,254
2022	$2,691,857	$644,199	$10,981,550	$2,047,658
2021	$1,073,860	$703,364	$9,806,064	$370,496
2020	$2,058,963	$746,863	$8,908,721	$1,312,100
2019	$1,212,928	$852,805	$7,624,747	$360,123

Pitt Community College Foundation Inc