MONTCALM 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

1980

Legal Domicile

Principal Officer

CONNIE STEWART

Phone

9893281249

Tax Period

2023-07-01 to 2024-06-30

MONTCALM COMMUNITY COLLEGE FOUNDATION, founded in 1980, is a small nonprofit that reported $987K in total revenue in fiscal year 2023. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO SUPPORT MONTCALM COMMUNITY COLLEGE'S EFFORTS TO ANTICIPATE AND ADDRESS COMMUNITY NEEDS THROUGH RELATIONSHIP CULTIVATION AND RESOURCE STEWARDSHIP.

Program Service Accomplishments

Program 1

Expenses: $1,080,097

ENHANCEMENT ACTIVITIES RELATED TO CULTURAL EVENTS, EARLY COLLEGE, CAMPUS MASTER PLANNING AND SCHOLARSHIPS.

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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 $262,964

Program Service Revenue $0

Investment Income $724,065

Other Revenue $0

TOTAL REVENUE $987,029

Expense Breakdown

Grants Paid $982,097

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,080,097

Other Expenses $156,632

TOTAL EXPENSES $1,138,729

Year-over-Year Comparison

	2023	2022	Change
Revenue	$987,029	$2,705,892	-0.6%
Expenses	$1,138,729	$1,264,002	-0.1%
Net Income	$-151,700	$1,441,890	-1.1%

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

$146,752

Total Directors

$235,847

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANE ANDERSON-BEACH	PRESIDENT	2.00	Officer Director	$0	$0	$0
RANSOM LEPPINK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSHUA GIBBS	TREASURER	2.00	Officer Director	$0	$0	$0
LISA LUND	EXECUTIVE DIRECTOR	40.00	Director	$0	$23,717	$96,629
TOM KOHN	DIRECTOR	1.00	Director	$0	$0	$0
DONALD BURNS	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD ADGATE	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE GIBSON	DIRECTOR	1.00	Director	$0	$25,413	$139,218
MIKE WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
ANDY HURST	DIRECTOR	1.00	Director	$0	$0	$0
BRIDGET BADDER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT FERRENTINO	DIRECTOR	1.00	Director	$0	$0	$0
KURT PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
JULIE STAFFORD	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE STEWART	ASSISTANT TREASURER/SECRETARY	4.00	Officer	$0	$27,572	$146,752

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	$987,029	$1,138,729	$27,978,563	$-151,700
2023	$2,705,892	$1,264,002	$25,793,495	$1,441,890
2022	$8,520,675	$1,184,800	$22,367,101	$7,335,875
2021	$1,571,014	$1,115,150	$26,456,917	$455,864
2020	$1,012,597	$787,880	$20,693,869	$224,717
2019	$1,026,780	$763,820	$20,938,909	$262,960

MONTCALM COMMUNITY COLLEGE FOUNDATION