SANDHILLS COMMUNITY COLLEGE FOUNDA… - 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

1969

Legal Domicile

Principal Officer

DR ALEXANDER M STEWART

Phone

9106953706

Tax Period

2022-07-01 to 2023-06-30

SANDHILLS COMMUNITY COLLEGE FOUNDATION INC, founded in 1969, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2022. Revenue fell 32% from the prior year — a significant decline worth monitoring. Net assets of $45.5M represent 145 months of operating reserves.

Mission

TO PROMOTE THE MISSION OF SANDHILLS COMMUNITY COLLEGE IN THE COMMUNITY AND SEEK FINANCIAL SUPPORT FROM THE COMMUNITY. THE FOUNDATION ENSURES THAT DONATED FUNDS ARE INVESTED WISELY AND DISBURSED IN WAYS THAT CONTRIBUTE TO THE ONGOING EXCELLENCE OF SANDHILLS COMMUNITY COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $3,592,295 Revenue: $84,365

TO PROMOTE THE MISSION OF SANDHILLS COMMUNITY COLLEGE IN THE COMMUNITY AND SEEK FINANCIAL SUPPORT FROM THE COMMUNITY.

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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 $2,547,230

Program Service Revenue $0

Investment Income $1,092,366

Other Revenue $131,789

TOTAL REVENUE $3,771,385

Expense Breakdown

Grants Paid $1,892,887

Salaries & Benefits $537,801

Fundraising Expenses $0

Program Expenses $3,592,295

Other Expenses $1,341,775

TOTAL EXPENSES $3,772,463

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,771,385	$5,563,864	-0.3%
Expenses	$3,772,463	$3,576,321	+0.1%
Net Income	$-1,078	$1,987,543	-1.0%

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

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

$417,658

Total Directors

$37

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM BEDDOW	DIRECTOR	1.00	Director	$1	$0	$1
SUSAN FLETCHER	DIRECTOR	1.00	Director	$1	$0	$1
STAN BRADSHAW	FINANCE COMMITTEE CHAIR	1.00	Officer Director	$1	$0	$1
SHERRY KNAPPENBERGER	DIRECTOR	1.00	Director	$1	$0	$1
SALLY BOLD FRICK	DIRECTOR	1.00	Director	$1	$0	$1
ROSA G RONALTER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MCCANN	DIRECTOR	1.00	Director	$1	$0	$1
RITA DINAPOLI	DIRECTOR	1.00	Director	$1	$0	$1
RICHARD J PHELPS	DIRECTOR	1.00	Director	$1	$0	$1
REV DR PAUL MURPHY	DIRECTOR	1.00	Director	$1	$0	$1
R EMMET LOGAN	DIRECTOR	1.00	Director	$1	$0	$1
PATRICK MOLAMPHY	DIRECTOR	1.00	Director	$1	$0	$1
MEREDITH CLIFTON	DIRECTOR	1.00	Director	$1	$0	$1
MARY MARGARET MCNEILL	DIRECTOR	1.00	Director	$1	$0	$1
MARY ENROTH	DIRECTOR	1.00	Director	$1	$0	$1
MARY CLOONAN	DIRECTOR	1.00	Director	$1	$0	$1
LINDA BRANCH	DONOR RELATIONS COMMITTEE	1.00	Officer Director	$1	$0	$1
KONNI MCMURRAY	DIRECTOR	1.00	Director	$1	$0	$1
KATHY MCPHERSON	DIRECTOR	1.00	Director	$1	$0	$1
KATHY JOHNSON	DIRECTOR	1.00	Director	$1	$0	$1
JON GILES	BOARD VICE CHAIR	1.00	Officer Director	$1	$0	$1
JOHN WILLIAMS	DEVELOPMENT COMMITTEE CHAI	1.00	Officer Director	$1	$0	$1
JEFF YOW	DIRECTOR	1.00	Director	$1	$0	$1
IRISH PICKETT	DIRECTOR	1.00	Director	$1	$0	$1
HELEN PROBST MILLS	DIRECTOR	1.00	Director	$1	$0	$1
GEORGE LITTLE	TRUSTEE CHAIR	1.00	Officer Director	$1	$0	$1
ELIZABETH SKVARLA	DIRECTOR	1.00	Director	$1	$0	$1
DR PAMELA GUEST	DIRECTOR	1.00	Director	$1	$0	$1
DR NANCY ELLIS	DIRECTOR	1.00	Director	$1	$0	$1
DAVID WORONOFF	DIRECTOR	1.00	Director	$1	$0	$1
DAVID WEISS	DIRECTOR	1.00	Director	$1	$0	$1
CHARLES G MEYER	DIRECTOR	1.00	Director	$1	$0	$1
CATHERINE MILLIGAN	DIRECTOR	1.00	Director	$1	$0	$1
C FOSTER BROWN	DIRECTOR	1.00	Director	$1	$0	$1
BRENDA JACKSON	SECRETARY/TREASURER	1.00	Officer Director	$1	$0	$1
BOBBY ALLEN	DIRECTOR	1.00	Director	$1	$0	$1
BOB LOVELL	DIRECTOR	1.00	Director	$1	$0	$1
ARLENE DIOSEGY	DIRECTOR	1.00	Director	$1	$0	$1
JENNIFER DAIL	DIRECTOR OF DONOR RELATIONS	1.00	Officer	$0	$25,777	$111,316
J J JACKSON	BOARD CHAIR	1.00	Officer	$1	$0	$1
GERMAINE ELKINS	DIRECTOR OF FOUNDATION	1.00	Officer	$0	$33,743	$154,278
ELIZABETH THOMAS	DIRECTOR OF FINANCE	1.00	Officer	$0	$36,323	$152,057

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	$3,771,385	$3,772,463	$46,514,169	$-1,078
2022	$5,563,864	$3,576,321	$43,423,719	$1,987,543
2021	$6,679,638	$3,458,547	$46,350,941	$3,221,091
2020	$5,614,104	$3,566,852	$36,171,060	$2,047,252
2019	$8,642,155	$3,397,017	$33,611,689	$5,245,138

SANDHILLS COMMUNITY COLLEGE FOUNDATION INC