Green River College Foundation

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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

1975

Legal Domicile

Phone

2538339111

Tax Period

2024-07-01 to 2025-06-30

Green River College Foundation, founded in 1975, is a community nonprofit in the Education sector that reported $5.5M in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.3M, a strong 23% operating margin.

Mission

GREEN RIVER COLLEGE FOUNDATION PROVIDES RESOURCES TO ASSIST GREEN RIVER COLLEGE ACHIEVE EDUCATIONAL EXCELLENCE.

Program Service Accomplishments

Program 1

Expenses: $2,912,275 Revenue: $3,428,803

THE GREEN RIVER STUDENT VILLAGE LLC PROVIDES HOUSING FOR GREEN RIVER COLLEGE STUDENTS. THERE ARE APPROXIMATELY 340 UNITS ON CAMPUS WITH FULL FACILITIES OPEN TO ALL MEMBERS OF GREEN RIVER COLLEGE...

THE GREEN RIVER STUDENT VILLAGE LLC PROVIDES HOUSING FOR GREEN RIVER COLLEGE STUDENTS. THERE ARE APPROXIMATELY 340 UNITS ON CAMPUS WITH FULL FACILITIES OPEN TO ALL MEMBERS OF GREEN RIVER COLLEGE. STUDENT HOUSING IS ADVERTISED THROUGH BROCHURES AND THE COLLEGE WEBSITE.

Program 2

Expenses: $837,136 Revenue: $80,557

GIFTS TO GREEN RIVER COLLEGE INCLUDE STUDENT ASSISTANCE AND SCHOLARSHIPS WHICH ARE ADVERTISED THROUGHOUT THE CAMPUS AND THE COMMUNITY. IN ADDITION, THE FOUNDATION GIFTED FUNDS FOR PERSONNEL...

GIFTS TO GREEN RIVER COLLEGE INCLUDE STUDENT ASSISTANCE AND SCHOLARSHIPS WHICH ARE ADVERTISED THROUGHOUT THE CAMPUS AND THE COMMUNITY. IN ADDITION, THE FOUNDATION GIFTED FUNDS FOR PERSONNEL ASSISTANCE AND EQUIPMENT TO THE COLLEGE.

Program 3

Expenses: $84,614 Revenue: $111,813

GREEN RIVER COLLEGE CAMPUS PROGRAMS INCLUDE GATOR BOOSTER, KGRG RADIOS STATIONS AM/FM, INTERNATIONAL PROGRAMS AND OTHERS THAT SUPPORT ATHLETIC PROGRAMS AND ACTIVITIES THROUGHOUT THE CAMPUS.

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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 $1,049,906

Program Service Revenue $3,502,076

Investment Income $869,320

Other Revenue $119,097

TOTAL REVENUE $5,540,399

Expense Breakdown

Grants Paid $974,589

Salaries & Benefits $685,461

Fundraising Expenses $223,968

Program Expenses $3,834,025

Other Expenses $2,601,763

TOTAL EXPENSES $4,261,813

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,540,399	$9,600,714	-0.4%
Expenses	$4,261,813	$4,852,109	-0.1%
Net Income	$1,278,586	$4,748,605	-0.7%

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

$735,431

Total Directors

$1,497,004

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAIL SPURRELL	First Vice President	1.0	Officer Director	$0	$0	$0
GEORGE FRASIER	EXECUTIVE DIRECTOR	1.0	Officer Director	$0	$40,351	$206,721
SHIRLEY BEAN	TREASURER (THRU 01/31/2025)	1.0	Officer Director	$0	$30,561	$148,564
SUZANNE JOHNSON	2ND VICE PRESIDENT	1.0	Officer Director	$0	$55,703	$380,146
ADRIANA CRUSON	DIRECTOR	1.0	Director	$0	$13,643	$155,865
AWALE FARAH	DIRECTOR	1.0	Director	$0	$0	$0
BINOY VARUGHESE	DIRECTOR	1.0	Director	$0	$0	$0
BRENT SWEARINGEN	DIRECTOR	1.0	Director	$0	$0	$0
BRITNEE DOLCE	DIRECTOR	1.0	Director	$0	$0	$0
BRUCE DEJONG	DIRECTOR	1.0	Director	$0	$0	$0
CANDICE MIHAILA	DIRECTOR (AS OF 04/01/2025)	1.0	Director	$0	$34,305	$219,939
CHARLENE GRINOLDS	DIRECTOR	1.0	Director	$0	$0	$0
CISCO MALPARITDA SMITH	DIRECTOR	1.0	Director	$0	$0	$0
DAVE POULIOT	DIRECTOR	1.0	Director	$0	$0	$0
DEBORAH CASEY-POWELL	DIRECTOR	1.0	Director	$0	$0	$0
ERIC GREER	DIRECTOR	1.0	Director	$0	$24,139	$187,444
FRANK RASMUSSEN	Secretary (THRU 08/31/2024)	1.0	Director	$0	$0	$0
JAMIE FITZGERALD	DIRECTOR	1.0	Director	$0	$25,655	$198,325
JASON NELSON	DIRECTOR	1.0	Director	$0	$0	$0
JIM ROTTLE	DIRECTOR	1.0	Director	$0	$0	$0
JIM TANASSE	Past President	1.0	Director	$0	$0	$0
JOHN SCHNEIDER	DIRECTOR	1.0	Director	$0	$0	$0
KIM SECORD WALLEY	DIRECTOR	1.0	Director	$0	$0	$0
LISA STIRGUS	DIRECTOR	1.0	Director	$0	$0	$0
MARY BETH SHEEHAN	PRESIDENT	1.0	Director	$0	$0	$0
MATT MAURY	DIRECTOR	1.0	Director	$0	$0	$0
NANCY COLSON	DIRECTOR	1.0	Director	$0	$0	$0
ROBERT FILSON	DIRECTOR	1.0	Director	$0	$0	$0
ROSIE RAY	DIRECTOR (AS OF 04/01/2025)	1.0	Director	$0	$0	$0
TRACY TAYLOR-TURNER	DIRECTOR (AS OF 10/01/2024)	1.0	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	$5,540,399	$4,261,813	$42,131,890	$1,278,586
2024	$9,600,714	$4,852,109	$38,094,537	$4,748,605
2023	$6,363,737	$4,139,117	$34,670,163	$2,224,620
2022	$5,363,437	$3,799,382	$33,090,085	$1,564,055
2021	$4,351,003	$3,364,911	$36,981,286	$986,092