TRI-COUNTY TECHNICAL COLLEGE FOUNDATION INC (EIN 570734955) - 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

1982

Legal Domicile

Principal Officer

COURTNEY WHITE

Phone

8646461500

Tax Period

2024-07-01 to 2025-06-30

TRI-COUNTY TECHNICAL COLLEGE FOUNDATION INC, founded in 1982, is a community nonprofit in the Education sector that reported $6.8M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.6M, a strong 53% operating margin.

Mission

THE FOUNDATION SUPPORTS THE ADVANCEMENT OF TRI-COUNTY TECHNICAL COLLEGE BY FUNDING STUDENT SCHOLARSHIPS, PROVIDING EDUCATIONAL SUPPORT TO THE COLLEGE, AND PROMOTING OTHER ACTIVITIES IN SUPPORT OF THE 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 $2,652,118

Program Service Revenue $2,490,378

Investment Income $1,659,604

Other Revenue $10,495

TOTAL REVENUE $6,812,595

Expense Breakdown

Grants Paid $749,899

Salaries & Benefits $146,327

Fundraising Expenses $8,719

Program Expenses $2,505,648

Other Expenses $2,299,026

TOTAL EXPENSES $3,195,252

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,812,595	$5,587,851	+0.2%
Expenses	$3,195,252	$3,099,291	+0.0%
Net Income	$3,617,343	$2,488,560	+0.5%

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
TRENT ACKER	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN BORCHERTS	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG CHAPPELEAR	DIRECTOR	1.00	Director	$0	$0	$0
KYM CLEVELAND	CHAIR	1.00	Director	$0	$0	$0
JOEL DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
GALEN DEHAY	EX-OFFICIO	1.00	Director	$0	$0	$0
DIAL DUBOSE	DIRECTOR	1.00	Director	$0	$0	$0
LUCAS DURHAM	DIRECTOR	1.00	Director	$0	$0	$0
DAVE ELDRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
CURTIS T EVATT	SECRETARY	1.00	Director	$0	$0	$0
JAMES GALYEAN	DIRECTOR	1.00	Director	$0	$0	$0
BEN HAGOOD	DIRECTOR	1.00	Director	$0	$0	$0
CARA HAMILTON	EX-OFFICIO	1.00	Director	$0	$0	$0
LORRAINE HARDING	DIRECTOR	1.00	Director	$0	$0	$0
BILL HARLEY	TREASURER	1.00	Director	$0	$0	$0
EMILY BALLENGER HOLLAND	VICE CHAIR	1.00	Director	$0	$0	$0
MARCIA T HYDRICK	DIRECTOR	1.00	Director	$0	$0	$0
GRAYSON KELLY	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM KENLEY	DIRECTOR	1.00	Director	$0	$0	$0
TEDDY MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE MCLANE	EX OFFICIO	1.00	Director	$0	$0	$0
HAMID MOHSSENI	EX OFFICIO	1.00	Director	$0	$0	$0
VETA NEW	DIRECTOR	1.00	Director	$0	$0	$0
TOM O'HANLAN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
TED SPITZ	DIRECTOR	1.00	Director	$0	$0	$0
ALISA SUDDETH	DIRECTOR	1.00	Director	$0	$0	$0
JIM WANNER	EX OFFICIO	1.00	Director	$0	$0	$0
MIKE WORLEY	DIRECTOR	1.00	Director	$0	$0	$0
DANNY YOUNGBLOOD	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY WHITE	EXECUTIVE DI	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	$6,812,595	$3,195,252	$74,950,203	$3,617,343
2024	$5,587,851	$3,099,291	$70,539,156	$2,488,560
2023	$5,405,996	$2,834,735	$67,631,181	$2,571,261
2022	$5,125,631	$2,689,197	$65,161,291	$2,436,434
2021	$12,246,442	$2,731,590	$70,893,978	$9,514,852
2020	$4,882,358	$3,049,012	$63,225,721	$1,833,346
2019	$6,614,757	$3,037,103	$64,700,352	$3,577,654

TRI-COUNTY TECHNICAL COLLEGE FOUNDATION INC