HOWARD COMMUNITY COLLEGE EDUCATION… - 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

1978

Legal Domicile

Principal Officer

ALISON CANNING

Phone

4435181970

Tax Period

2024-07-01 to 2025-06-30

HOWARD COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC, founded in 1978, is a community nonprofit in the Education sector that reported $6.7M in total revenue in fiscal year 2024. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.0M, a strong 59% operating margin.

Mission

THE MISSION OF THE HOWARD COMMUNITY COLLEGE EDUCATION FOUNDATION, INC. IS TO IMPROVE LIVES AND CREATE OPPORTUNITIES BY FUNDING PATHWAYS TO STUDENT SUCCESS AT HOWARD COMMUNITY COLLEGE. AS COMPARATIVELY AFFORDABLE AS HOWARD COMMUNITY COLLEGE IS, NEARLY HALF OF ALL STUDENTS RECEIVE SOME FORM OF FINANCIAL ASSISTANCE. SCHOLARSHIPS ALONG WITH FINANCIAL SUPPORT FOR PROGRAMS ALLOW STUDENTS TO REACH THEIR EDUCATIONAL GOALS.

Program Service Accomplishments

Program 1

Expenses: $1,475,690

EACH YEAR THE FOUNDATION FUNDS PROGRAMS FOR THE BENEFIT OF HOWARD COMMUNITY COLLEGE AND ITS FACULTY AND STUDENTS.

Program 2

Expenses: $1,099,550

EACH YEAR THE FOUNDATION FUNDS SCHOLARSHIPS AWARDED BY HOWARD 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 (2024)

Revenue Breakdown

Contributions & Grants $5,513,229

Program Service Revenue $0

Investment Income $1,324,992

Other Revenue $-116,178

TOTAL REVENUE $6,722,043

Expense Breakdown

Grants Paid $2,575,240

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,575,240

Other Expenses $154,307

TOTAL EXPENSES $2,729,547

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,722,043	$3,603,604	+0.9%
Expenses	$2,729,547	$2,121,677	+0.3%
Net Income	$3,992,496	$1,481,927	+1.7%

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

150

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

$624,546

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOYD RUTHERFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
DR CARL PERKINS	TRUST LIAISON	1.00	Director	$0	$0	$0
LISA OLIVIERI	BOARD MEMBER	1.00	Director	$0	$0	$0
YVONNE MRHA	BOARD MEMBER	1.00	Director	$0	$0	$0
MI JI KIM	BOARD MEMBER	1.00	Director	$0	$0	$0
NICK BARRICK	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM BANKS	FACULTY LIAISON	1.00	Director	$0	$0	$0
ANGELA WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM TUCKER	BOARD MEMBER	1.00	Director	$0	$0	$0
CLARICE SOMERSALL	BOARD MEMBER	1.00	Director	$0	$0	$0
TRISH SCHNEIDER	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC REGELIN	BOARD MEMBER - ACTIVE UNTIL 11/20/24	1.00	Director	$0	$0	$0
CASSANDRA OKECHUKWU	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA NUGENT	BOARD MEMBER - ACTIVE UNTIL 12/24/24	1.00	Director	$0	$0	$0
DAVID KAY	BOARD MEMBER - ACTIVE UNTIL 7/31/24	1.00	Director	$0	$0	$0
ERIC HENLON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS GALLANT	BOARD MEMBER	1.00	Director	$0	$0	$0
ELYSE DEVRIES	BOARD MEMBER	1.00	Director	$0	$0	$0
U MICHAEL CURRIE	BOARD MEMBER	1.00	Director	$0	$0	$0
GULNAZ ANWAR	BOARD MEMBER	1.00	Director	$0	$0	$0
SEAN HOUGH	TREASURER-FINANCE	1.00	Officer Director	$0	$0	$0
BOB HOGUE	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
PAUL GLEICHAUF	IMMEDIATE PAST CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ALISON CANNING	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
GINA SIMOWITZ	BOARD MEMBER	1.00	Director	$0	$0	$0
BEN VAUGHN	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE JOHNSON	EXECUTIVE DIRECTOR	40.00	Officer	$0	$47,486	$218,978
DARIA WILLIS	SECRETARY	10.00	Officer	$0	$51,736	$405,568

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	$6,722,043	$2,729,547	$25,881,221	$3,992,496
2024	$3,603,604	$2,121,677	$20,279,354	$1,481,927
2023	$5,486,850	$4,089,310	$17,788,713	$1,397,540
2022	$3,702,279	$3,382,038	$15,584,506	$320,241
2021	$3,405,335	$2,500,619	$18,430,154	$904,716
2020	$3,528,271	$2,682,680	$15,094,521	$845,591
2019	$3,182,290	$2,800,768	$13,897,913	$381,522

HOWARD COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC