MARSHALLTOWN COMMUNITY COLLEGE FOU… - 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

1966

Legal Domicile

Principal Officer

SUZANNE MEAD

Phone

6418445747

Tax Period

2023-01-01 to 2023-12-31

MARSHALLTOWN COMMUNITY COLLEGE FOUNDATIO, founded in 1966, is a small nonprofit in the Education sector that reported $780K in total revenue in fiscal year 2023. Expenses of $699K left a modest 10% surplus.

Mission

PROVIDE FUNDS FOR SCHOLARSHIPS FOR WORTHY AND NEEDY STUDENTS TO HELP FINANCE COLLEGE EDUCATION AND TO SUPPORT THE DEPARTMENTS OF LIBERAL, FINE ARTS, ATHLETIC, SOCIAL SCIENCE AND HUMANITIES.

Program Service Accomplishments

Program 1

Expenses: $567,884

PROVIDE FUNDS FOR SCHOLARSHIPS FOR WORTHY AND NEEDY STUDENTS TO HELP FINANCE COLLEGE EDUCATION AND TO SUPPORT THE DEPARTMENTS OF LIBERAL, FINE ARTS, ATHLETIC, SOCIAL SCIENCE AND HUMANITIES.

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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 $587,697

Program Service Revenue $0

Investment Income $192,112

Other Revenue $0

TOTAL REVENUE $779,809

Expense Breakdown

Grants Paid $567,884

Salaries & Benefits $0

Fundraising Expenses $73,160

Program Expenses $567,884

Other Expenses $130,930

TOTAL EXPENSES $698,814

Year-over-Year Comparison

	2023	2022	Change
Revenue	$779,809	$754,892	+0.0%
Expenses	$698,814	$793,513	-0.1%
Net Income	$80,995	$-38,621	-3.1%

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

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
RITA FREDERICK	DIRECTOR	2.00	Director	$0	$0	$0
VIC HELLBERG	DIRECTOR	2.00	Director	$0	$0	$0
CAROL GEIL	EXECUTIVE DIRECTOR	34.00	Director	$0	$0	$0
JERRY STEPHENS	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS EDEL	DIRECTOR	2.00	Director	$0	$0	$0
DEAN FOGARTY	DIRECTOR	2.00	Director	$0	$0	$0
JIM BOWMAN	DIRECTOR	2.00	Director	$0	$0	$0
ROBIN LILIENTHAL	EX-OFFICIO	2.00	Director	$0	$0	$0
GEORGE JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
BECKY MERRILL	DIRECTOR	2.00	Director	$0	$0	$0
SUZANNE MEAD	TREASURER	2.00	Officer	$0	$0	$0
JIM GOODMAN	SECRETARY	2.00	Officer	$0	$0	$0
NORMA MEADE	VICE PRESIDENT	2.00	Officer	$0	$0	$0
GARY SCHAUDT	PRESIDENT	2.00	Officer	$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
2024	No data	No data	No data	No data
2023	$779,809	$698,814	$5,958,810	$80,995
2022	$754,892	$793,513	$5,752,486	$-38,621
2021	$790,444	$477,499	$6,238,065	$312,945
2020	$802,519	$668,974	$5,775,375	$133,545
2019	$869,131	$481,483	$5,545,614	$387,648
2018	$626,495	$598,742	$4,954,786	$27,753

MARSHALLTOWN COMMUNITY COLLEGE FOUNDATIO