TIDEWATER COMMUNITY COLLEGE EDUCAT… - 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

1981

Legal Domicile

Principal Officer

CHRISTOPHER P BRYANT

Phone

7578221081

Tax Period

2023-01-01 to 2023-12-31

TIDEWATER COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC, founded in 1981, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2023. Revenue surged 120% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 60% operating margin.

Mission

TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF TIDEWATER COMMUNITY COLLEGE BY PROVIDING MONEY, PERSONNEL AND OTHER AIDS FOR THE COLLEGE; MAKING DONATIONS TO CURRENT COLLEGE ACTIVITIES; PURCHASE BOOKS, MATERIALS AND EQUIPMENT; AND PROVIDE EDUCATIONAL LOANS, SCHOLARSHIPS OR GRANTS TO AID STUDENTS OF THE COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $560,319

PROVIDED 577 EDUCATIONAL SCHOLARSHIPS OR GRANTS TO TIDEWATER COMMUNITY COLLEGE STUDENTS.

Program 2

Expenses: $741,205

BOOKS, MATERIALS AND EQUIPMENT USED TO ENHANCE THE EDUCATIONAL PROGRAMSAT TIDEWATER COMMUNITY COLLEGE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,811,747

Program Service Revenue $0

Investment Income $466,872

Other Revenue $0

TOTAL REVENUE $4,278,619

Expense Breakdown

Grants Paid $673,671

Salaries & Benefits $0

Fundraising Expenses $28,547

Program Expenses $1,301,524

Other Expenses $1,034,887

TOTAL EXPENSES $1,708,558

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,278,619	$1,944,059	+1.2%
Expenses	$1,708,558	$1,218,151	+0.4%
Net Income	$2,570,061	$725,908	+2.5%

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

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

$592,950

Total Directors

$377,625

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MARCIA CONTON	TCC PRESIDENT	1.00	Officer Director	$0	$86,798	$377,625
ANDREW HODGE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JUSTIN BALLARD	DIRECTOR	1.00	Officer Director	$0	$0	$0
BEN DAVENPORT	DIRECTOR	1.00	Director	$0	$0	$0
DAN BANISTER	DIRECTOR	1.00	Director	$0	$0	$0
TONYA D BYRD	TREASURER	1.00	Director	$0	$0	$0
MARK A JOHNSON	DIRECTOR	1.00	Officer Director	$0	$0	$0
CYNTHIA FREE	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN R ASHER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN L ROWE JR	DIRECTOR	1.00	Director	$0	$0	$0
ROY CORBY	DIRECTOR	1.00	Director	$0	$0	$0
FRED PASQUINE	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES A TYSINGER	LAISON FOR TCC COLLEGE BOARD	1.00	Officer Director	$0	$0	$0
CHRISTOPHER P BRYANT	EXECUTIVE DIR. AND VP OF I	20.00	Officer	$0	$57,711	$215,325

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	No data	No data	No data	No data
2023	$4,278,619	$1,708,558	$13,257,620	$2,570,061
2022	$1,944,059	$1,218,151	$9,741,440	$725,908
2021	$1,876,971	$1,494,318	$10,555,249	$382,653
2020	$665,960	$2,286,095	$10,311,562	$-1,620,135
2019	$2,541,876	$2,143,712	$11,165,473	$398,164
2018	$2,798,011	$1,586,640	$9,063,461	$1,211,371

TIDEWATER COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC