DANVILLE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC

EIN: 541213521 501(c)(3)

DANVILLE, VA

Total Revenue
$4,162,462
Total Expenses
$990,799
Total Assets
$20,881,503
Net Assets
$20,842,098
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
VA
Principal Officer
DR TOM GROGAN
Phone
4347978495
Tax Period
2024-07-01 to 2025-06-30

DANVILLE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC, founded in 1982, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2017. Revenue surged 232% from the prior year, signaling strong growth momentum. The organization ran a surplus of $742K, a strong 20% operating margin.

Mission

PROVIDING EDUCATIONAL ASSISTANCE TO STUDENTS OF DANVILLE 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $541,718
Program Service Revenue $0
Investment Income $3,628,054
Other Revenue $-7,310
TOTAL REVENUE $4,162,462

Expense Breakdown

Grants Paid $571,658
Salaries & Benefits $0
Fundraising Expenses $85,479
Program Expenses $571,658
Other Expenses $419,141
TOTAL EXPENSES $990,799

Year-over-Year Comparison

2024 2023 Change
Revenue $4,162,462 $4,235,668 0.0%
Expenses $990,799 $1,033,459 0.0%
Net Income $3,171,663 $3,202,209 0.0%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
23
Independent Members
23
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
5
$177,346
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BROOKS POWELL III CHAIR 1.00
Officer Director
$0 $0 $0
TED HODGES VICE-CHAIR 1.00
Officer Director
$0 $0 $0
NAN FREED TREASURER 1.00
Officer Director
$0 $0 $0
ELIZABETH SPAINHOUR SECRETARY 1.00
Officer Director
$0 $0 $0
SHAHNAZ AHMED DIRECTOR 1.00
Director
$0 $0 $0
CARRIE ASHE DIRECTOR 1.00
Director
$0 $0 $0
DEBRA CARLSON DIRECTOR 1.00
Director
$0 $0 $0
RYLAND CLARK DIRECTOR 1.00
Director
$0 $0 $0
MATTIE COWAN DIRECTOR 1.00
Director
$0 $0 $0
ED FITZGERALD IV DIRECTOR 1.00
Director
$0 $0 $0
PORTIA FITZGERALD DIRECTOR 1.00
Director
$0 $0 $0
TOM GROGAN DIRECTOR 1.00
Director
$0 $0 $0
TERRI HALL DIRECTOR 1.00
Director
$0 $0 $0
VALDIVIA HALL DIRECTOR 1.00
Director
$0 $0 $0
EDDIE HERNDON JR DIRECTOR 1.00
Director
$0 $0 $0
ERNESTINE PAYNE DIRECTOR 1.00
Director
$0 $0 $0
CARLYLE RAMSEY DIRECTOR 1.00
Director
$0 $0 $0
JESSE TATE DIRECTOR 1.00
Director
$0 $0 $0
JIMMIE TICKLE DIRECTOR 1.00
Director
$0 $0 $0
JEAN CAROL VERNON DIRECTOR 1.00
Director
$0 $0 $0
CORNELIUS JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH WARE DIRECTOR 1.00
Director
$0 $0 $0
CARLYLE WIMBISH DIRECTOR 1.00
Director
$0 $0 $0
BOBBYE RAYE WOMACK DIRECTOR 1.00
Director
$0 $0 $0
SHANNON L HAIR EXECUTIVE DIRECTOR; DCC VP 40.00
Officer
$0 $48,223 $177,346
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 $4,162,462 $990,799 $20,881,503 $3,171,663
2024 $4,235,668 $1,033,459 $19,428,571 $3,202,209
2023 $768,680 $1,141,754 $14,827,579 $-373,074
2022 $1,971,956 $936,768 $13,887,652 $1,035,188
2021 $945,901 $1,028,990 $14,601,310 $-83,089
2020 $1,652,648 $718,480 $12,450,865 $934,168
2019 $1,649,032 $1,014,813 $11,335,992 $634,219
2018 $3,756,442 $3,014,210 $9,531,320 $742,232
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