TAFT COLLEGE FOUNDATION (EIN 432023035) - 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

2002

Legal Domicile

Principal Officer

Sheri Horn-Bunk

Phone

6617637700

Tax Period

2024-07-01 to 2025-06-30

TAFT COLLEGE FOUNDATION, founded in 2002, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 123% from the prior year, signaling strong growth momentum. The organization ran a surplus of $981K, a strong 46% operating margin.

Mission

The Taft College Foundation staff cultivate and direct community resources to the Taft Community College in the areas that matter most to the community. Major focus pertaining to student scholarships.

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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 $108,406

Program Service Revenue $0

Investment Income $1,972,808

Other Revenue $55,192

TOTAL REVENUE $2,136,406

Expense Breakdown

Grants Paid $229,650

Salaries & Benefits $129,137

Fundraising Expenses $19,045

Program Expenses $1,084,469

Other Expenses $796,978

TOTAL EXPENSES $1,155,765

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,136,406	$957,910	+1.2%
Expenses	$1,155,765	$966,823	+0.2%
Net Income	$980,641	$-8,913	-111.0%

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

Volunteers

140

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
Sheri Horn-Bunk	Executive Director Foundation	40.00		$68,737	$34,350	$103,087
Jonathan Bench	Development Associate	40.00		$15,944	$9,654	$25,598
Janice Ashley	Director	1.00	Director	$0	$0	$0
Cathy Bennett	Secretary	1.00	Officer Director	$0	$0	$0
Janea Benton	Director	1.00	Director	$0	$0	$0
deanna blaise	Director	1.00	Director	$0	$0	$0
Richard Chapman	Director	1.00	Director	$0	$0	$0
Don Clark	Director	1.00	Director	$0	$0	$0
Les Clark Jr	Director	1.00	Director	$0	$0	$0
Mia Cifuentes	Director	1.00	Director	$0	$0	$0
Loretta Garcia Lipscomb	Director	1.00	Director	$0	$0	$0
Robert Duchow	President	1.00	Officer Director	$0	$0	$0
Nik Boone	Director	1.00	Director	$0	$0	$0
Michael George	Director	1.00	Director	$0	$0	$0
Gabriela Gonzales	Director	1.00	Director	$0	$0	$0
Max Goossen	Director	1.00	Director	$0	$0	$0
Joshua Bryant	Director	1.00	Director	$0	$0	$0
Elizabeth Howard	Director	1.00	Director	$0	$0	$0
Mike Giacomini	Treasurer	1.00	Officer Director	$0	$0	$0
Shana Gonsman	Director	1.00	Director	$0	$0	$0
Tom Kelley	Director	1.00	Director	$0	$0	$0
Megan Lopez	Director	1.00	Director	$0	$0	$0
Cherie Lucas	Director	1.00	Director	$0	$0	$0
Suzanne Noble	Director	1.00	Director	$0	$0	$0
Leslie Minor	Director	1.00	Director	$0	$0	$0
Rusty Risi	Director	1.00	Director	$0	$0	$0
Tim Rushing	Director	1.00	Director	$0	$0	$0
Ray Scott	Director	1.00	Director	$0	$0	$0
Ron Ostrom	Director	1.00	Director	$0	$0	$0
Kal Vaughn	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	$2,136,406	$1,155,765	$7,326,187	$980,641
2024	$957,910	$966,823	$5,859,537	$-8,913
2023	$864,976	$745,167	$5,439,489	$119,809
2022	$1,297,754	$741,420	$5,315,809	$556,334
2021	$1,743,416	$694,285	$5,119,528	$1,049,131
2020	$748,687	$777,287	$3,636,865	$-28,600
2019	$596,431	$847,612	$3,584,418	$-251,181

TAFT COLLEGE FOUNDATION