GRAND RAPIDS COMMUNITY COLLEGE FOUNDATION (EIN 386100380) - 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

1964

Legal Domicile

Principal Officer

ERIN VAN EGMOND

Phone

6162343939

Tax Period

2024-07-01 to 2025-06-30

GRAND RAPIDS COMMUNITY COLLEGE FOUNDATION, founded in 1964, is a mid-sized nonprofit in the Education sector that reported $14.9M in total revenue in fiscal year 2024. Revenue surged 162% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.9M, a strong 79% operating margin.

Mission

TO SECURE AND MANAGE FINANCIAL GIFTS IN SUPPORT OF STUDENT, EMPLOYEE, AND COMMUNITY LEARNING.

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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 $2,378,929

Program Service Revenue $0

Investment Income $12,674,900

Other Revenue $-106,349

TOTAL REVENUE $14,947,480

Expense Breakdown

Grants Paid $2,334,284

Salaries & Benefits $459,407

Fundraising Expenses $400,877

Program Expenses $2,334,284

Other Expenses $283,790

TOTAL EXPENSES $3,077,481

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,947,480	$5,698,546	+1.6%
Expenses	$3,077,481	$4,573,575	-0.3%
Net Income	$11,869,999	$1,124,971	+9.6%

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

$468,273

Total Directors

$819,822

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES LEPPER	DIRECTOR - PART YEAR	1.00	Director	$0	$50,109	$376,179
LISA FREIBURGER	ASSISTANT TREASURER - PART YEAR	1.00	Officer Director	$0	$76,910	$275,389
ERIN VAN EGMOND	EXECUTIVE DIRECTOR	32.00	Officer	$108,389	$57,398	$192,884
VIKKI JOBE-COOPER	DIRECTOR	1.00	Director	$0	$59,760	$168,254
STEVEN TRIEZENBERG	DIRECTOR	1.00	Director	$0	$0	$0
NANCY AYRES	VICE-CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JEFF PAUZA	TREASURER	1.00	Officer Director	$0	$0	$0
JULIE LEPZINSKI	SECRETARY	1.00	Officer Director	$0	$0	$0
KRISTINE BABCOCK	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
STEPHEN ABID	DIRECTOR	1.00	Director	$0	$0	$0
BETH BANTA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BOTTRALL	DIRECTOR	1.00	Director	$0	$0	$0
KENYATTA BRAME	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BUZZITTA	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DESPRES	DIRECTOR	1.00	Director	$0	$0	$0
ALAN DOERING	DIRECTOR	1.00	Director	$0	$0	$0
MARCUS JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN JAMES	DIRECTOR	1.00	Director	$0	$0	$0
BRANDY LOVELADY MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
JENN MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
KAYLEE MORENO BURKE	DIRECTOR	1.00	Director	$0	$0	$0
ARIAN NELSON	DIRECTOR	1.00	Director	$0	$0	$0
SAMUEL OJO	DIRECTOR	1.00	Director	$0	$0	$0
ALEJANDRO QUIROGA	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
EDDIE RUCKER	DIRECTOR	1.00	Director	$0	$0	$0
SHERYL SIEGEL	DIRECTOR	1.00	Director	$0	$0	$0
AARON TURNER	DIRECTOR	1.00	Director	$0	$0	$0
KATE VEENSTRA	DIRECTOR	1.00	Director	$0	$0	$0
MARK WALTERS	DIRECTOR	1.00	Director	$0	$0	$0
TERESA WEATHERALL NEAL	DIRECTOR	1.00	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	$14,947,480	$3,077,481	$45,653,017	$11,869,999
2024	$5,698,546	$4,573,575	$41,903,794	$1,124,971
2023	$3,538,600	$2,676,852	$40,715,328	$861,748
2022	$9,829,978	$10,042,623	$37,079,013	$-212,645
2021	$7,470,670	$16,458,569	$46,620,565	$-8,987,899
2020	$12,712,827	$6,667,191	$45,842,443	$6,045,636
2019	$11,198,354	$4,186,726	$39,247,206	$7,011,628

GRAND RAPIDS COMMUNITY COLLEGE FOUNDATION