GREENVILLE TECH FOUNDATION INC

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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

ANN WRIGHT

Phone

8642508497

Tax Period

2024-01-01 to 2024-12-31

GREENVILLE TECH FOUNDATION INC, founded in 1973, is a community nonprofit in the Education sector that reported $5.1M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $5.0M left a modest 3% surplus.

Mission

PROVIDE FINANCIAL ASSISTANCE TO GREENVILLE TECHNICAL COLLEGE AND ITS STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $1,178,498 Revenue: $99,500

PURCHASED EQUIPMENT FOR VARIOUS COLLEGE PROGRAMS OFFERED AT GREENVILLE TECHNICAL COLLEGE.

Program 2

Expenses: $530,534 Revenue: $573,398

CONSTRUCTED CLASSROOM AND GYMNASIUM FOR THE BRASHIER CHARTER MIDDLE SCHOOL CAMPUS AT THE REQUEST OF GREENVILLE TECHNICAL COLLEGE. CONTINUING REVENUE AND EXPENSES ARE FOR OWNERSHIP OF BUILDING BY...

CONSTRUCTED CLASSROOM AND GYMNASIUM FOR THE BRASHIER CHARTER MIDDLE SCHOOL CAMPUS AT THE REQUEST OF GREENVILLE TECHNICAL COLLEGE. CONTINUING REVENUE AND EXPENSES ARE FOR OWNERSHIP OF BUILDING BY GREENVILLE TECH FOUNDATION.

Program 3

Expenses: $2,143,326 Revenue: $244,000

ALL OTHER PROGRAM SERVICE EXPENSES CONSIST OF MONIES SPENT FOR STUDENT PROGRAMS, SCHOLARSHIPS, COLLEGE FACULTY/STAFF DEVELOPMENT, COLLEGE DEPARTMENT SUPPLIES & ACTIVITIES, CONSULTING AND OTHER...

ALL OTHER PROGRAM SERVICE EXPENSES CONSIST OF MONIES SPENT FOR STUDENT PROGRAMS, SCHOLARSHIPS, COLLEGE FACULTY/STAFF DEVELOPMENT, COLLEGE DEPARTMENT SUPPLIES & ACTIVITIES, CONSULTING AND OTHER COLLEGE SUPPORT. OTHER PROGRAM SERVICE REVENUE CONSISTS OF A MANAGEMENT FEE COLLECTED FROM GREENVILLE TECHNICAL 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 $2,566,429

Program Service Revenue $916,898

Investment Income $1,197,623

Other Revenue $451,309

TOTAL REVENUE $5,132,259

Expense Breakdown

Grants Paid $1,042,337

Salaries & Benefits $432,928

Fundraising Expenses $35,294

Program Expenses $3,852,358

Other Expenses $3,499,259

TOTAL EXPENSES $4,974,524

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,132,259	$5,862,054	-0.1%
Expenses	$4,974,524	$4,076,639	+0.2%
Net Income	$157,735	$1,785,415	-0.9%

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

$370,286

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN WRIGHT	VP FOR ADVAN	50.00	Officer	$0	$64,450	$238,312
DR KEITH L MILLER	COLLEGE PRES	1.00	Officer	$131,974	$0	$131,974
KIMBERLY BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
DREW BOLAND	SECRETARY/TR	1.00	Director	$0	$0	$0
STACY BRANDON	IMMEDIATE PA	1.00	Director	$0	$0	$0
CHAD COUSINS	VICE CHAIR	1.00	Director	$0	$0	$0
LISA DAVIES	DIRECTOR	1.00	Director	$0	$0	$0
TAVIA CM GADDY	DIRECTOR	1.00	Director	$0	$0	$0
KATIE HOWELL	DIRECTOR	1.00	Director	$0	$0	$0
JON JOFFE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MCCORMICK	DIRECTOR	1.00	Director	$0	$0	$0
JENNA HENDRICKS MCLEOD	DIRECTOR	1.00	Director	$0	$0	$0
NEETU PATEL	DIRECTOR	1.00	Director	$0	$0	$0
KEITH POOLE	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY SANTAGATI	DIRECTOR	1.00	Director	$0	$0	$0
STEVE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MIKE SNIVELY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SUDDUTH	CHAIR	1.00	Director	$0	$0	$0

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
2024	$5,132,259	$4,974,524	$48,452,256	$157,735
2023	$5,862,054	$4,076,639	$46,883,503	$1,785,415
2022	$10,842,681	$6,933,314	$44,571,586	$3,909,367
2021	$8,773,055	$7,456,674	$48,319,535	$1,316,381
2020	$5,236,305	$6,033,204	$46,665,303	$-796,899
2019	$7,151,880	$6,145,608	$47,395,871	$1,006,272
2018	$8,538,184	$4,472,326	$44,248,361	$4,065,858