HOLMES COMMUNITY COLLEGE DEVELOPMENT FOUNDATION INC

EIN: 237419273 501(c)(3)

GOODMAN, MS

Total Revenue
$988,276
Total Expenses
$360,844
Total Assets
$12,058,309
Net Assets
$11,987,728
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
MS
Principal Officer
BRADY RICHARDSON
Phone
6624729067
Tax Period
2023-01-01 to 2023-12-31

HOLMES COMMUNITY COLLEGE DEVELOPMENT FOUNDATION INC, founded in 1974, is a small nonprofit that reported $988K in total revenue in fiscal year 2023. Revenue surged 112% from the prior year, signaling strong growth momentum. The organization ran a surplus of $627K, a strong 63% operating margin.

Mission

PROMOTE, ENCOURAGE, ASSIST, AND SUPPORT ALL FORMS OF EDUCATION AND RESEARCH AT HOLMES COMMUNITY COLLEGE THROUGH FUNDING OF SCHOLARSHIPS AND OTHER EDUCATIONAL SUPPORT.

Program Service Accomplishments

Program 1
Expenses: $169,626

PROVIDED SCHOLARSHIPS AND EDUCATIONAL NEEDS AS PROVIDED BY THE TERMS OF CONTRIBUTIONS RECEIVED, TO STUDENTS ATTENDING HOLMES COMMUNITY COLLEGE AT GOODMAN, MS, GRENADA, MS AND RIDGELAND, MS CAMPUSES

Program 2
Expenses: $85,800

FINANCIAL SUPPORT FOR HOLMES COMMUNITY COLLEGE

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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 (2023)

Revenue Breakdown

Contributions & Grants $782,021
Program Service Revenue $0
Investment Income $203,872
Other Revenue $2,383
TOTAL REVENUE $988,276

Expense Breakdown

Grants Paid $255,426
Salaries & Benefits $48,540
Fundraising Expenses $1,980
Program Expenses $255,426
Other Expenses $56,878
TOTAL EXPENSES $360,844

Year-over-Year Comparison

2023 2022 Change
Revenue $988,276 $465,156 +1.1%
Expenses $360,844 $332,455 +0.1%
Net Income $627,432 $132,701 +3.7%
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

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Governance

Voting Members
16
Independent Members
16
Employees
4
Volunteers
N/A

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
4
$8,750
Total Directors
16
$8,750
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRADY RICHARDSON VICE PRESIDE N/A
Officer Director
$0 $0 $0
LYNN WRIGHT DIRECTOR N/A
Director
$0 $0 $0
WILTON NEAL DIRECTOR N/A
Director
$0 $0 $0
EUGENIA COLLINS DIRECTOR N/A
Director
$0 $0 $0
JOHN WALLACE DIRECTOR N/A
Director
$0 $0 $0
JACK HOLMES DIRECTOR N/A
Director
$0 $0 $0
BEN THARP DIRECTOR N/A
Director
$0 $0 $0
JOHN WAYNE VANHORN DIRECTOR N/A
Director
$0 $0 $0
JOHNNY BELK DIRECTOR N/A
Director
$0 $0 $0
MAGGIE GARRETT SECRETARY N/A
Officer Director
$0 $0 $0
JESSIE LEVERETTE PRESIDENT N/A
Officer Director
$0 $0 $0
WIRT HAYES TREASURER 2.00
Officer Director
$8,750 $0 $8,750
ROBBY ROBERTSON DIRECTOR N/A
Director
$0 $0 $0
AUSTIN TAYLOR DIRECTOR N/A
Director
$0 $0 $0
GENE RICHARDSON DIRECTOR N/A
Director
$0 $0 $0
JOE ADAMS DIRECTOR N/A
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 $988,276 $360,844 $12,058,309 $627,432
2022 $465,156 $332,455 $9,868,339 $132,701
2021 $375,531 $335,030 $11,820,231 $40,501
2020 $596,332 $373,599 $10,309,381 $222,733
2019 $481,382 $509,721 $9,513,438 $-28,339
2018 $420,204 $339,234 $7,921,509 $80,970
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