MOUNTAIN GATEWAY 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

1980

Legal Domicile

Principal Officer

AMY PHILLIPS

Phone

5408632837

Tax Period

2023-01-01 to 2023-12-31

MOUNTAIN GATEWAY COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC, founded in 1980, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $434K in total revenue in fiscal year 2023. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $664K exceeded revenue, resulting in a 53% operating deficit.

Mission

TO SUPPORT MOUNTAIN GATEWAY COMMUNITY COLLEGE BY HELPING TO PROVIDE AN ACCESSIBLE, QUALITY EDUCATION FOR STUDENTS IN THE SERVICE AREA OF THE COMMUNITY COLLEGE, WHILE ALSO PROVIDING FACULTY GRANTS AND PURCHASING NEW EQUIPMENT AND TECHNOLOGY FOR CLASSROOM USE.

Program Service Accomplishments

Program 1

Expenses: $509,548 Revenue: $2,514

PROVIDE SCHOLARSHIPS, GRANTS AND PROGRAM SUPPORT TO STUDENTS, FACULTY AND ACADEMIC DEPARTMENTS OF MOUNTAIN GATEWAY COMMUNITY COLLEGE. THE FOUNDATION ADMINISTERS APPROXIMATELY 85 ENDOWED AND...

PROVIDE SCHOLARSHIPS, GRANTS AND PROGRAM SUPPORT TO STUDENTS, FACULTY AND ACADEMIC DEPARTMENTS OF MOUNTAIN GATEWAY COMMUNITY COLLEGE. THE FOUNDATION ADMINISTERS APPROXIMATELY 85 ENDOWED AND NON-ENDOWED SCHOLARSHIP AND GRANT FUNDS. THE EXPENSE TOTALS DO NO INCLUDE THE VALUE OF DONATED FACILITIES (21,930).

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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 (2023)

Revenue Breakdown

Contributions & Grants $235,127

Program Service Revenue $0

Investment Income $200,658

Other Revenue $-2,174

TOTAL REVENUE $433,611

Expense Breakdown

Grants Paid $366,397

Salaries & Benefits $0

Fundraising Expenses $40,957

Program Expenses $509,548

Other Expenses $297,748

TOTAL EXPENSES $664,145

Year-over-Year Comparison

	2023	2022	Change
Revenue	$433,611	$1,206,418	-0.6%
Expenses	$664,145	$798,694	-0.2%
Net Income	$-230,534	$407,724	-1.6%

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

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

$307,075

Total Directors

$208,319

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JOHN RAINONE	BOARD SECRETARY/COLLEGE PRESIDENT	1.00	Officer Director	$0	$21,916	$208,319
JOHN STONE	PRESIDENT	2.00	Officer Director	$0	$0	$0
LOIS SWITZER	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DONNA BEIRNE	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KATHY BRYANT	TREASURER	1.00	Officer Director	$0	$0	$0
NICK MOGA	PAST PRESIDENT	1.00	Director	$0	$0	$0
MARGARET BURKS	BOARD MEMBER	1.00	Director	$0	$0	$0
TAMMY SCRUGGS DUNCAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN FRISKI	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE GOYETTE	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE GUMM-GROSECLOSE	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
HELEN E KOSTEL	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY LINGERFELT	BOARD MEMBER	1.00	Director	$0	$0	$0
RAY LIPES	BOARD MEMBER	1.00	Director	$0	$0	$0
PAMELA MADISON	BOARD MEMBER	1.00	Director	$0	$0	$0
ELAINE NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DONNA VAUGHN	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE VAUGHN	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBORAH WEDDLE	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM T WILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY PHILLIPS	EXECUTIVE DIRECTOR	26.00	Officer	$0	$28,212	$98,756

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	No data	No data	No data	No data
2023	$433,611	$664,145	$9,295,899	$-230,534
2022	$1,206,418	$798,694	$8,824,532	$407,724
2021	$862,172	$550,773	$9,103,811	$311,399
2020	$612,679	$447,979	$8,404,227	$164,700
2019	$1,061,385	$606,003	$8,344,648	$455,382
2018	$932,400	$623,299	$7,284,064	$309,101

MOUNTAIN GATEWAY COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC