CLARK STATE COLLEGE FOUNDATION (EIN 310937036) - 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

1968

Legal Domicile

Principal Officer

KATHERINE HOPTRY

Tax Period

2022-07-01 to 2023-06-30

CLARK STATE COLLEGE FOUNDATION, founded in 1968, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2022. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $1.1M left a modest 8% surplus.

Mission

THE FOUNDATION AIDS AND PROMOTES EDUCATION AT CLARK STATE COLLEGE AND PROVIDES SCHOLARSHIPS AND LOANS TO ITS STUDENTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $287,618

Program Service Revenue $0

Investment Income $852,270

Other Revenue $44,792

TOTAL REVENUE $1,184,680

Expense Breakdown

Grants Paid $582,187

Salaries & Benefits $242,281

Fundraising Expenses $24,828

Program Expenses $870,930

Other Expenses $264,821

TOTAL EXPENSES $1,089,289

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,184,680	$14,057,417	-0.9%
Expenses	$1,089,289	$699,506	+0.6%
Net Income	$95,391	$13,357,911	-1.0%

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

Volunteers

125

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

$308,310

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JO ALICE BLONDIN	College Preside	3.00	Director	$0	$65,472	$308,310
MITCH HURST	Director	1.00	Director	$0	$0	$0
NETTIE CARTER-SMITH	Director	1.00	Director	$0	$0	$0
SARAH MAYS	Director	1.00	Director	$0	$0	$0
JOHN A BROWN	Director	1.00	Director	$0	$0	$0
TERA THORNTON	Director	1.00	Director	$0	$0	$0
DR ROBERT HILL	Director	1.00	Director	$0	$0	$0
CINDY BARNETT	Director	1.00	Director	$0	$0	$0
SASHI CHADHA	Director	1.00	Director	$0	$0	$0
SUE EVANS	Director	1.00	Director	$0	$0	$0
DARAGH PORTER	Director	1.00	Director	$0	$0	$0
JO ANN RIGANO	Director	1.00	Director	$0	$0	$0
SHARON DOYLE	Director	1.00	Director	$0	$0	$0
KERRY LEE PEDRAZA	Director	1.00	Director	$0	$0	$0
PEGGY NOONAN	LIAISON TO COLL	1.00	Director	$0	$0	$0
PATTI PHILLIPS	Chairman	1.00	Officer	$0	$0	$0
BILL BROUGHER	SECRETARY-TREAS	1.00	Officer	$0	$0	$0
KATHERINE HOPTRY	VICE CHAIR	1.00	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,184,680	$1,089,289	$27,393,467	$95,391
2022	$14,057,417	$699,506	$26,506,282	$13,357,911
2021	$851,205	$698,068	$27,530,176	$153,137
2020	$723,489	$883,519	$22,715,110	$-160,030
2018	$1,446,794	$913,472	$21,447,358	$533,322

CLARK STATE COLLEGE FOUNDATION