WYTHEVILLE COMMUNITY COLLEGE EDUCA… - 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

DEAN SPRINKLE

Phone

2762234772

Tax Period

2023-01-01 to 2023-12-31

WYTHEVILLE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC, founded in 1981, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 45% operating margin.

Mission

THE PURPOSE OF THE WYTHEVILLE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION, INC. IS TO FOSTER AND PROMOTE THE GROWTH, PROGRESS, AND GENERAL WELFARE OF THE WYTHEVILLE COMMUNITY COLLEGE AND THE VIRGINIA COMMUNITY COLLEGE SYSTEM AND PARTICULARLY, BUT WITHOUT LIMITATION, TO: PROVIDE MONEY, PERSONNEL, OR OTHER AID FOR THE STRENGTHENING, DEVELOPMENT, AND ENLARGEMENT OF THE COLLEGE AND ITS PROGRAMS NOW IN EXISTENCE OR HEREAFTER CREATED; MAKE DONATIONS OR CONTRIBUTIONS TO, OR ASSIST IN THE SUPPORT OF CURRENT COLLEGE ACTIVITIES AND UNDERTAKINGS OR THE ESTABLISHMENT AND SUPPORT OF ANY NEW FUNCTIONS AND/OR OBJECTIVES; PURCHASE OR MAKE CONTRIBUTIONS TOWARD THE ACQUISITION OF BOOKS, MATERIALS, AND EQUIPMENT OR THE ERECTION AND CONSTRUCTION OF BUILDINGS AND FACILITIES, WHICH WILL CONTRIBUTE TO THE EDUCATIONAL AND ADMINISTRATIVE RESOURCES OF THE COLLEGE; PROVIDE EDUCATIONAL LOANS, SCHOLARSHIPS, OR GRANTS IN AID FOR STUDENTS OF THE COLLEGE; AND CONTRIBUTE TO PROPER FUNCTIONS SPONSORED BY THE COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $1,072,437

THE FOUNDATION'S LARGEST PROGRAM WAS FOR SCHOLARSHIP SUPPORT. THE FOUNDATION PRIMARILY PROVIDES SCHOLARSHIPS AND AWARDS TO DESERVING WYTHEVILLE COMMUNITY COLLEGE STUDENTS.

Program 2

Expenses: $82,594

THE SECOND LARGEST PROGRAM WAS FOR SUPPORT OF COLLEGE PROGRAMS AND ACTIVITIES.

Program 3

Expenses: $34,204

THE THIRD LARGEST PROGRAM IS TO PROVIDE FACULTY SUPPORT, HOST SPECIAL EVENTS, AND TO CULTIVATE DONORS AND VOLUNTEERS.

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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 $2,117,753

Program Service Revenue $0

Investment Income $299,304

Other Revenue $0

TOTAL REVENUE $2,417,057

Expense Breakdown

Grants Paid $1,155,031

Salaries & Benefits $0

Fundraising Expenses $32,888

Program Expenses $1,189,235

Other Expenses $162,834

TOTAL EXPENSES $1,317,865

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,417,057	$1,799,257	+0.3%
Expenses	$1,317,865	$1,380,241	0.0%
Net Income	$1,099,192	$419,016	+1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MITCH G ANDERS	MEMBER	N/A	Director	$0	$0	$0
RICKY ANDERSON	MEMBER	N/A	Director	$0	$0	$0
DR BECKY BEAMER	MEMBER	N/A	Director	$0	$0	$0
DALE CLARK	MEMBER	N/A	Director	$0	$0	$0
LARRY CORVIN	MEMBER	N/A	Director	$0	$0	$0
DAVID DICKENS	TREASURER	N/A	Officer Director	$0	$0	$0
JEFF DUNNACK	MEMBER	N/A	Director	$0	$0	$0
BETTY ELMORE	MEMBER	N/A	Director	$0	$0	$0
JIM HARRINGTON	MEMBER	N/A	Director	$0	$0	$0
W ROBERT HORTON	MEMBER	N/A	Director	$0	$0	$0
TOMMY F HUNDLEY	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
EDWARD A HANKS II	MEMBER	N/A	Director	$0	$0	$0
THOMAS M JACKSON III	MEMBER	N/A	Director	$0	$0	$0
CAMERON WOLFE JR	PRESIDENT	N/A	Officer Director	$0	$0	$0
TROY SAGE	MEMBER	N/A	Director	$0	$0	$0
BRIAN SPENCER	MEMBER	N/A	Director	$0	$0	$0
DEAN SPRINKLE	SECRETARY	N/A	Officer Director	$0	$0	$0
J ED STRINGER	MEMBER	N/A	Director	$0	$0	$0
LORRAINE V WADDLE	MEMBER	N/A	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	No data	No data	No data	No data
2023	$2,417,057	$1,317,865	$15,900,454	$1,099,192
2022	$1,799,257	$1,380,241	$13,748,180	$419,016
2021	$1,530,022	$1,121,221	$15,012,202	$408,801
2020	$2,225,225	$1,303,244	$13,066,288	$921,981
2020	$2,225,225	$1,303,244	$13,066,288	$921,981
2019	$1,507,451	$1,209,634	$11,561,740	$297,817
2018	$1,827,693	$1,378,704	$9,553,967	$448,989

WYTHEVILLE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC