TRIDENT TECHNICAL COLLEGE FOUNDATION INC

EIN: 570699317 501(c)(3) Education

CHARLESTON, SC

Total Revenue
$3,084,889
Total Expenses
$1,411,322
Total Assets
$21,498,638
Net Assets
$21,297,004
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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
SC
Principal Officer
LISA PICCOLO
Phone
8435746195
Tax Period
2023-07-01 to 2024-06-30

TRIDENT TECHNICAL COLLEGE FOUNDATION INC, founded in 1975, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.7M, a strong 54% operating margin.

Mission

THE TRIDENT TECHNICAL COLLEGE FOUNDATION RAISES FUNDS FOR THE COLLEGE TO SUPPORT THE REGION'S ECONOMY BY FOSTERING LOCAL BUSINESS RELATIONSHIPS AND CREATING AWARENESS OF TTC'S MISSION. ADDITIONALLY, THE FOUNDATION PROVIDES SCHOLARSHIPS TO STUDENTS, CLASSROOM EQUIPMENT AND MATERIALS TO FACULTY/STAFF AND ENCOURAGES AND PROMOTES PROFESSIONAL DEVELOPMENT TO FACULTY/STAFF THROUGH TUITION AND CREDIT COURSE ASSISTANCE. THE FOUNDATION OPERATES INDEPENDENTLY OF THE COLLEGE AS A 501 (C)(3) NON-PROFIT CORPORATION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,989,852
Program Service Revenue $0
Investment Income $192,169
Other Revenue $-97,132
TOTAL REVENUE $3,084,889

Expense Breakdown

Grants Paid $884,252
Salaries & Benefits $0
Fundraising Expenses $41,416
Program Expenses $1,027,884
Other Expenses $527,070
TOTAL EXPENSES $1,411,322

Year-over-Year Comparison

2023 2022 Change
Revenue $3,084,889 $2,697,473 +0.1%
Expenses $1,411,322 $1,257,511 +0.1%
Net Income $1,673,567 $1,439,962 +0.2%
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

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Governance

Voting Members
56
Independent Members
56
Employees
N/A
Volunteers
584

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
11
$11,495
Total Directors
56
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KARENA BELL FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
PAMELA J BROWNING FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
ROBERT O COLLINS FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
RUSSELL B CORBIN FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM E CRAVER III FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
DAVID M ECHOLS FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
SHELLY S EICHER FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM A FINN FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
KEVIN F FRANK FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
DAVID T GINN FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
DOROTHY G HARRISON FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
DOUGLAS C HORNBERGER FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM C HUDSON FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
LEONARD L HUTCHISON III FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
ANDREA LIMEHOUSE FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
HAROLD W JONES FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
B T KAYS FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
BRYAN D KIZER FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
MARK A LATTANZIO FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
PETER O LEHMAN FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
BARBARA R NWOKIKE FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
ANTHONY H POPE FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
JOHN C RAMA FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
JEREMY ROSS FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL C SCARAFILE FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
GINA T SHULER FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
HARRY L STALEY FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
ALLISON D STONEY FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
GEORGE L TUPPER JR FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
ALVIN WILLIAMS FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
JAMES GREEN FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
KEVIN ROURK FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
STEVE STRICKLAND FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
DANIEL ZARRILLO FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
ROBERT C SEIDLER FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
JEFF S SPICER FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
ANTHONY JACKSON FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
JESSE JONES FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
PAT FORSBERRY FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
SPENCER PRYOR FOUNDATION TRUSTEE 1.00
Director
$0 $0 $0
SAMUEL STEINBERG FOUNDATION TRUSTEE EMERITU 1.00
Director
$0 $0 $0
DAVID B YARBOROUGH FOUNDATION TRUSTEE EMERITU 1.00
Director
$0 $0 $0
AUGUST J BATLA FOUNDATION TRUSTEE EMERITU 1.00
Director
$0 $0 $0
RICHARD K GREGORY FOUNDATION TRUSTEE EMERITU 1.00
Director
$0 $0 $0
THOMAS A MAYBERRY FOUNDATION TRUSTEE EMERITU 1.00
Director
$0 $0 $0
JAMES C MURRAY FOUNDATION TRUSTEE EMERITU 1.00
Director
$0 $0 $0
TAMMY L COGHILL CHAIR 2.00
Officer Director
$0 $0 $0
GIAMPIERO DIMINICH VICE CHAIR AND GOVERNANCE 2.00
Officer Director
$0 $0 $0
CHRIS B FRASER IMM. PAST CHAIR AND NOMINATING 2.00
Officer Director
$0 $0 $0
MARY R GRAHAM ADVOCACY COMMITTEE CHAIR 2.00
Officer Director
$0 $0 $0
DEB CAMPEAU DEVELOPMENT/FRIENDRAISING 2.00
Officer Director
$0 $0 $0
DAWN H ROBINSON FINANCE/AUDIT COM. CHAIR 2.00
Officer Director
$0 $0 $0
ROBERT M BALDWIN TREASURER, INVEST. COM. CHAIR 2.00
Officer Director
$0 $0 $0
PATRICK BRYANT AT-LARGE 2.00
Officer Director
$0 $0 $0
STUART D WHITESIDE AT-LARGE 2.00
Officer Director
$0 $0 $0
MELVIN C WILLIAMS AT-LARGE 2.00
Officer Director
$0 $0 $0
LISA PICCOLO SECRETARY 40.00
Officer
$11,495 $0 $11,495
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 $3,084,889 $1,411,322 $21,498,638 $1,673,567
2023 $2,697,473 $1,257,511 $17,963,466 $1,439,962
2022 $2,012,247 $1,948,893 $16,450,007 $63,354
2021 $3,278,987 $1,643,950 $18,273,766 $1,635,037
2020 $1,537,311 $1,415,570 $14,487,511 $121,741
2019 $2,445,769 $2,611,682 $14,283,303 $-165,913
2018 $2,049,402 $1,224,899 $14,501,432 $824,503
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