FORSYTH TECHNICAL COMMUNITY COLLEGE FOUNDATION INC (EIN 561070364) - 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

1973

Legal Domicile

Principal Officer

KIZZY LEA

Phone

3367347540

Tax Period

2024-07-01 to 2025-06-30

FORSYTH TECHNICAL COMMUNITY COLLEGE FOUNDATION INC, founded in 1973, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $2.5M exceeded revenue, resulting in a 31% operating deficit.

Mission

THE PURPOSES OF THE FOUNDATION ARE TO FOSTER PUBLIC UNDERSTANDING OF, AND SUPPORT FOR, FORSYTH TECHNICAL COMMUNITY COLLEGE AND TO SOLICIT AND PROMOTE DONATIONS OF ANY KIND FOR THE EXCLUSIVE BENEFIT OF THE COLLEGE.

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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 $1,193,484

Program Service Revenue $0

Investment Income $754,714

Other Revenue $-7,666

TOTAL REVENUE $1,940,532

Expense Breakdown

Grants Paid $2,399,481

Salaries & Benefits $0

Fundraising Expenses $7,117

Program Expenses $2,414,646

Other Expenses $143,018

TOTAL EXPENSES $2,542,499

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,940,532	$1,728,323	+0.1%
Expenses	$2,542,499	$1,726,115	+0.5%
Net Income	$-601,967	$2,208	-273.6%

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

$851,678

Total Directors

$665,691

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JANET SPRIGGS	SECRETARY	1.00	Officer Director	$0	$106,124	$429,253
KIZZY LEA	TREASURER	1.00	Officer Director	$0	$56,626	$236,438
PRECIOUS QUIRE-MCCLOUD	CHAIR	1.00	Officer Director	$0	$0	$0
BRENT COLLINS	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
SHERRY CARPENTER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GREG BRAY	DIRECTOR	1.00	Director	$0	$0	$0
BEN CARSON	DIRECTOR	1.00	Director	$0	$0	$0
ANDY CLARKE	DIRECTOR	1.00	Director	$0	$0	$0
BRAJAN FUNES	DIRECTOR	1.00	Director	$0	$0	$0
EMILY HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT LEAK III	DIRECTOR	1.00	Director	$0	$0	$0
STEPHAN LILLIE	DIRECTOR	1.00	Director	$0	$0	$0
ERIC MAYBERRY	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA MCKINNEY	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS EVANS	OUTGOING EXECUTIVE DIRECTOR	32.00	Officer	$0	$45,340	$185,987

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	$1,940,532	$2,542,499	$15,922,426	$-601,967
2024	$1,728,323	$1,726,115	$15,627,083	$2,208
2023	$2,351,370	$2,561,054	$14,533,335	$-209,684
2022	$2,983,273	$1,821,020	$14,112,949	$1,162,253
2021	$1,610,001	$1,763,101	$15,510,671	$-153,100
2020	$1,430,152	$2,047,579	$13,696,055	$-617,427
2019	$4,007,071	$1,336,792	$14,557,833	$2,670,279
2018	$6,073,174	$2,302,312	$14,340,603	$3,770,862

FORSYTH TECHNICAL COMMUNITY COLLEGE FOUNDATION INC