ASHEVILLE-BUNCOMBE TECHNICAL COMMUNITY COLLEGE FOUNDATION (EIN 561993458) - 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

1996

Legal Domicile

Principal Officer

AMANDA EDWARDS

Phone

8283987176

Tax Period

2023-07-01 to 2024-06-30

ASHEVILLE-BUNCOMBE TECHNICAL COMMUNITY COLLEGE FOUNDATION, founded in 1996, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $2.4M left a modest 3% surplus.

Mission

TO SUPPORT ASHEVILLE-BUNCOMBE TECHNICAL COMMUNITY COLLEGE IN ALL OF ITS PROGRAMS AND ACTIVITIES, ENSURING THAT QUALITY EDUCATIONAL OPPORTUNITIES ARE AVAILABLE TO ITS STUDENTS, FACULTY, AND STAFF.

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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 $2,063,549

Program Service Revenue $0

Investment Income $330,414

Other Revenue $90,337

TOTAL REVENUE $2,484,300

Expense Breakdown

Grants Paid $725,782

Salaries & Benefits $0

Fundraising Expenses $37,621

Program Expenses $1,824,608

Other Expenses $1,680,504

TOTAL EXPENSES $2,406,286

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,484,300	$1,985,844	+0.3%
Expenses	$2,406,286	$1,758,870	+0.4%
Net Income	$78,014	$226,974	-0.7%

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

$501,749

Total Directors

$409,978

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN D ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
VICKI BANKS	DIRECTOR	1.00	Director	$0	$0	$0
YOLANDA BOPP	DIRECTOR	1.00	Director	$0	$0	$0
BRANDY BOWMAN	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL BRADSHAW	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY CERRATO	DIRECTOR	1.00	Director	$0	$0	$0
ANNETTE COLEMAN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
SHELIA ELINGBURG	DIRECTOR	1.00	Director	$0	$0	$0
KRISTY ELLIOTT	DIRECTOR	1.00	Director	$0	$0	$0
GARY FOSS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHARLES FREDERICK	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GOSSETT	SECRETARY	2.00	Officer Director	$0	$13,554	$272,451
RICHARD B HURLEY	DIRECTOR	1.00	Director	$0	$0	$0
VIC ISLEY	DIRECTOR	1.00	Director	$0	$0	$0
MATT KERN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KRYZANEK	DIRECTOR	1.00	Director	$0	$0	$0
JANE MANEY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MCCARTNEY	DIRECTOR	1.00	Director	$0	$0	$0
ANITA METCALF	DIRECTOR	1.00	Director	$0	$0	$0
TONY PALAZZO	DIRECTOR	1.00	Director	$0	$0	$0
MEG RAGLAND	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN RAMSEY	DIRECTOR	1.00	Director	$0	$0	$0
LARY SCHULHOF	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM SEDERBURG	TREASURER	1.00	Officer Director	$0	$0	$0
ONEAL SHELTON	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN W SIZEMORE	DIRECTOR	1.00	Director	$0	$0	$0
RON STORTO	DIRECTOR	1.00	Director	$0	$0	$0
WHITNEY WHITSON	DIRECTOR	1.00	Director	$0	$0	$0
DIRK WILMOTH	TREASURER	10.00	Officer Director	$0	$14,189	$137,527
AMANDA EDWARDS	EXECUTIVE DIRECTOR	40.00	Officer	$0	$234	$91,771

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	$2,484,300	$2,406,286	$16,173,132	$78,014
2023	$1,985,844	$1,758,870	$15,990,740	$226,974
2022	$1,977,639	$1,241,022	$15,076,753	$736,617
2021	$1,934,731	$1,252,239	$16,190,574	$682,492
2020	$1,120,459	$1,652,200	$13,869,810	$-531,741
2019	$1,297,775	$1,513,512	$14,259,913	$-215,737
2018	$1,267,366	$933,658	$14,494,878	$333,708

ASHEVILLE-BUNCOMBE TECHNICAL COMMUNITY COLLEGE FOUNDATION