MINERAL AREA COLLEGE FOUNDATION INC (EIN 431341457) - 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

1983

Legal Domicile

Principal Officer

TONY MYERS

Phone

5734314593

Tax Period

2023-07-01 to 2024-06-30

MINERAL AREA COLLEGE FOUNDATION INC, founded in 1983, is a small nonprofit that reported $971K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $488K, a strong 50% operating margin.

Mission

TO RAISE MONEY FOR SUPPORT OF MINERAL AREA COLLEGE

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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 $339,367

Program Service Revenue $0

Investment Income $180,721

Other Revenue $450,655

TOTAL REVENUE $970,743

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $510

Program Expenses $464,867

Other Expenses $483,005

TOTAL EXPENSES $483,005

Year-over-Year Comparison

	2023	2022	Change
Revenue	$970,743	$766,421	+0.3%
Expenses	$483,005	$315,050	+0.5%
Net Income	$487,738	$451,371	+0.1%

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
TONY MYERS	PRESIDENT	3.00	Officer Director	$0	$0	$0
ANDY BUCHANAN	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
NICK GIBSON	DIRECTOR	2.00	Director	$0	$0	$0
DR JOE GILGOUR	DIRECTOR	2.00	Director	$0	$0	$0
DOUG MCDERMOTT	TREASURER	3.00	Officer Director	$0	$0	$0
ADAM BUSSE	DIRECTOR	2.00	Director	$0	$0	$0
JOHN COOPER	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT HAMMACK	DIRECTOR	2.00	Director	$0	$0	$0
BRANDON HUBBARD	DIRECTOR	2.00	Director	$0	$0	$0
PEGGY ROPELLE	SECRETARY	3.00	Officer Director	$0	$0	$0
BILL COTTON	DIRECTOR	2.00	Director	$0	$0	$0
NANCY SILVEY	DIRECTOR	2.00	Director	$0	$0	$0
CAMILLE NATIONS	DIRECTOR	2.00	Director	$0	$0	$0
RYAN HAWKINS	DIRECTOR	2.00	Director	$0	$0	$0
JASON MARLER	DIRECTOR	2.00	Director	$0	$0	$0
BRUCE WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
KENT MARLER	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH POSTON	DIRECTOR	2.00	Director	$0	$0	$0
BEN MINKEL	DIRECTOR	2.00	Director	$0	$0	$0
SHAWNA PETTUS	DIRECTOR	2.00	Director	$0	$0	$0
COLIN ROGERS	DIRECTOR	2.00	Director	$0	$0	$0
ANNETTE SCHNABEL	DIRECTOR	2.00	Director	$0	$0	$0
DAVID SCISM	DIRECTOR	2.00	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
2024	$970,743	$483,005	$4,900,871	$487,738
2023	$766,421	$315,050	$4,570,076	$451,371
2022	$409,174	$1,466,911	$3,938,815	$-1,057,737
2021	$1,444,379	$312,724	$4,923,630	$1,131,655
2020	$148,874	$163,242	$3,824,550	$-14,368
2019	$438,383	$134,292	$3,806,343	$304,091

MINERAL AREA COLLEGE FOUNDATION INC