THE HARFORD COMMUNITY COLLEGE FOUN… - 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

1989

Legal Domicile

Principal Officer

ERIC REBBERT

Phone

4434122449

Tax Period

2023-07-01 to 2024-06-30

THE HARFORD COMMUNITY COLLEGE FOUNDATION INC, founded in 1989, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.1M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $731K, a strong 34% operating margin.

Mission

THE HARFORD COMMUNITY COLLEGE FOUNDATION, INC., ASSISTS HARFORD COMMUNITY COLLEGE AND THE ADVANCEMENT OF PUBLIC HIGHER EDUCATION BY BROADENING THE BASE OF SUPPORT AND COMMUNICATION WITH PRIVATE DONORS AND PUBLIC AGENCIES. (CONTINUED ON SCHEDULE O)THROUGH FRIEND RAISING, ADVOCACY, AND FUNDRAISING EFFORTS, THE FOUNDATION SUSTAINS THE COLLEGE WITH FINANCIAL AND PERSONAL CONTRIBUTIONS FOR EDUCATIONAL PROGRAMS DEVELOPED BY THE COLLEGE COMMUNITY AND APPROVED BY THE BOARD OF TRUSTEES.

Program Service Accomplishments

Program 1

Expenses: $508,166

GRANTS TO HARFORD COMMUNITY COLLEGE FOR PROGRAM SUPPORT- INCLUDING CULTURAL ACTIVITIES, ATHLETIC AND STUDENT PROGRAMS, FACULTY/STAFF DEVELOPMENT, AND TECHNOLOGY EQUIPMENT.

Program 2

Expenses: $682,476

SCHOLARSHIPS FOR TUITION AND FEES OF SELECTED STUDENTS ATTENDING HARFORD COMMUNITY COLLEGE.

Program 3

Expenses: $9,072

EMERGENCY GRANTS TO STUDENTS

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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 $1,143,709

Program Service Revenue $0

Investment Income $868,440

Other Revenue $106,725

TOTAL REVENUE $2,118,874

Expense Breakdown

Grants Paid $1,199,714

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,199,714

Other Expenses $188,400

TOTAL EXPENSES $1,388,114

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,118,874	$2,440,881	-0.1%
Expenses	$1,388,114	$1,750,102	-0.2%
Net Income	$730,760	$690,779	+0.1%

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

$342,747

Total Directors

$441,649

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THERESA FELDER	DIRECTOR & COLLEGE PRESIDENT	1.00	Officer Director	$0	$57,656	$312,204
ERIC REBBERT	CHAIR	1.00	Officer Director	$0	$0	$0
TREY MULLER-THYM	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
LEE TAYSON	VICE-CHAIR OF FINANCE	1.00	Officer Director	$0	$0	$0
FRANK LINKOUS	SECRETARY, TREASURER & DIRECTOR	1.00	Officer Director	$0	$0	$0
ERIC MCLAUCHLIN	PAST CHAIR	1.00	Officer Director	$0	$0	$0
CLAUDINE ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY C COMES	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS GOLLADAY	DIRECTOR	1.00	Director	$0	$0	$0
DORETHA GREEN	DIRECTOR	1.00	Director	$0	$0	$0
ANDY GUCKERT	DIRECTOR	1.00	Director	$0	$0	$0
KRISTI HALFORD	DIRECTOR	1.00	Director	$0	$0	$0
RONALD HILL	DIRECTOR	1.00	Director	$0	$0	$0
TAMI IMBIEROWICZ	DIRECTOR & COLLEGE PROFESSOR	1.00	Director	$0	$30,102	$129,445
VICKI JONES	DIRECTOR	1.00	Director	$0	$0	$0
GILBERT F KENNEDY III	DIRECTOR	1.00	Director	$0	$0	$0
MARLENE LIEB	DIRECTOR	1.00	Officer Director	$0	$0	$0
PAUL MAJEWSKI II	DIRECTOR	1.00	Director	$0	$0	$0
JULIE MCQUEEN-FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MILTON	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY MURTER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL NEUMANN	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA OSBORN	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA PERLUKE	DIRECTOR	1.00	Director	$0	$0	$0
PATRICE RICCIARDI	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SCHWABER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN M SIMMONS	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE STEIN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID STRATMEYER	DIRECTOR	1.00	Director	$0	$0	$0
TERRY TROY	DIRECTOR	1.00	Director	$0	$0	$0
BEVERLY WEHMER	DIRECTOR	1.00	Director	$0	$0	$0
MONICA WORRELL	DIRECTOR	1.00	Director	$0	$0	$0
TREVOR JACKSON	CFO (UNTIL 02/23)	1.00	Officer	$0	$2,536	$30,543

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	$2,118,874	$1,388,114	$22,375,861	$730,760
2023	$2,440,881	$1,750,102	$20,845,417	$690,779
2022	$2,704,879	$1,344,210	$18,413,309	$1,360,669
2021	$3,997,749	$1,197,239	$18,332,770	$2,800,510
2020	$2,290,294	$817,117	$12,708,311	$1,473,177
2019	$1,426,967	$846,472	$11,940,301	$580,495
2018	$1,525,358	$802,404	$11,121,540	$722,954

THE HARFORD COMMUNITY COLLEGE FOUNDATION INC