ROANOKE HIGHER EDUCATION CENTER FO… - 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

1999

Legal Domicile

Principal Officer

DR KAY DUNKLEY

Phone

5407676008

Tax Period

2024-07-01 to 2025-06-30

ROANOKE HIGHER EDUCATION CENTER FOUNDATION, founded in 1999, is a small nonprofit in the Education sector that reported $217K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $197K left a modest 9% surplus.

Mission

THE FOUNDATION SUPPORTS THE ROANOKE HIGHER EDUCATION CENTER AND ITS PARTNER INSTITUTIONS THROUGH FUNDRAISING AND RESOURCE DEVELOPMENT TO MEET THE EVOLVING DEMANDS OF OUR REGION'S DIVERSE WORKFORCE THROUGH EDUCATION, TRAINING, STUDENT SERVICES AND LIFELONG LEARNING PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $34,910

SCHOLARSHIPS-THE FOUNDATION SUPPORTS THE ROANOKE HIGHER EDUCATION CENTER AND ITS PARTNER INSTITUTIONS THROUGH FUNDRAISING AND RESOURCE DEVELOPMENT TO MEET THE EVOLVING DEMANDS OF OUR REGION'S DIVERSE...

Program 2

Expenses: $33,350

CAREER CENTER-THE FOUNDATION SUPPORTS THE ROANOKE HIGHER EDUCATION CENTER AND ITS PARTNER INSTITUTIONS THROUGH FUNDRAISING AND RESOURCE DEVELOPMENT TO MEET THE EVOLVING DEMANDS OF OUR REGION'S...

CAREER CENTER-THE FOUNDATION SUPPORTS THE ROANOKE HIGHER EDUCATION CENTER AND ITS PARTNER INSTITUTIONS THROUGH FUNDRAISING AND RESOURCE DEVELOPMENT TO MEET THE EVOLVING DEMANDS OF OUR REGION'S DIVERSE WORKFORCE THROUGH EDUCATION, TRAINING, STUDENT SERVICES AND LIFELONG LEARNING PROGRAMS.

Program 3

Expenses: $15,860

INNOVATION FUND-THE FOUNDATION SUPPORTS THE ROANOKE HIGHER EDUCATION CENTER AND ITS PARTNER INSTITUTIONS THROUGH FUNDRAISING AND RESOURCE DEVELOPMENT TO MEET THE EVOLVING DEMANDS OF OUR REGION'S...

INNOVATION FUND-THE FOUNDATION SUPPORTS THE ROANOKE HIGHER EDUCATION CENTER AND ITS PARTNER INSTITUTIONS THROUGH FUNDRAISING AND RESOURCE DEVELOPMENT TO MEET THE EVOLVING DEMANDS OF OUR REGION'S DIVERSE WORKFORCE THROUGH EDUCATION, TRAINING, STUDENT SERVICES AND LIFELONG LEARNING PROGRAMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $203,921

Program Service Revenue $0

Investment Income $12,516

Other Revenue $196

TOTAL REVENUE $216,633

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $397

Program Expenses $161,187

Other Expenses $196,765

TOTAL EXPENSES $196,765

Year-over-Year Comparison

	2024	2023	Change
Revenue	$216,633	$167,439	+0.3%
Expenses	$196,765	$167,832	+0.2%
Net Income	$19,868	$-393	-51.6%

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

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
ROBERT ARCHER	CHAIRMAN	N/A	Officer Director	$0	$0	$0
JOHN T AVIS	DIRECTOR	N/A	Director	$0	$0	$0
GRETCHEN W BEEDLE	DIRECTOR	N/A	Director	$0	$0	$0
ESTEBAN DURAN-BALLEN	DIRECTOR	N/A	Director	$0	$0	$0
SENATOR JOHN EDWARDS	DIRECTOR	N/A	Director	$0	$0	$0
CATHERINE GREENBERG	DIRECTOR	N/A	Director	$0	$0	$0
DANIEL P HARRINGTON	DIRECTOR	N/A	Director	$0	$0	$0
SAMUEL OAKEY IV	DIRECTOR	N/A	Director	$0	$0	$0
JOHN FISHWICK JR	DIRECTOR	N/A	Director	$0	$0	$0
SARAH K MACDONALD	DIRECTOR	N/A	Director	$0	$0	$0
JIM MCADEN	DIRECTOR	N/A	Director	$0	$0	$0
DR THOMAS MCKEON	DIRECTOR	N/A	Director	$0	$0	$0
TYLER NGUYEN	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN G POWELL	DIRECTOR	N/A	Director	$0	$0	$0
CHARLES PRICE	DIRECTOR	N/A	Director	$0	$0	$0
TARA WIEDEMAN	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL WRAY	DIRECTOR	N/A	Director	$0	$0	$0
LORI VAN CUREN	TREASURER	N/A	Officer	$0	$0	$0
DR KAY DUNKLEY	PRESIDENT	N/A	Officer	$0	$0	$0
ALEXANDRA THACKER	SECRETARY	N/A	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	$216,633	$196,765	$449,942	$19,868
2024	$167,439	$167,832	$307,702	$-393
2023	$132,072	$80,752	$339,667	$51,320
2022	$166,049	$29,965	$251,914	$136,084
2021	$26,735	$29,561	$115,830	$-2,826
2020	$27,696	$23,864	$118,656	$3,832
2019	$2,142	$40,292	$114,824	$-38,150

ROANOKE HIGHER EDUCATION CENTER FOUNDATION