MOUNTAIN EMPIRE COMMUNITY COLLEGE FOUNDATION INC (EIN 541175620) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

AMY GREEAR

Phone

2765232400

Tax Period

2024-01-01 to 2024-12-31

MOUNTAIN EMPIRE COMMUNITY COLLEGE FOUNDATION INC, founded in 1981, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2018. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 13% operating deficit.

Mission

PROVIDE EDUCATIONAL ASSISTANCE TO INDIVIDUALS ATTENDING MOUNTAIN EMPIRE COMMUNITY COLLEGE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,466,463

Program Service Revenue $0

Investment Income $1,382,765

Other Revenue $3,024

TOTAL REVENUE $2,852,252

Expense Breakdown

Grants Paid $1,052,954

Salaries & Benefits $340,740

Fundraising Expenses $87,647

Program Expenses $1,342,824

Other Expenses $700,606

TOTAL EXPENSES $2,094,300

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,852,252	$1,924,022	+0.5%
Expenses	$2,094,300	$1,600,813	+0.3%
Net Income	$757,952	$323,209	+1.3%

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

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

$440,862

Total Directors

$579,593

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANA D POPE	DIRECTOR	1.00	Director	$0	$0	$0
DR KRISTEN WESTOVER	PRESIDENT OF MECC	1.00	Officer Director	$0	$0	$204,237
KRISTY HALL	MECC VP OF FIN;VICE-TREAS;	1.00	Officer Director	$0	$0	$117,880
ROGER A DAUGHERTY	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH FUNK	DIRECTOR	1.00	Director	$0	$0	$0
LETON HARDING JR	CHAIR	1.00	Officer Director	$0	$0	$0
DR KATHLEEN DEPONTE	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE HERNDON	DIRECTOR	1.00	Director	$0	$0	$0
PETER RABER	DIRECTOR	1.00	Director	$0	$0	$0
JACK RHOTON	DIRECTOR	1.00	Director	$0	$0	$0
JIM SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JASON STURGILL	DIRECTOR	1.00	Director	$0	$0	$0
DR AMY GREEAR	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$0	$118,745
DR WILLIAM KANTO	TREASURER	1.00	Officer Director	$0	$0	$0
KENNETH FOGG	DIRECTOR	1.00	Director	$0	$0	$0
KEITH WILSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LENA GRACE	DIRECTOR	1.00	Director	$0	$0	$66,500
MIKE STROUTH	DIRECTOR	1.00	Director	$0	$0	$0
DR VICKIE RATLIFF	DIRECTOR	1.00	Director	$0	$0	$0
PAULINE ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM BOTT	DIRECTOR	1.00	Director	$0	$0	$72,231
WC BUZZY WITT JR	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
2024	$2,852,252	$2,094,300	$40,379,822	$757,952
2023	$1,924,022	$1,600,813	$36,154,443	$323,209
2022	$2,831,277	$1,450,841	$31,482,446	$1,380,436
2021	$2,242,972	$1,620,624	$35,370,854	$622,348
2020	$2,399,314	$1,820,790	$31,871,565	$578,524
2019	$2,456,135	$1,526,930	$28,887,411	$929,205
2018	$1,019,918	$1,153,933	$23,927,289	$-134,015

MOUNTAIN EMPIRE COMMUNITY COLLEGE FOUNDATION INC