ALPENA COMMUNITY COLLEGE FOUNDATION (EIN 386083683) - 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

1982

Legal Domicile

Principal Officer

Mary Eagan

Phone

9893569021

Tax Period

2024-07-01 to 2025-06-30

ALPENA COMMUNITY COLLEGE FOUNDATION, founded in 1982, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $659K, a strong 30% operating margin.

Mission

The mission of Alpena Community College Foundation is to obtain financial support to enhance the ability of Alpena Community College to meet the lifelong education needs of the growing and changing communities it serves.

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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 $1,037,944

Program Service Revenue $0

Investment Income $528,267

Other Revenue $655,549

TOTAL REVENUE $2,221,760

Expense Breakdown

Grants Paid $1,246,934

Salaries & Benefits $0

Fundraising Expenses $31,273

Program Expenses $1,293,021

Other Expenses $316,139

TOTAL EXPENSES $1,563,073

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,221,760	$2,948,096	-0.2%
Expenses	$1,563,073	$860,194	+0.8%
Net Income	$658,687	$2,087,902	-0.7%

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

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

$458,543

Total Directors

$384,243

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Donald MacMaster	Individual Trustee	0.5	Director	$0	$51,626	$249,232
Lyn Kowalewsky	Treasurer	7.5	Officer	$0	$39,507	$142,365
Timothy Kuehnlein	Individual Trustee	2	Officer Director	$0	$20,634	$135,011
Mary Eagan	Executive Director	18.75	Officer	$0	$20,198	$86,372
Kerrie Kamyszek	Executive Assistant	18.75	Officer	$0	$4,733	$57,340
Penny Boldrey	Executive Director	18.75	Officer	$0	$0	$37,455
Susan Fitzpatrick	President	3	Officer Director	$0	$0	$0
August Matuzak	Vice President	2	Officer Director	$0	$0	$0
Christine Baumgardner	Individual Trustee	0.5	Director	$0	$0	$0
James Boldrey	Individual Trustee	0.5	Director	$0	$0	$0
Kenneth Dragiewicz	Individual Trustee	0.5	Director	$0	$0	$0
Teresa Duncan	Individual Trustee	0.5	Director	$0	$0	$0
Beach Hall	Individual Trustee	0.5	Director	$0	$0	$0
Jaclynn Krawczak	Individual Trustee	0.5	Director	$0	$0	$0
Susan LaMarre-LaCross	Individual Trustee	0.5	Director	$0	$0	$0
Mary L Lappan	Individual Trustee	0.5	Director	$0	$0	$0
Max Lindsay	Individual Trustee	0.5	Director	$0	$0	$0
Ryan Suszek	Individual Trustee	0.5	Director	$0	$0	$0
Ann Boyk	Individual Trustee	0.5	Director	$0	$0	$0
TJ Hoes	Individual Trustee	0.5	Director	$0	$0	$0
Erin Olsen	Individual Trustee	0.5	Director	$0	$0	$0
Annie Schultz	Individual Trustee	0.5	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	$2,221,760	$1,563,073	$11,979,614	$658,687
2024	$2,948,096	$860,194	$11,333,750	$2,087,902
2023	$3,992,248	$2,153,143	$9,249,054	$1,839,105
2022	$-1,752,125	$708,494	$7,404,926	$-2,460,619
2021	$3,064,621	$1,962,906	$9,851,824	$1,101,715

ALPENA COMMUNITY COLLEGE FOUNDATION