CENTRAL CAROLINA TECHNICAL COLLEGE FOUNDATION INC (EIN 570686853) - 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

1977

Legal Domicile

Principal Officer

ROY M FAKOURY

Phone

8037786646

Tax Period

2024-07-01 to 2025-06-30

CENTRAL CAROLINA TECHNICAL COLLEGE FOUNDATION INC, founded in 1977, is a small nonprofit in the Education sector that reported $977K in total revenue in fiscal year 2024. Revenue surged 148% from the prior year, signaling strong growth momentum. The organization ran a surplus of $539K, a strong 55% operating margin.

Mission

TO PROVIDE EDUCATIONAL OPPORTUNITIES VIA SCHOLARSHIPS FOR STUDENTS ATTENDING CENTRAL CAROLINA TECHNICAL COLLEGE AND EDUCATIONAL RESOURCES TO THE COLLEGE AND FACULTY, AS WELL AS FUNDS FOR SPECIAL PROJECTS WHERE SPECIFIC NEEDS ARISE.

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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 $425,933

Program Service Revenue $0

Investment Income $522,538

Other Revenue $28,212

TOTAL REVENUE $976,683

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,606

Program Expenses $376,987

Other Expenses $437,185

TOTAL EXPENSES $437,185

Year-over-Year Comparison

	2024	2023	Change
Revenue	$976,683	$394,014	+1.5%
Expenses	$437,185	$268,446	+0.6%
Net Income	$539,498	$125,568	+3.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT EDWARDS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
REV GEORGE P WINDLEY JR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROY M FAKOURY	TREASURER	1.00	Officer Director	$0	$0	$0
BRUCE SNIPES	SECRETARY	1.00	Officer Director	$0	$0	$0
MEREE MCALISTER	BOARD MEMBER	1.00	Director	$0	$0	$0
PELZER WALTER BEASLEY III	BOARD MEMBER	1.00	Director	$0	$0	$0
QUINETTA BUTERBAUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
CARY COKER	BOARD MEMBER	1.00	Director	$0	$0	$0
LEFFORD FATE	BOARD MEMBER	1.00	Director	$0	$0	$0
HARVEY GALLOWAY	BOARD MEMBER	1.00	Director	$0	$0	$0
SIDNEY T ISLER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHNNY KORNEGAY III	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE SELF	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRY WELLE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH WILSON	BOARD MEMBER	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
2025	$976,683	$437,185	$2,878,059	$539,498
2024	$394,014	$268,446	$2,624,263	$125,568
2023	$352,729	$210,092	$2,296,352	$142,637
2022	$579,038	$254,066	$1,960,756	$324,972
2021	$266,555	$183,426	$2,056,390	$83,129
2020	$139,498	$236,267	$1,664,836	$-96,769
2019	$301,587	$242,350	$1,759,798	$59,237
2019	$301,587	$242,350	$1,759,798	$59,237

CENTRAL CAROLINA TECHNICAL COLLEGE FOUNDATION INC