LENOIR COMMUNITY COLLEGE FOUNDATION INC (EIN 561055936) - Form 990 Financial Analysis & Trantor Score

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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

1972

Legal Domicile

Principal Officer

JEANNE KENNEDY

Phone

2525276223

Tax Period

2024-07-01 to 2025-06-30

LENOIR COMMUNITY COLLEGE FOUNDATION INC, founded in 1972, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. The organization ran a surplus of $351K, a strong 25% operating margin.

Mission

SUPPORTS LENOIR COMMUNITY COLLEGE BY PROVIDING STUDENT SCHOLARSHIPS, STAFF DEVELOPMENT OPPORTUNITIES, AND OTHER STUDENT SUPPORT SERVICES.

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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 $681,993

Program Service Revenue $135,800

Investment Income $680,390

Other Revenue $-78,694

TOTAL REVENUE $1,419,489

Expense Breakdown

Grants Paid $749,973

Salaries & Benefits $0

Fundraising Expenses $48,333

Program Expenses $944,675

Other Expenses $315,931

TOTAL EXPENSES $1,068,316

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,419,489	$1,488,735	0.0%
Expenses	$1,068,316	$949,866	+0.1%
Net Income	$351,173	$538,869	-0.3%

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

175

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

$166,141

Total Directors

$166,141

Key Employees

$233,721

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MRS JEANNE KENNEDY	SECRETARY AND EXECUTIVE DIRECTOR	25.00	Officer Director	$0	$0	$0
MRS DEBORAH SUTTON	TREASURER	5.00	Officer Director	$0	$0	$166,141
MR CALE GRADY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MR COREY FADER	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MR JAY CHERRY	DIRECTOR	1.00	Director	$0	$0	$0
MR DEXTER FLOYD	DIRECTOR	1.00	Director	$0	$0	$0
MR SKIP GREENE	DIRECTOR	1.00	Director	$0	$0	$0
REP CHRIS HUMPHREY	DIRECTOR	1.00	Director	$0	$0	$0
MR JOHN MARSTON	DIRECTOR	1.00	Director	$0	$0	$0
MR ROD SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MR PAUL SUGG	DIRECTOR	1.00	Director	$0	$0	$0
MR CHARLES TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
DR LYNWOOD TURNER	DIRECTOR	1.00	Director	$0	$0	$0
MR JOHN MCPHAUL	DIRECTOR	1.00	Director	$0	$0	$0
DR SHIRLEY DOVE	DIRECTOR	1.00	Director	$0	$0	$0
MR KEN TETTERTON	DIRECTOR	1.00	Director	$0	$0	$0
DR ROBERT HOSEA	DIRECTOR	1.00	Director	$0	$0	$0
MR EDWARD CHISOLM	DIRECTOR	1.00	Director	$0	$0	$0
MR ERNIE EVERETT	DIRECTOR	1.00	Director	$0	$0	$0
DR CRYSTAL HAYDEN	DIRECTOR	1.00	Director	$0	$0	$0
DR PAT MACNEILL	DIRECTOR	1.00	Director	$0	$0	$0
MR KEITH KING	DIRECTOR	1.00	Director	$0	$0	$0
MR DAVID EDWARD	DIRECTOR	1.00	Director	$0	$0	$0
MR RANDY SMITH	DIRECTOR	1.00	Director	$0	$0	$0
DR RUSTY HUNT	LCC PRESIDENT	5.00	Key Emp	$0	$0	$233,721

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	$1,419,489	$1,068,316	$15,223,646	$351,173
2024	$1,488,735	$949,866	$13,951,695	$538,869
2023	$2,078,687	$2,036,489	$12,429,552	$42,198
2022	$1,221,463	$628,545	$11,632,135	$592,918
2021	$1,514,133	$671,256	$12,180,001	$842,877

LENOIR COMMUNITY COLLEGE FOUNDATION INC