TERRA COLLEGE FOUNDATION (EIN 341650500) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

THOMAS H HOFFMAN

Phone

4195592261

Tax Period

2024-07-01 to 2025-06-30

TERRA COLLEGE FOUNDATION, founded in 1990, is a small nonprofit that reported $611K in total revenue in fiscal year 2024. Expenses of $949K exceeded revenue, resulting in a 55% operating deficit.

Mission

THE TERRA COLLEGE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL, CHARITABLE, OR SCIENTIFIC PURPOSES BY CONDUCTING AND SUPPORTING ACTIVITIES WHICH BENEFIT OR CARRY OUT THE EDUCATIONAL PROGRAMS AND SERVICES OF TERRA COMMUNITY COLLEGE, INCLUDING, BUT NOT LIMITED TO THE FOLLOWING: TO RENDER FINANCIAL ASSISTANCE TO THE EDUCATIONAL PROGRAMS, SERVICE AND FACILITIES OF TERRRA STATE COMMUNITY COLLEGE, A STATE INSTITUTION OF HIGHER LEARNING, AUTHORIZED AND EXISTING UNDER CHAPTER 3358 OF THE STATE OF OHIO. THE FOUNDATION RAISES AND ADMINISTERS FUNDS TO SUPPORT STUDENT SCHOLARSHIPS AND TO PURCHASE INSTRUCTIONAL LABORATORY EQUIPMENT FOR THE LEARNING LABS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $306,763

Program Service Revenue $0

Investment Income $251,358

Other Revenue $53,136

TOTAL REVENUE $611,257

Expense Breakdown

Grants Paid $680,170

Salaries & Benefits $0

Fundraising Expenses $47,900

Program Expenses $680,170

Other Expenses $268,742

TOTAL EXPENSES $948,912

Year-over-Year Comparison

	2024	2023	Change
Revenue	$611,257	$631,295	0.0%
Expenses	$948,912	$839,051	+0.1%
Net Income	$-337,655	$-207,756	+0.6%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
THOMAS KERN	BOARD MEMBER	0.50	Director	$0	$0	$0
R JEFF JEORG	Vice chair	2.00	Officer Director	$0	$0	$0
MIRCEA HANDRU	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN R BALL	BOARD MEMBER	0.50	Director	$0	$0	$0
TONY CAMILLERI	BOARD MEMBER	0.50	Director	$0	$0	$0
PATTY COLE	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMES LAHOSKI	BOARD MEMBER	0.50	Director	$0	$0	$0
TRACY TROXEL	BOARD MEMBER	0.50	Director	$0	$0	$0
THOMAS H HOFFMAN	Chairman	2.00	Officer Director	$0	$0	$0
WESTON REINBOLT	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMES RUMBARGER	BOARD MEMBER	0.50	Director	$0	$0	$0
WILLIAM TEA	Treasurer	2.00	Officer Director	$0	$0	$0
NANCICAROL WOLESLAGEL	Board member	0.50	Director	$0	$0	$0
RUSS ZIMMERMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
D ANNE ZIMMERMAN	Secretary	2.00	Officer Director	$0	$0	$0
RONALD SCHUMACHER	BOARD MEMBER	0.50	Director	$0	$0	$0
ANDREW MORGAN	BOARD MEMBER	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	$611,257	$948,912	$7,372,998	$-337,655
2024	No data	No data	No data	No data
2023	$864,281	$562,989	$6,909,405	$301,292
2022	$481,932	$760,394	$6,315,905	$-278,462
2021	$1,670,857	$463,590	$6,872,631	$1,207,267
2020	$288,673	$641,673	$5,490,442	$-353,000
2019	$1,145,922	$894,546	$6,225,119	$251,376
2018	$602,461	$685,689	$5,758,797	$-83,228

TERRA COLLEGE FOUNDATION