ACCESS COLLEGE FOUNDATION (EIN 541440734) - 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

1987

Legal Domicile

Principal Officer

BONNIE SUTTON

Phone

7579626113

Tax Period

2023-07-01 to 2024-06-30

Access College Foundation, founded in 1988, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2018. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $4.4M exceeded revenue, resulting in a 49% operating deficit.

Mission

THE ACCESS COLLEGE FOUNDATION HELPS STUDENTS IN THE PUBLIC HIGH SCHOOLS OF S.HAMPTON ROADS, AND N. HAMPTON CO. GO TO COLLEGE OR OTHER POSTSECONDARY TRAINING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $9,239,573

Program Service Revenue $0

Investment Income $1,605,231

Other Revenue $-16,002

TOTAL REVENUE $10,828,802

Expense Breakdown

Grants Paid $990,402

Salaries & Benefits $4,029,998

Fundraising Expenses $846,146

Program Expenses $4,462,784

Other Expenses $863,941

TOTAL EXPENSES $5,962,447

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,828,802	$8,084,908	+0.3%
Expenses	$5,962,447	$5,129,033	+0.2%
Net Income	$4,866,355	$2,955,875	+0.6%

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

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

$276,316

Total Directors

$276,316

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BONNIE B SUTTON	PRESIDENT AND CEO	37.5	Officer Director	$261,299	$15,017	$276,316
CHERYL JONES	VP FOR PROGRAMS	37.5	Highest	$107,238	$11,889	$119,127
DIONNE SCOTT	VP FOR DEVELOPMENT	37.5	Highest	$104,436	$10,049	$114,485
AARON SCHAEFER	DIRECTOR	0.2	Director	$0	$0	$0
ALLISON MCDUFFIE	DIRECTOR	0.2	Director	$0	$0	$0
AMANDA GIFT	CHAIR	1.0	Officer Director	$0	$0	$0
AUDREY SETTLE	ASST. SECRETARY	0.2	Officer Director	$0	$0	$0
BOBBY BEASLEY III	DIRECTOR	0.2	Director	$0	$0	$0
CEDRICKA DALTON	DIRECTOR	0.2	Director	$0	$0	$0
CHARLES BIRDSONG	DIRECTOR	0.2	Director	$0	$0	$0
CHRIS GRAVES	DIRECTOR	0.2	Director	$0	$0	$0
CHRISTOPHER JOHNSON	DIRECTOR	0.2	Director	$0	$0	$0
CONRAD M HALL	DIRECTOR	0.2	Director	$0	$0	$0
DON SCOTT	DIRECTOR	0.2	Director	$0	$0	$0
ELLIS PRETLOW	DIRECTOR	0.2	Director	$0	$0	$0
EVAN KALFUS	DIRECTOR	0.2	Director	$0	$0	$0
FRANK BATTEN JR	DIRECTOR	0.2	Director	$0	$0	$0
FRED KIRSCHBAUM	DIRECTOR	0.2	Director	$0	$0	$0
GWEN GREEN	DIRECTOR	0.2	Director	$0	$0	$0
JAMES NOEL	DIRECTOR	0.2	Director	$0	$0	$0
JANE R SHORT	ASST. TREASURER	0.2	Officer Director	$0	$0	$0
JARED COTTON	DIRECTOR (AS OF 01/24)	0.2	Director	$0	$0	$0
JIM SHUMADINE	DIRECTOR	0.2	Director	$0	$0	$0
JOAN P BROCK	DIRECTOR	0.2	Director	$0	$0	$0
JOHN B GORDON	DIRECTOR (THRU 01/24)	0.2	Director	$0	$0	$0
JOHN STEIN	SECRETARY	1.0	Officer Director	$0	$0	$0
KRISTAL AUDAIN	DIRECTOR	0.2	Director	$0	$0	$0
LOUIS RYAN	DIRECTOR	0.2	Director	$0	$0	$0
MORGAN WHAYLAND	DIRECTOR	0.2	Director	$0	$0	$0
OWEN GRIFFIN	TREASURER	1.0	Officer Director	$0	$0	$0
RBRUCE BRADLEY	CHAIR	1.0	Officer Director	$0	$0	$0
REED ATKINS	DIRECTOR	0.2	Director	$0	$0	$0
ROBIN COOKE	DIRECTOR	0.2	Director	$0	$0	$0
SHARON GOODWYN	DIRECTOR	0.2	Director	$0	$0	$0
STEPHANIE CALLIOTT	DIRECTOR	0.2	Director	$0	$0	$0
T RICHARD LITTON JR	VICE-CHAIR	1.0	Officer Director	$0	$0	$0
THOMAS G JOHNSON JR	DIRECTOR	0.2	Director	$0	$0	$0
TODD COPELAND	DIRECTOR	0.2	Director	$0	$0	$0
VICKI MCPHERSON	DIRECTOR	0.2	Director	$0	$0	$0
WENDI BUTLER	DIRECTOR	0.2	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	$10,828,802	$5,962,447	$78,695,584	$4,866,355
2023	$8,084,908	$5,129,033	$68,748,416	$2,955,875
2022	$4,039,611	$4,644,524	$62,526,055	$-604,913
2021	$5,626,162	$4,215,286	$68,645,105	$1,410,876
2020	$3,905,994	$4,500,265	$54,408,829	$-594,271
2019	$2,952,349	$4,394,560	$54,397,152	$-1,442,211

ACCESS COLLEGE FOUNDATION