SOUTHEASTERN COMMUNITY COLLEGE FOUNDATION (EIN 421212111) - 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

VAL GIANNETTINO

Phone

3192085065

Tax Period

2024-07-01 to 2025-06-30

SOUTHEASTERN COMMUNITY COLLEGE FOUNDATION, founded in 1982, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Net assets of $15.9M represent 133 months of operating reserves.

Mission

TO ATTRACT, COLLECT, MANAGE AND DISBURSE CONTRIBUTIONS FOR THE SUPPORT OF SOUTHEASTERN COMMUNITY COLLEGE. THE FOUNDATION AWARDS GRANTS TO SOUTHEASTERN COMMUNITY COLLEGE STUDENTS. APPROXIMATELY 300 STUDENTS RECEIVED SCHOLARSHIPS, FROM 100 TO FULL TUITION, DURING THE YEAR. THE FOUNDATION ALSO ACCEPTS MONETARY AND IN-KIND DONATIONS TO SUPPORT FACILITIES AND PROGRAMMING.

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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 $770,362

Program Service Revenue $0

Investment Income $614,097

Other Revenue $50,112

TOTAL REVENUE $1,434,571

Expense Breakdown

Grants Paid $1,099,517

Salaries & Benefits $0

Fundraising Expenses $87,105

Program Expenses $1,339,085

Other Expenses $428,019

TOTAL EXPENSES $1,527,536

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,434,571	$1,351,149	+0.1%
Expenses	$1,527,536	$1,165,160	+0.3%
Net Income	$-92,965	$185,989	-1.5%

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

N/A

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
MICHAEL ASH	DIRECTOR	N/A	Director	$0	$0	$0
ROSA BAILEY	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT CARDONI	DIRECTOR	N/A	Director	$0	$0	$0
FRANK DELANEY	CHAIR	N/A	Officer Director	$0	$0	$0
PAUL DENNISON	DIRECTOR	N/A	Director	$0	$0	$0
TERRI DOWELL	DIRECTOR	N/A	Director	$0	$0	$0
JEFF EBBING	DIRECTOR	N/A	Director	$0	$0	$0
CORY GALL	TREASURER	N/A	Officer Director	$0	$0	$0
VAL GIANNETTINO	EXEC DIRECTO	N/A	Director	$0	$0	$0
MIKE GREENWALD	DIRECTOR	N/A	Director	$0	$0	$0
JOHN HACKENMILLER	DIRECTOR	N/A	Director	$0	$0	$0
CAROLE HALICKI	DIRECTOR	N/A	Director	$0	$0	$0
SHERI KNIPE	DIRECTOR	N/A	Director	$0	$0	$0
GARY MANSHEIM	DIRECTOR	N/A	Director	$0	$0	$0
PAULA MYERS	DIRECTOR	N/A	Director	$0	$0	$0
MOUDY NABULSI	DIRECTOR	N/A	Director	$0	$0	$0
NANCY ROED	DIRECTOR	N/A	Director	$0	$0	$0
CRISTY SCHMIDT	DIRECTOR	N/A	Director	$0	$0	$0
BARB SMIDT	DIRECTOR	N/A	Director	$0	$0	$0
CHARLES WALSH	DIRECTOR	N/A	Director	$0	$0	$0
CARLENE WOODSIDE	DIRECTOR	N/A	Director	$0	$0	$0
CATHY ZIGLAR	DIRECTOR	N/A	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	$1,434,571	$1,527,536	$21,447,215	$-92,965
2024	$1,351,149	$1,165,160	$20,982,129	$185,989
2023	$1,068,888	$709,183	$19,813,374	$359,705
2022	$3,936,639	$3,046,472	$16,375,654	$890,167
2021	$2,335,661	$629,371	$14,492,110	$1,706,290
2020	$794,297	$8,349,340	$12,198,360	$-7,555,043
2019	$1,017,556	$1,075,608	$20,604,467	$-58,052

SOUTHEASTERN COMMUNITY COLLEGE FOUNDATION