NEW RIVER COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC (EIN 521203686) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

KENNEDY DEBORAH

Phone

5406743600

Tax Period

2024-01-01 to 2024-12-31

NEW RIVER COMMUNITY COLLEGE EDUCATIONAL FOUNDATON INC, founded in 1980, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2018. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $858K, a strong 45% operating margin.

Mission

THE FOUNDATION SERVES AS A CONDUIT FOR CONTRIBUTIONS THAT PROVIDE SCHOLARSHIP OPPORTUNITIES AND TUITION AND BOOK ASSISTANCE FOR STUDENTS, FACULTY, AND STAFF, AT NEW RIVER COMMUNITY COLLEGE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,949,223

Program Service Revenue $0

Investment Income $740,803

Other Revenue $201,610

TOTAL REVENUE $3,891,636

Expense Breakdown

Grants Paid $1,749,479

Salaries & Benefits $0

Fundraising Expenses $24,300

Program Expenses $1,750,529

Other Expenses $138,992

TOTAL EXPENSES $1,888,471

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,891,636	$4,365,778	-0.1%
Expenses	$1,888,471	$1,761,587	+0.1%
Net Income	$2,003,165	$2,604,191	-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

$377,134

Total Directors

$377,134

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNEDY DEBORAH	INT EXEC DIR	40.00	Officer	$0	$0	$0
ADEN WILLIAM	BOARD MEMBER	2.00	Director	$0	$0	$0
AKERS DIANE	BOARD MEMBER	2.00	Director	$0	$0	$0
BROWN JOHN	BOARD MEMBER	2.00	Director	$0	$0	$0
BROWNE KEVIN	BOARD MEMBER	2.00	Director	$0	$0	$0
COVEY ANGELA	DIRECTOR EME	40.00	Officer Director	$0	$34,022	$156,740
DAVIS SANDY	BOARD MEMBER	2.00	Director	$0	$0	$0
EDWARDS RANDALL	DIRECTOR EME	2.00	Director	$0	$0	$0
FLATTERY BILL	BOARD MEMBER	2.00	Director	$0	$0	$0
GRAHAM FLORINE	DIRECTOR EME	2.00	Director	$0	$0	$0
HALE EDDIE	DIRECTOR EME	2.00	Director	$0	$0	$0
HANCOCK GARY	CO-CHAIR	2.00	Director	$0	$0	$0
HATCHER VINCE	BOARD MEMBER	2.00	Director	$0	$0	$0
HUBER PAT	DIRECTOR EME	2.00	Officer Director	$0	$33,443	$220,394
LAWHORN ED	DIRECTOR EME	2.00	Officer Director	$0	$0	$0
MCALISTER JIM	BOARD MEMBER	2.00	Director	$0	$0	$0
MEADOWS CRAIG	BOARD MEMBER	2.00	Director	$0	$0	$0
NICELY HIWATHA	DIRECTOR EME	2.00	Director	$0	$0	$0
OJOMO NITA	BOARD MEMBER	2.00	Director	$0	$0	$0
OVERSTREET WAYLAND	DIRECTOR EME	2.00	Director	$0	$0	$0
OWENS ANDREW	DIRECTOR EME	2.00	Director	$0	$0	$0
RAKES JAMES	CO-CHAIR, TR	2.00	Officer Director	$0	$0	$0
RIDPATH DAVID	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERTSON TODD	BOARD MEMBER	2.00	Director	$0	$0	$0
SHELOR LARRY	BOARD MEMBER	2.00	Director	$0	$0	$0
SIMMONS L T	DIRECTOR EME	2.00	Director	$0	$0	$0
STALLINGS MARTHA ANN	BOARD MEMBER	2.00	Director	$0	$0	$0
WATSON MICHAEL	DIRECTOR EME	2.00	Director	$0	$0	$0
WEBB LEWIS	DIRECTOR EME	2.00	Director	$0	$0	$0
WELTENS KEITH	BOARD MEMBER	2.00	Director	$0	$0	$0
WHEELER ANNE	DIRECTOR EME	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
2024	$3,891,636	$1,888,471	$33,230,143	$2,003,165
2023	$4,365,778	$1,761,587	$28,753,648	$2,604,191
2022	$2,925,233	$1,630,139	$23,381,970	$1,295,094
2021	$2,938,715	$1,549,008	$25,600,364	$1,389,707
2020	$2,238,821	$1,401,877	$22,559,324	$836,944
2019	$2,679,523	$1,307,908	$20,189,203	$1,371,615
2018	$1,923,606	$1,065,722	$15,647,745	$857,884

NEW RIVER COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC