PATRICK & HENRY COMMUNITY COLLEGE … - 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

CAROLYN SHOUGH

Phone

2766560250

Tax Period

2022-07-01 to 2023-06-30

PATRICK & HENRY COMMUNITY COLLEGE FOUNDATION, founded in 1981, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.2M in total revenue in fiscal year 2022. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $3.1M left a modest 3% surplus.

Mission

TO ENHANCE COMMUNITY AWARENESS OF PATRICK HENRY COMMUNITY COLLEGE; TO SECURE PRIVATE CONTRIBUTIONS, BEQUESTS, AND DONATIONS; TO ACCOUNT FOR, MANAGE, AND HELP APPRECIATE MONIES OR PROPERTY SUBMITTED TO THE FOUNDATION; AND TO PROVIDE SCHOLARSHIPS TO STUDENTS AND TO PROVIDE OTHER FINANCIAL SUPPORT TO PATRICK HENRY COMMUNITY COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $2,132,185

THE FOUNDATION PROVIDES SUPPORT TO THE PATRICK HENRY COMMUNITY COLLEGE FOR THE INSTITUTION'S PRIMARY MISSIONS: INSTRUCTION, RESEARCH, AND PUBLIC SERVICE.

Program 2

Expenses: $543,026

THE FOUNDATION PROVIDES SCHOLARSHIPS TO STUDENTS OF VARIOUS ACADEMIC PROGRAMS OFFERED AT PATRICK HENRY 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 (2022)

Revenue Breakdown

Contributions & Grants $1,799,472

Program Service Revenue $0

Investment Income $1,391,645

Other Revenue $1,226

TOTAL REVENUE $3,192,343

Expense Breakdown

Grants Paid $543,026

Salaries & Benefits $343,859

Fundraising Expenses $22,459

Program Expenses $2,675,211

Other Expenses $2,199,513

TOTAL EXPENSES $3,086,398

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,192,343	$4,530,901	-0.3%
Expenses	$3,086,398	$3,315,275	-0.1%
Net Income	$105,945	$1,215,626	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON HALEY	Chairman	0.50	Officer Director	$0	$0	$0
SCOTT PRILLAMAN	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
MARGIE EASON	Secretary	0.50	Officer Director	$0	$0	$0
CAROLYN SHOUGH	Treasurer	1.00	Officer Director	$0	$0	$0
PAM ALLEN	Director	0.50	Director	$0	$0	$0
JIM BECKNER	Director	0.50	Director	$0	$0	$0
SMITH CHANEY	Director	0.50	Director	$0	$0	$0
GENE CLARK	Director	0.50	Director	$0	$0	$0
GARY COLLINS	Director	0.50	Director	$0	$0	$0
DONNA DILLARD	Director	0.50	Director	$0	$0	$0
LEN DILLON	Director	0.50	Director	$0	$0	$0
LISA FRANCE	Director	0.50	Director	$0	$0	$0
LINDA GALE	Director	0.50	Director	$0	$0	$0
WARREN RODGERS JR	Director	0.50	Director	$0	$0	$0
JOHN GREGORY	Director	0.50	Director	$0	$0	$0
DR GREG HODGES	EX OFFICIO	0.50	Director	$0	$0	$0
KEVIN LAINE	Director	0.50	Director	$0	$0	$0
KAREN PARKER	Director	0.50	Director	$0	$0	$0
SEBRENA SMITH	Director	0.50	Director	$0	$0	$0
MIYANA SMITH	Director	0.50	Director	$0	$0	$0
DAVID SWISHER	Director	0.50	Director	$0	$0	$0
COURTNEY WILLIAMS	Director	0.50	Director	$0	$0	$0
TIFFANI UNDERWOOD	Executive Dir.	40.00	Officer	$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	$3,192,343	$3,086,398	$20,138,412	$105,945
2021	$4,555,998	$3,478,223	$23,312,561	$1,077,775
2020	$3,812,284	$4,161,793	$20,876,328	$-349,509
2019	$3,701,277	$2,671,583	$21,057,727	$1,029,694

PATRICK & HENRY COMMUNITY COLLEGE FOUNDATION