SANTA FE COLLEGE FOUNDATION INC

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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

1969

Legal Domicile

Principal Officer

SHERRY N HOUSTON

Phone

3523955200

Tax Period

2024-01-01 to 2024-12-31

SANTA FE COLLEGE FOUNDATION INC, founded in 1969, is a community nonprofit that reported $8.4M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4.1M, a strong 48% operating margin.

Mission

SANTA FE COLLEGE FOUNDATION INSPIRES, CULTIVATES AND ASSISTS PRIVATE DONORS TO ENRICH SANTA FE COLLEGE STUDENTS AND OUR COMMUNITY THROUGH SCHOLARSHIPS, PROGRAM ENHANCEMENTS AND FACILITIES SUPPORT.

Program Service Accomplishments

Program 1

Expenses: $437,657

DEPRECIATION/MAINTENANCE OF BUILDINGS FOR USE BY THE COLLEGE. THESE FACILITIES ALLOW THE COLLEGE TO MEET THE NEEDS IN OUTLAYING AREAS OF THE TWO-COUNTY SERVICE DISTRICT.

Program 2

Expenses: $2,459,620

SCHOLARSHIPS - CORPORATION CONTRIBUTES MONEY TO THE COLLEGE TO BE AWARDED AS SCHOLARSHIPS.

Program 3

Expenses: $1,072,293 Revenue: $290,771

PROGRAMS - SUPPORTED THE COLLEGE BY PROVIDING VARIOUS ENHANCEMENT PROGRAMS THAT MEET ADDITIONAL STUDENT NEEDS OR COMPLIMENTED COLLEGE PROGRAMS. APPROXIMATELY 25,000 PEOPLE SERVED.

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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 $3,790,810

Program Service Revenue $290,771

Investment Income $3,942,547

Other Revenue $414,177

TOTAL REVENUE $8,438,305

Expense Breakdown

Grants Paid $2,459,620

Salaries & Benefits $0

Fundraising Expenses $128,538

Program Expenses $3,969,570

Other Expenses $1,911,472

TOTAL EXPENSES $4,371,092

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,438,305	$12,137,079	-0.3%
Expenses	$4,371,092	$4,263,606	+0.0%
Net Income	$4,067,213	$7,873,473	-0.5%

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

$905,981

Total Directors

$664,222

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA M BLOUNT	DIRECTOR	1.00	Director	$0	$0	$0
PATRICE BOYES	DIRECTOR	1.00	Director	$0	$0	$0
GREG BRADLEY	IMMEDIATE PAST PRES	1.00	Officer Director	$0	$0	$0
DR PAUL BROADIE II	SECRETARY	1.00	Officer Director	$0	$146,339	$579,405
RALPH W CELLON	DIRECTOR	1.00	Director	$0	$0	$0
DEAN CHESHIRE	DIRECTOR	1.00	Director	$0	$0	$0
C MICHAEL CURRY	DIRECTOR	10.00	Director	$0	$0	$84,817
JOSEPH W DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
LUIS DIAZ	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL M GOLDWIRE	DIRECTOR	1.00	Director	$0	$0	$0
R ALAN HITCHCOCK	DIRECTOR	1.00	Director	$0	$0	$0
CARIDAD E LEE	PRESIDENT	1.00	Officer Director	$0	$0	$0
G THOMAS MALLINI	DIRECTOR	1.00	Director	$0	$0	$0
BRANDI NOEGEL	DIRECTOR	1.00	Director	$0	$0	$0
JAMES D SALTER	DIRECTOR	1.00	Director	$0	$0	$0
ROD SMITH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JO WIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
GUY YORK	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW BRADDY	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA WRIGHT BOYD	DIRECTOR	1.00	Director	$0	$0	$0
JIM HERRING	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LE MOYNE	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES W CLEMONS	EXEC. DIR./TREASURER	24.00	Officer	$0	$62,205	$267,126
SHERRY HOUSTON	EXECUTIVE DIRECTOR	24.00	Officer	$0	$19,046	$59,450

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	$8,438,305	$4,371,092	$122,149,491	$4,067,213
2023	$12,137,079	$4,263,606	$115,696,676	$7,873,473
2022	$6,200,802	$2,683,225	$100,156,233	$3,517,577
2021	$7,409,055	$2,161,883	$105,350,490	$5,247,172
2020	$42,407,610	$2,336,587	$100,556,954	$40,071,023
2019	$7,350,902	$2,208,666	$58,942,809	$5,142,236
2018	$5,036,913	$2,281,048	$51,388,813	$2,755,865