SOUTHWEST 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

1981

Legal Domicile

Principal Officer

SCOTT BUTCHER

Phone

2769647304

Tax Period

2024-07-01 to 2025-06-30

SOUTHWEST VIRGINIA COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC, founded in 1981, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $3.1M exceeded revenue, resulting in a 59% operating deficit.

Mission

THE FOUNDATION'S PURPOSE IS TO SUPPORT THE MISSION OF THE SWCC COLLEGE AND TO HELP MEET THE NEEDS OF AND PROVIDE OPPORTUNITIES FOR STUDENTS, FACULTY AND STAFF BY STRIVING TO PROVIDE ECONOMIC STABILITY BY ASSISTING THE SWCC COLLEGE IN MEETING THE NEEDS OF TODAY AND THE CHALLENGES OF TOMORROW.

Program Service Accomplishments

Program 1

Expenses: $2,354,370

SOUTHWEST VIRGINIA COMMUNITY COLLEGE EDUCATIONAL FOUNDATION, INC. PURPOSE IS TO SUPPORT THE MISSION OF THE SWCC COLLEGE AND TO HELP MEET THE NEEDS OF AND PROVIDE OPPORTUNITIES FOR STUDENTS, FACULTY AND STAFF BY STRIVING TO PROVIDE ECONOMIC STABILITY BY ASSISTING THE SWCC COLLEGE IN MEETING THE NEEDS OF TODAY AND THE CHALLENGES OF TOMORROW. EXPENSES HAVE BEEN ALLOCATED TO THE SWCC COLLEGE IF THEY ARE CORRELATED OR DIRECTLY PAID FOR THE SWCC COLLEGE'S ASSETS, ACTIVITIES, INCLUDING STAFF, STUDENTS, CLUBS, AND DIRECT OVERALL SUPPORT.

Program 2

Expenses: $104,089 Revenue: $-428,860

THE FOUNDATION'S PROGRAM ACTIVITIES RELATE TO ITS DIRECTLY RELATED EXPENSES. THIS INCLUDES THE FOUNDATION'S OPERATIONS, INCLUDING PAYROLL AND OVERALL SUPPORT OF ITS OWN ASSETS AND ACTIVITIES. A...

THE FOUNDATION'S PROGRAM ACTIVITIES RELATE TO ITS DIRECTLY RELATED EXPENSES. THIS INCLUDES THE FOUNDATION'S OPERATIONS, INCLUDING PAYROLL AND OVERALL SUPPORT OF ITS OWN ASSETS AND ACTIVITIES. A MAJORITY OF THESE EXPENSES ARE FOR THE ACTIVITIES ON THE GRUNDY BOOTH CENTER AND THE APPALACHIAN ARTS CENTER, INCLUDING THE ALLOCATION OF DEPRECIATION.

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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 $933,324

Program Service Revenue $0

Investment Income $1,254,922

Other Revenue $-261,200

TOTAL REVENUE $1,927,046

Expense Breakdown

Grants Paid $2,354,370

Salaries & Benefits $451,980

Fundraising Expenses $108,938

Program Expenses $2,458,459

Other Expenses $265,255

TOTAL EXPENSES $3,071,605

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,927,046	$2,612,016	-0.3%
Expenses	$3,071,605	$4,266,390	-0.3%
Net Income	$-1,144,559	$-1,654,374	-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

$90,222

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT BUTCHER	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
MARCO WARNER	BOARD VICE-CHAIR	0.50	Officer Director	$0	$0	$0
DR VICKIE RATLIFF	BOARD SECRETARY	0.50	Officer Director	$0	$0	$0
JIM BOYD	BOARD MEMBER	0.50	Director	$0	$0	$0
ANDY HROVATIC	BOARD MEMBER	0.50	Director	$0	$0	$0
LYNN KEENE	BOARD MEMBER	0.50	Director	$0	$0	$0
FRAN MINTON	BOARD MEMBER	0.50	Director	$0	$0	$0
TOM MULLINS	BOARD MEMBER	0.50	Director	$0	$0	$0
CATHY PAYNE	BOARD MEMBER	0.50	Director	$0	$0	$0
AJ ROBINSON	BOARD MEMBER	0.50	Director	$0	$0	$0
MARY JEFFRIES	BOARD MEMBER	0.50	Director	$0	$0	$0
STACEY MCGHEE	EXECUTIVE DIRECTOR	40.00	Officer	$0	$17,547	$90,222

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	$1,927,046	$3,071,605	$42,985,062	$-1,144,559
2024	$2,612,016	$4,266,390	$41,827,862	$-1,654,374
2023	$5,257,626	$2,814,358	$40,977,522	$2,443,268
2022	$19,001,638	$1,465,032	$33,978,291	$17,536,606
2021	$2,219,934	$1,469,025	$36,581,437	$750,909
2020	$2,079,482	$1,774,614	$29,240,145	$304,868

SOUTHWEST VIRGINIA COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC