COLBY COMMUNITY COLLEGE ENDOWMENT … - 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

1965

Legal Domicile

Principal Officer

MELISSA RICKFORD

Phone

7854604684

Tax Period

2023-07-01 to 2024-06-30

COLBY COMMUNITY COLLEGE ENDOWMENT FOUNDATION, founded in 1965, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $609K, a strong 39% operating margin.

Mission

COLBY COMMUNITY COLLEGE ENDOWMENT FOUNDATION EXISTS TO SUPPORT COLBY COMMUNITY COLLEGE THROUGH PERFORMANCE OF THREE FUNDAMENTAL FUNCTIONS: (1) RAISE FUNDS, (2) RAISE FRIENDS, (3) AND INVEST AND DISBURSE FUNDS. THE PURPOSE OF THE GENERATED INCOME FROM THE FUNDS IS TO CREATE MONEY THAT WILL BE USED FOR SCHOLARSHIPS, DEPARTMENTAL PROGRAMS, FACULTY DEVELOPMENT AND OVERALL ENRICHMENT OF THE COLLEGE ITSELF.

Program Service Accomplishments

Program 1

Expenses: $561,381

DISTRIBUTIONS FOR CAMPUS PROJECTS AND ORGANIZATIONS THAT ARE SUPPORTED BY THE FOUNDATION.

Program 2

Expenses: $205,033

SCHOLARSHIPS TO STUDENTS ATTENDING COLBY COMMUNITY 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 $1,087,692

Program Service Revenue $0

Investment Income $376,174

Other Revenue $89,651

TOTAL REVENUE $1,553,517

Expense Breakdown

Grants Paid $766,414

Salaries & Benefits $66,494

Fundraising Expenses $9,974

Program Expenses $776,388

Other Expenses $111,838

TOTAL EXPENSES $944,746

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,553,517	$1,271,248	+0.2%
Expenses	$944,746	$1,077,279	-0.1%
Net Income	$608,771	$193,969	+2.1%

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

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
VERNON HURD	PRESIDENT	2.00	Officer Director	$0	$0	$0
LYNETTE ANDREGG	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JOSH RYAN	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
CORY SWARTZ	MEMBER	2.00	Director	$0	$0	$0
MELISSA SIRUTA	MEMBER	2.00	Director	$0	$0	$0
MELISSA RICKFORD	EXECUTIVE DI	40.00	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
2025	No data	No data	No data	No data
2024	$1,553,517	$944,746	$8,788,221	$608,771
2023	$1,271,248	$1,077,279	$7,859,362	$193,969
2022	$1,226,254	$824,833	$7,415,607	$401,421
2021	$1,773,684	$1,596,900	$7,903,807	$176,784
2020	$1,113,513	$1,833,892	$6,837,014	$-720,379
2019	$1,271,371	$523,042	$7,800,193	$748,329
2018	$479,625	$526,616	$6,875,693	$-46,991

COLBY COMMUNITY COLLEGE ENDOWMENT FOUNDATION