RICHLAND COMMUNITY COLLEGE FOUNDAT… - 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

1986

Legal Domicile

Principal Officer

JULIE MELTON

Phone

2178757200

Tax Period

2024-07-01 to 2025-06-30

RICHLAND COMMUNITY COLLEGE FOUNDATION, founded in 1986, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $3.5M exceeded revenue, resulting in a 30% operating deficit.

Mission

TO BENEFIT RICHLAND COMMUNITY COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $2,029,305

SCHOLARSHIP PROGRAMS TO ASSIST STUDENTS IN ATTENDANCE AT RICHLAND COMMUNITY COLLEGE AS WELL AS OTHER AREA COMMUNITY COLLEGES AND UNIVERSITIES.

Program 2

Expenses: $1,120,884

ENHANCE THE EDUCATIONAL OPPORTUNITIES AND SERVICES FOR RICHLAND COMMUNITY COLLEGE STUDENTS THROUGH THE PURCHASE OF FURNISHINGS AND SUPPLIES, PROVIDING STUDENT ASSISTANCE THROUGH PROGRAMS AND...

ENHANCE THE EDUCATIONAL OPPORTUNITIES AND SERVICES FOR RICHLAND COMMUNITY COLLEGE STUDENTS THROUGH THE PURCHASE OF FURNISHINGS AND SUPPLIES, PROVIDING STUDENT ASSISTANCE THROUGH PROGRAMS AND TEACHING, ALSO PROVIDE NON-CASH CONTRIBUTION OF MATERIALS FOR USE IN TRAINING PROGRAMS.

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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 $1,893,398

Program Service Revenue $0

Investment Income $775,519

Other Revenue $2,148

TOTAL REVENUE $2,671,065

Expense Breakdown

Grants Paid $3,085,414

Salaries & Benefits $0

Fundraising Expenses $79,682

Program Expenses $3,150,189

Other Expenses $394,726

TOTAL EXPENSES $3,480,140

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,671,065	$3,198,324	-0.2%
Expenses	$3,480,140	$2,207,103	+0.6%
Net Income	$-809,075	$991,221	-1.8%

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

$120,917

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN CLEVENGER	PAST CHAIR	1.00	Officer Director	$0	$0	$0
STACEY YOUNG	CHAIR	1.00	Officer Director	$0	$0	$0
JASON HERMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SHAMIKA MADISON	TREASURER	1.00	Officer Director	$0	$0	$0
TAMAR KUTZ	SECRETARY	1.00	Officer Director	$0	$0	$0
TODD APPLEGATE	DIRECTOR	1.00	Director	$0	$0	$0
JOSH DUBBLEDE	DIRECTOR	1.00	Director	$0	$0	$0
MATT FAIRCHILD	DIRECTOR	1.00	Director	$0	$0	$0
DR LARRY GRAY	DIRECTOR	1.00	Director	$0	$0	$0
CINDY JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
LISA KITCHENS	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS ROACH	DIRECTOR	1.00	Director	$0	$0	$0
MARCI ROCKEY	DIRECTOR	1.00	Director	$0	$0	$0
TRENT THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
MATT WHITEHEAD	DIRECTOR	1.00	Director	$0	$0	$0
SARAH BAYLOR	STUDENT DIRECTOR	1.00	Director	$0	$0	$0
JULIE MELTON	EXECUTIVE DIRECTOR	40.00	Officer	$0	$16,062	$120,917

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	$2,671,065	$3,480,140	$28,220,647	$-809,075
2024	$3,198,324	$2,207,103	$27,748,374	$991,221
2023	$6,253,163	$1,520,989	$24,070,589	$4,732,174
2022	$3,240,550	$1,790,539	$19,744,278	$1,450,011
2021	$2,226,841	$1,558,701	$21,317,812	$668,140
2020	$1,242,969	$1,530,206	$17,516,704	$-287,237
2019	$1,820,985	$1,633,997	$17,801,186	$186,988

RICHLAND COMMUNITY COLLEGE FOUNDATION