FRIENDS OF MCHENRY COUNTY COLLEGE FOUNDATION (EIN 237418071) - 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

1966

Legal Domicile

Principal Officer

STEVEN RANKINS

Phone

8154558721

Tax Period

2023-07-01 to 2024-06-30

FRIENDS OF MCHENRY COUNTY COLLEGE FOUNDATION, founded in 1966, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2017. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $4.4M exceeded revenue, resulting in a 55% operating deficit.

Mission

TOGETHER WITH OUR COMMUNITY WE BUILD FINANCIAL SUPPORT FOR STUDENT LEARNING AND SUCCESS.

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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 $3,851,046

Program Service Revenue $0

Investment Income $757,612

Other Revenue $30,695

TOTAL REVENUE $4,639,353

Expense Breakdown

Grants Paid $6,464,591

Salaries & Benefits $0

Fundraising Expenses $34,081

Program Expenses $6,469,891

Other Expenses $149,874

TOTAL EXPENSES $6,614,465

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,639,353	$6,410,523	-0.3%
Expenses	$6,614,465	$874,633	+6.6%
Net Income	$-1,975,112	$5,535,890	-1.4%

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

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

$109,258

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN RANKINS	PRESIDENT	8.00	Officer Director	$0	$0	$0
ROB GETTY	TREASURER	8.00	Officer Director	$0	$0	$0
ANN SCHIRK	SECRETARY	8.00	Officer Director	$0	$0	$0
JOHN SCHUETTE	VICE PRESIDENT	8.00	Officer Director	$0	$0	$0
LAURIE RETZLAFF	BOARD MEMBER	4.00	Director	$0	$0	$0
COLE BREESE	BOARD MEMBER	4.00	Director	$0	$0	$0
ALEXA MALOUF	BOARD MEMBER	4.00	Director	$0	$0	$0
CHRISTOPHER MERRELL	BOARD MEMBER	4.00	Director	$0	$0	$0
ROB REVAK	BOARD MEMBER	4.00	Director	$0	$0	$0
COREY TAFOYA	BOARD MEMBER	4.00	Director	$0	$0	$0
GLORIA VAN HOF	BOARD MEMBER	4.00	Director	$0	$0	$0
ERIN BOERMAN	BOARD MEMBER	4.00	Director	$0	$0	$0
MARY CATHERINE SCHULTZ	BOARD MEMBER	4.00	Director	$0	$0	$0
RICHARD PAYSON	BOARD MEMBER	4.00	Director	$0	$0	$0
LINNEA KOOISTRA	BOARD MEMBER	4.00	Director	$0	$0	$0
CHARLOTTE DIOGUARDI	BOARD MEMBER	4.00	Director	$0	$0	$0
MAGDALENA RIVERA	BOARD MEMBER	4.00	Director	$0	$0	$0
BRIAN DIBONA	EXECUTIVE DIRECTOR	40.00	Officer	$0	$13,872	$109,258

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	No data	No data	No data	No data
2024	$4,639,353	$6,614,465	$19,772,906	$-1,975,112
2023	$6,410,523	$874,633	$16,404,668	$5,535,890
2022	$911,060	$913,020	$10,631,591	$-1,960
2021	$4,550,209	$795,002	$10,614,095	$3,755,207
2020	$697,671	$3,932,485	$5,888,577	$-3,234,814
2019	$3,833,450	$3,329,862	$9,329,938	$503,588
2018	$2,864,423	$4,448,960	$8,596,626	$-1,584,537

FRIENDS OF MCHENRY COUNTY COLLEGE FOUNDATION