LAUREL RIDGE COMMUNITY COLLEGE EDU… - 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

1980

Principal Officer

LIV HEGGOY

Phone

5408684078

Tax Period

2024-01-01 to 2024-12-31

LAUREL RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC, founded in 1980, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $1.4M, a strong 37% operating margin.

Mission

THE MISSION OF LAUREL RIDGE COMMUNITY COLLEGE IS TO PROVIDE A POSITIVE, CARING AND DYNAMIC LEARNING ENVIRONMENT THAT INSPIRES STUDENT SUCCESS, VALUES DIVERSITY AND PROMOTES COMMUNITY VITALITY. IN SUPPORT OF THAT MISSION, THE LAUREL RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION SEEKS FUNDING TO SUPPORT THE COLLEGE, ITS STUDENTS, AND ITS FACULTY AND STAFF.

Program Service Accomplishments

Program 1

Expenses: $460,076

THE FOUNDATION AWARDS SCHOLARSHIPS TO ASSIST STUDENTS WITH TUITION, BOOKS, AND/OR FEES. THE SCHOLARSHIPS ARE AWARDED BASED ON NEED AND MERIT AS DETERMINED BY THE SCHOLARSHIP CRITERIA. THE SCHOLARSHIP PROGRAM REDUCES THE NUMBER OF STUDENTS WHOSE FINANCIAL NEED PREVENTS ENROLLMENT IN THE LAUREL RIDGE ACADEMIC PROGRAMS.

Program 2

Expenses: $1,727,912 Revenue: $880,000

THE FOUNDATION PROVIDES FUNDS FOR ACADEMIC AND WORKFORCE TRAINING PROGRAMS, FACULTY SALARIES,FACILITIES EQUIPMENT AND PROFESSIONAL DEVELOPMENT FOR LAUREL RIDGE EMPLOYEES.

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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 $1,827,764

Program Service Revenue $880,000

Investment Income $1,032,404

Other Revenue $82,129

TOTAL REVENUE $3,822,297

Expense Breakdown

Grants Paid $460,076

Salaries & Benefits $182,560

Fundraising Expenses $21,060

Program Expenses $2,187,988

Other Expenses $1,772,833

TOTAL EXPENSES $2,415,469

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,822,297	$4,303,212	-0.1%
Expenses	$2,415,469	$2,513,736	0.0%
Net Income	$1,406,828	$1,789,476	-0.2%

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

$737,093

Total Directors

$561,737

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL BARKMAN	CHAIR	2.00	Officer Director	$0	$0	$0
KELLIE POST	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CORY THOMPSON	TREASURER	2.00	Officer Director	$0	$66,484	$240,629
KIMBERLY BLOSSER	SECRETARY	2.00	Officer Director	$0	$85,981	$321,108
TRENTON CLARK	MEMBER	1.00	Director	$0	$0	$0
EDWIN DALEY	MEMBER	1.00	Director	$0	$0	$0
DEBBIE DONEHEY	MEMBER	1.00	Director	$0	$0	$0
ANNE HALL	MEMBER	1.00	Director	$0	$0	$0
IRENE HARDESTY	MEMBER	1.00	Director	$0	$0	$0
SUZAN HERSKOWITZ	MEMBER	1.00	Director	$0	$0	$0
DALE HOUFF	MEMBER	1.00	Director	$0	$0	$0
SARAH IRVING	MEMBER	1.00	Director	$0	$0	$0
BRANDON LOREY	MEMBER	1.00	Director	$0	$0	$0
JASON ROTZ	MEMBER	1.00	Director	$0	$0	$0
CARL RUSH	MEMBER	1.00	Director	$0	$0	$0
DOUG STALLARD	MEMBER	1.00	Director	$0	$0	$0
JORGE VELASCO	MEMBER	1.00	Director	$0	$0	$0
DONNA WHITLEY-SMITH	MEMBER	1.00	Director	$0	$0	$0
LIV HEGGOY	EXECUTIVE DI	40.00	Officer	$0	$41,696	$175,356

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	$3,822,297	$2,415,469	$37,392,118	$1,406,828
2023	$4,303,212	$2,513,736	$36,269,627	$1,789,476
2022	$4,273,625	$2,553,148	$35,003,255	$1,720,477
2021	$2,900,625	$3,148,529	$34,468,730	$-247,904
2020	$2,606,147	$1,556,311	$33,660,304	$1,049,836
2019	$2,171,229	$1,482,795	$27,486,782	$688,434
2018	$3,340,251	$1,384,735	$25,676,648	$1,955,516

LAUREL RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC