RAPPAHANNOCK 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

Legal Domicile

Principal Officer

DR ROBERT V GATES

Phone

8043336708

Tax Period

2024-07-01 to 2025-06-30

RAPPAHANNOCK COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC, founded in 1980, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.6M in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.1M, a strong 67% operating margin.

Mission

RCCEFI IS DEDICATED TO ASSISTING RESIDENTS OF THE COLLEGE'S TWELVE-COUNTY REGION GAIN ACCESS TO AFFORDABLE AND EFFECTIVE HIGHER EDUCATION BY GATHERING, MANAGING, AND DISTRIBUTING FINANCIAL RESOURCES THROUGH ITS SCHOLARSHIPS, ENDOWMENTS, AND OUTREACH PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $1,394,182 Revenue: $13,359

PROMOTE RAPPAHANNOCK COMMUNITY COLLEGE THROUGH RCCEFI WITH FUNDRAISING AND FUND MANAGEMENT, EFFECTIVE COMMUNITY STEWARDSHIP WITH SELECTED PROGRAMS EVENTS AND PROJECTS, AND ADMINISTERED 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 $3,062,110

Program Service Revenue $13,359

Investment Income $1,450,863

Other Revenue $108,690

TOTAL REVENUE $4,635,022

Expense Breakdown

Grants Paid $799,978

Salaries & Benefits $0

Fundraising Expenses $9,745

Program Expenses $1,394,182

Other Expenses $721,306

TOTAL EXPENSES $1,521,284

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,635,022	$3,032,616	+0.5%
Expenses	$1,521,284	$1,479,818	+0.0%
Net Income	$3,113,738	$1,552,798	+1.0%

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

N/A

Volunteers

N/A

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
PATRICIA GALLAGHER	TREASURER	2.00	Officer Director	$0	$0	$0
ROBERT VGATES	PRESIDENT	2.00	Officer Director	$0	$0	$0
ELIZBETH ROBERTSON	BOARD MEMBER	2.00	Director	$0	$0	$0
RALPH FALLIN	BOARD MEMBER	2.00	Director	$0	$0	$0
SUSAN FARMAR	BOARD MEMBER	2.00	Director	$0	$0	$0
SCOT KATONA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RUSSELL BROWN	BOARD MEMBER	2.00	Director	$0	$0	$0
LOURDES TRAVIESO-PARKER	BOARD MEMBER	2.00	Director	$0	$0	$0
ANITA POWELL	BOARD MEMBER	2.00	Director	$0	$0	$0
MIKE JENKINS	BOARD MEMBER	2.00	Director	$0	$0	$0
PATRICIA LEWIS	BOARD MEMBER	2.00	Director	$0	$0	$0
MELISSA MASON	BOARD MEMBER	2.00	Director	$0	$0	$0
LELIA MCKEE	BOARD MEMBER	2.00	Director	$0	$0	$0
ANNE BARTRON	BOARD MEMBER	2.00	Director	$0	$0	$0
JOEL KNIGHT	BOARD MEMBER	2.00	Director	$0	$0	$0
KATHRYN MORRISON	BOARD MEMBER	2.00	Director	$0	$0	$0
SHIRLEY BAKER	BOARD MEMBER	2.00	Director	$0	$0	$0
ELLEN DAVIS	BOARD MEMBER	2.00	Director	$0	$0	$0
HAROLD JONES	BOARD MEMBER	2.00	Director	$0	$0	$0
CAROLYN LEMON	BOARD MEMBER	2.00	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	$4,635,022	$1,521,284	$25,439,275	$3,113,738
2024	$3,032,616	$1,479,818	$20,681,519	$1,552,798
2023	$1,648,720	$1,218,999	$17,833,475	$429,721
2022	$2,090,009	$1,149,594	$16,016,603	$940,415
2021	$4,134,778	$1,035,149	$18,433,042	$3,099,629
2020	$1,424,246	$1,064,194	$12,358,958	$360,052
2019	$1,381,213	$1,101,303	$11,626,834	$279,910

RAPPAHANNOCK COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC