CENTRAL PIEDMONT COMMUNITY COLLEGE… - 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

2001

Legal Domicile

Principal Officer

RICK FOGARTY

Phone

7043306689

Tax Period

2024-07-01 to 2025-06-30

CENTRAL PIEDMONT COMMUNITY COLLEGE SERVICES CORPORATION INC, founded in 2001, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $2.7M left a modest 7% surplus.

Mission

TO SERVE EXCLUSIVELY AS A SUPPORTING ORGANIZATION FOR THE BENEFIT OF CENTRAL PIEDMONT COMMUNITY COLLEGE BY CARRYING OUT CHARITABLE AND EDUCATIONAL PURPOSES THAT ARE CONSISTENT WITH AND THAT SUPPORT THE PURPOSES OF CENTRAL PIEDMONT COMMUNITY COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $1,538,668 Revenue: $1,594,753

HARRIS CONFERENCE CENTER IS A STATE OF THE ART, PURPOSE BUILT EXECUTIVE CONFERENCE CENTER LOCATED AT CPCC'S HARRIS CAMPUS. WITH MORE THAN 13,000 SQUARE FEET OF FLEXIBLE MEETING SPACE, THIS CENTER...

HARRIS CONFERENCE CENTER IS A STATE OF THE ART, PURPOSE BUILT EXECUTIVE CONFERENCE CENTER LOCATED AT CPCC'S HARRIS CAMPUS. WITH MORE THAN 13,000 SQUARE FEET OF FLEXIBLE MEETING SPACE, THIS CENTER SERVES CHARLOTTE AREA CORPORATIONS, NON-PROFIT AND CIVIC ORGANIZATIONS, AND THE COLLEGE. DURING FISCAL YEAR 2025, THE CONFERENCE CENTER HOSTED 122 EVENTS (MANY MULTI-DAY) WITH 15,810 ATTENDEES.

Program 2

Expenses: $449,078 Revenue: $828,559

PERFORMING ARTS FACILITIES PROVIDES COLLEGE FACILITIES FOR RENTAL TO INTERNAL AND EXTERNAL PERFORMING ARTS GROUPS, CIVIC ORGANIZATIONS, AND CORPORATIONS. TICKETS ARE SOLD FOR SOME EVENTS, THOUGH NOT ALL. DURING FISCAL YEAR 2025, PERFORMING ARTS FACILITIES HOSTED 93 INTERNAL AND 182 EXTERNAL RENTAL EVENTS WITH A TOTAL OF 40,248 TICKETS SOLD. IN ADDITION, AN ESTIMATED 57,838 ATTENDEES, PARTICIPANTS, AND PERFORMERS TOOK PART IN INTERNAL AND EXTERNAL NON-TICKETED EVENTS DURING THE YEAR.

Program 3

Expenses: $79,390 Revenue: $168,860

COLLEGIATE TEST PREP OFFERS COURSES IN ACT, SAT, AND TEAS. THIS PROGRAM USES A COMPREHENSIVE APPROACH TO BOOST CONFIDENCE AND IMPROVES TEST-TAKING SKILLS. IN FISCAL YEAR 2025, THERE WERE A TOTAL OF 17 COURSES, SOME OF WHICH WERE CUSTOMIZED FOR PUBLIC OR PRIVATE INSTITUTIONS. YOUTH CENTRAL OFFERS A VARIETY OF SUMMER CAMP OPTIONS ON SEVERAL CAMPUSES ACROSS MECKLENBURG COUNTY, FOR STUDENTS AGES 9-18. YOUTH CENTRAL HELD 26 SUMMER CAMP SESSIONS WITH 337 CAMPERS. ADDITIONALLY, TEEN CENTRAL PROGRAMS CONTINUE PROGRAMMING THROUGHOUT THE YEAR.

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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 $0

Program Service Revenue $2,845,585

Investment Income $82,205

Other Revenue $0

TOTAL REVENUE $2,927,790

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,152,386

Other Expenses $2,716,444

TOTAL EXPENSES $2,716,444

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,927,790	$2,544,163	+0.2%
Expenses	$2,716,444	$2,258,371	+0.2%
Net Income	$211,346	$285,792	-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

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

$941,201

Total Directors

$1,048,460

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR KANDI DEITEMEYER	PRESIDENT	0.50	Officer Director	$0	$93,671	$549,380
MARK SHORT	CHIEF OF STAFF	0.50	Officer Director	$0	$57,370	$249,650
JESSICA BOYCE	DIRECTOR	0.50	Director	$0	$56,883	$249,430
JIM DUNN	BOARD OF TRUSTEES CHAIR	0.10	Officer Director	$0	$0	$0
LUCIA ZAPATA GRIFFITH	FINANCE COMMITTEE CHAIR	0.10	Director	$0	$0	$0
JAMIE PFEFFER	ASSOC VP, CONFERENCE & EVENT SVCS	40.00	Officer	$0	$35,193	$142,171

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	$2,927,790	$2,716,444	$4,885,551	$211,346
2024	No data	No data	No data	No data
2023	$1,916,614	$1,837,110	$4,282,438	$79,504
2022	$2,491,640	$2,692,572	$4,113,915	$-200,932
2021	$466,837	$677,400	$4,901,658	$-210,563
2020	$1,138,005	$2,104,005	$4,474,420	$-966,000
2019	$2,669,833	$2,779,156	$5,742,167	$-109,323
2018	$3,128,843	$2,670,027	$5,868,145	$458,816

CENTRAL PIEDMONT COMMUNITY COLLEGE SERVICES CORPORATION INC