PIEDMONT TECHNICAL COLLEGE FOUNDA- TION INC (EIN 570622550) - 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

1975

Legal Domicile

Principal Officer

FRAN WILEY

Phone

8649418351

Tax Period

2023-07-01 to 2024-06-30

PIEDMONT TECHNICAL COLLEGE FOUNDA- TION INC, founded in 1975, is a small nonprofit in the Education sector that reported $902K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Net assets of $11.3M represent 151 months of operating reserves.

Mission

THE PIEDMONT TECHNICAL COLLEGE FOUNDATION IS A 501(C)(3) NON-PROFIT CORPORATION THAT PROVIDES FINANCIAL SUPPORT TO THE COLLEGE BEYOND THAT WHICH IS OBTAINED FROM TRADITIONAL FUNDING SOURCES. THE FOUNDATION ATTRACTS SUPPORT FROM ALUMNI AND FRIENDS, BUSINESS AND INDUSTRY, AND GRANT-MAKING ORGANIZATIONS. IT ALSO RAISES MONEY THROUGH ANNUAL GIVING PLANS, GIFT CAMPAIGNS, AND SPECIAL EVENTS. THE FOUNDATION ALSO FILLS AN ADVOCACY ROLE BY COMMUNICATING THE NEEDS OF THE COLLEGE AND ITS STUDENTS TO SUPPORTERS IN THE COMMUNITY AND TO PUBLIC OFFICIALS AT THE LOCAL, STATE, AND NATIONAL LEVELS.

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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 $415,304

Program Service Revenue $0

Investment Income $187,070

Other Revenue $299,784

TOTAL REVENUE $902,158

Expense Breakdown

Grants Paid $603,391

Salaries & Benefits $50,758

Fundraising Expenses $0

Program Expenses $690,319

Other Expenses $282,075

TOTAL EXPENSES $936,224

Year-over-Year Comparison

	2023	2022	Change
Revenue	$902,158	$667,282	+0.4%
Expenses	$936,224	$761,525	+0.2%
Net Income	$-34,066	$-94,243	-0.6%

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

$165,421

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIRIAM B ADAMS	BOARD MEMBER	0.11	Director	$0	$0	$0
DIANE ANDERSON	BOARD MEMBER	0.15	Director	$0	$0	$0
MAMIE BANKS	BOARD MEMBER	0.19	Director	$0	$0	$0
JUSTIN BENFIELD	BOARD MEMBER	0.25	Director	$0	$0	$0
CHRISTOPHER BROWN	BOARD MEMBER	0.07	Director	$0	$0	$0
ROCKY DUNKMAN	BOARD MEMBER	0.19	Director	$0	$0	$0
JEFF FIELD	BOARD MEMBER	0.11	Director	$0	$0	$0
EARL BRADFORD FORREST	BOARD MEMBER	0.32	Director	$0	$0	$0
TRAVIS GUNTER	BOARD MEMBER	0.15	Director	$0	$0	$0
THOMAS H HERLONG SR	BOARD TREASU	0.36	Officer Director	$0	$0	$0
DAN HOBBS	BOARD MEMBER	0.11	Director	$0	$0	$0
THEO L LANE	BOARD MEMBER	0.19	Director	$0	$0	$0
MATT LOGAN	BOARD MEMBER	0.07	Director	$0	$0	$0
KRISTINE MANSKE	BOARD MEMBER	0.15	Director	$0	$0	$0
CARLTON MATTHEWS	BOARD MEMBER	0.07	Director	$0	$0	$0
ANNA MARIE MCCARTY	BOARD MEMBER	0.19	Director	$0	$0	$0
JIM MEDFORD	BOARD CHAIR	0.36	Officer Director	$0	$0	$0
ALICIA PADGETT	BOARD MEMBER	0.00	Director	$0	$0	$0
H GEORGE PIERSOL II	BOARD MEMBER	0.28	Director	$0	$0	$0
JERRY STEVENS	BOARD MEMBER	0.11	Director	$0	$0	$0
DAVID TOMPKINS	BOARD MEMBER	0.23	Director	$0	$0	$0
MICHAEL WALTERS	BOARD MEMBER	0.03	Director	$0	$0	$0
JEFF T WILSON	BOARD VICE C	0.25	Officer Director	$0	$0	$0
PETER J MANNING	BD MEMBER EM	N/A	Director	$0	$0	$0
CHARLES R WILLIAMS	BD MEMBER EM	N/A	Director	$0	$0	$0
STEVE O WHITE	BD MEMBER EM	N/A	Director	$0	$0	$0
FRAN WILEY	EXEC DIR THR	40.00	Officer	$0	$40,192	$165,421
LAURA DUDLEY	INTERIM ED 7	40.00	Officer	$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
2025	No data	No data	No data	No data
2024	$902,158	$936,224	$11,354,109	$-34,066
2023	$667,282	$761,525	$10,752,994	$-94,243
2022	$1,367,115	$982,790	$10,236,347	$384,325
2021	$1,184,139	$602,172	$11,201,364	$581,967
2020	$1,183,416	$692,574	$9,477,208	$490,842
2019	$975,432	$764,958	$8,951,892	$210,474

PIEDMONT TECHNICAL COLLEGE FOUNDA- TION INC