SOUTHSIDE VIRGINIA COMMUNITY COLLE… - 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

SHANNON FEINMAN

Phone

4349491000

Tax Period

2023-07-01 to 2024-06-30

SOUTHSIDE VIRGINIA COMMUNITY COLLEGE FOUNDATION INC, founded in 1980, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2023. The organization ran a surplus of $564K, a strong 27% operating margin.

Mission

TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE SOUTHSIDE VIRGINIA COMMUNITY COLLEGE AND THE VIRGINIA COLLEGE SYSTEM.

Program Service Accomplishments

Program 1

Expenses: $1,353,366

PROVIDE BOOKS, TUITION AND EDUCATIONAL OPPORTUNITIES TO QUALIFIED STUDENTS OF THE SOUTHSIDE VIRGINIA COMMUNITY COLLEGE AND THE VIRGINIA COLLEGE SYSTEM.

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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 $1,872,778

Program Service Revenue $0

Investment Income $182,816

Other Revenue $0

TOTAL REVENUE $2,055,594

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,353,366

Other Expenses $1,491,764

TOTAL EXPENSES $1,491,764

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,055,594	$2,113,496	0.0%
Expenses	$1,491,764	$1,343,131	+0.1%
Net Income	$563,830	$770,365	-0.3%

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
ROBERT F PECHT III	PRESIDENT	2.00	Officer Director	$0	$0	$0
CARTHAN F CURRIN III	VICE-PRESIDE	2.00	Officer Director	$0	$0	$0
QUENTIN R JOHNSON	SECRETARY	2.00	Officer Director	$0	$0	$0
SHANNON FEINMAN	TREASURER	2.00	Officer Director	$0	$0	$0
CHRIS BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
HAZEL BAKER	DIRECTOR	1.00	Director	$0	$0	$0
C BUTLER BARRETT	DIRECTOR	1.00	Director	$0	$0	$0
JIM COLON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT LEDBETTER	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN E PARKER	DIRECTOR	1.00	Director	$0	$0	$0
MARY G REED	DIRECTOR	1.00	Director	$0	$0	$0
RONALD A THORNHILL	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY SATTERFIELD	DIRECTOR	1.00	Director	$0	$0	$0
SID SMYTH	DIRECTOR	1.00	Director	$0	$0	$0
J ROBERT SNODDY	DIRECTOR	1.00	Director	$0	$0	$0
SHERYL D SWINSON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT VAUGHN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT C WRENN	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	$2,055,594	$1,491,764	$9,852,295	$563,830
2023	$2,113,496	$1,343,131	$8,434,011	$770,365
2022	$1,204,135	$718,414	$7,627,840	$485,721
2021	$1,218,107	$817,970	$7,598,695	$400,137
2020	$1,405,485	$1,348,742	$6,294,532	$56,743
2019	$1,322,371	$1,052,419	$6,318,346	$269,952

SOUTHSIDE VIRGINIA COMMUNITY COLLEGE FOUNDATION INC