AIKEN TECHNICAL COLLEGE FOUNDATION (EIN 570804746) - 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

FOREST MAHAN

Phone

8035087413

Tax Period

2023-07-01 to 2024-06-30

AIKEN TECHNICAL COLLEGE FOUNDATION, founded in 1977, is a small nonprofit that reported $902K in total revenue in fiscal year 2023. Revenue surged 116% from the prior year, signaling strong growth momentum. The organization ran a surplus of $398K, a strong 44% operating margin.

Mission

THE FOUNDATION PROVIDES SUPPORT TO AIKEN TECHNICAL COLLEGE BY SUPPLYING PHYSICAL, FINANCIAL AND HUMAN RESOURCES FOR THE ENHANCEMENT OF THE COLLEGE AND BY SPONSORING EVENTS TO FOSTER PARTNERSHIPS WITH INDUSTRY, BUSINESS AND INDIVIDUALS IN THE CENTRAL SAVANNAH RIVER AREA.

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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 $598,889

Program Service Revenue $0

Investment Income $314,813

Other Revenue $-11,889

TOTAL REVENUE $901,813

Expense Breakdown

Grants Paid $175,513

Salaries & Benefits $136,151

Fundraising Expenses $15,036

Program Expenses $268,117

Other Expenses $192,104

TOTAL EXPENSES $503,768

Year-over-Year Comparison

	2023	2022	Change
Revenue	$901,813	$418,252	+1.2%
Expenses	$503,768	$445,203	+0.1%
Net Income	$398,045	$-26,951	-15.8%

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

N/A

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

$61,749

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARA GLASS	CHAIR	1.00	Officer Director	$0	$0	$0
CARL HENSON	VICE CHAIR/CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
BOB HOTTENSEN	TREASURER	1.00	Officer Director	$0	$0	$0
LEE BODIE	SECRETARY	1.00	Officer Director	$0	$0	$0
SEAN ALFORD	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER AUSTIN	TRUSTEE	1.00	Director	$0	$0	$0
TERRA CARROLL	TRUSTEE	1.00	Director	$0	$0	$0
MALLORY HOLLEY	TRUSTEE	1.00	Director	$0	$0	$0
PAUL NEWSOME	TRUSTEE	1.00	Director	$0	$0	$0
LIZ PONDER	TRUSTEE	1.00	Director	$0	$0	$0
JOSHUA RAINES	TRUSTEE	1.00	Director	$0	$0	$0
LINDSEY REEVES	TRUSTEE	1.00	Director	$0	$0	$0
BETH LACLAIR	DIRECTOR	37.50	Director	$61,749	$0	$61,749
KELLY LYNN	DIRECTOR	37.50	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	No data	No data	No data	No data
2024	$901,813	$503,768	$8,396,570	$398,045
2023	$418,252	$445,203	$7,409,283	$-26,951
2022	$1,065,233	$465,974	$6,942,365	$599,259
2021	$434,353	$406,537	$7,526,359	$27,816
2020	$536,462	$543,692	$6,182,904	$-7,230
2019	$394,773	$362,007	$5,911,286	$32,766

AIKEN TECHNICAL COLLEGE FOUNDATION