CAPE FEAR COMMUNITY COLLEGE FOUNDA… - Form 990 Financial Data

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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

1969

Legal Domicile

Principal Officer

DR JANIE CANTY-MITCHELL

Phone

9103627101

Tax Period

2023-07-01 to 2024-06-30

CAPE FEAR COMMUNITY COLLEGE FOUNDATION INC, founded in 1969, is a mid-sized nonprofit in the Education sector that reported $15.1M in total revenue in fiscal year 2023. Revenue surged 300% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.7M, a strong 77% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS FOR COLLEGE STUDENTS AND TO SUPPORT THE PROGRAMS OF CAPE FEAR COMMUNITY COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $957,243

SCHOLARSHIPS TO STUDENTS AT CAPE FEAR COMMUNITY COLLEGE AND MINI-GRANTS TO INSTRUCTORS, BASED ON DOCUMENTED CRITERIA.

Program 2

Expenses: $1,822,234

DONATIONS OF CASH TO CAPE FEAR COMMUNITY COLLEGE FOR EDUCATIONAL SUPPORT AND FOR VARIOUS SERVICES AND IMPROVEMENTS AND TO ASSIST IN GENERATING CASH AND NON-CASH SUPPORT FROM BUSINESSES AND...

DONATIONS OF CASH TO CAPE FEAR COMMUNITY COLLEGE FOR EDUCATIONAL SUPPORT AND FOR VARIOUS SERVICES AND IMPROVEMENTS AND TO ASSIST IN GENERATING CASH AND NON-CASH SUPPORT FROM BUSINESSES AND INDIVIDUALS TO HELP FURTHER THE PROGRAMS OF THE COLLEGE.

Program 3

DONATIONS OF NON-CASH ITEMS TO CAPE FEAR COMMUNITY COLLEGE TO HELP FURTHER THE PROGRAMS 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 (2023)

Revenue Breakdown

Contributions & Grants $11,235,353

Program Service Revenue $0

Investment Income $3,897,577

Other Revenue $0

TOTAL REVENUE $15,132,930

Expense Breakdown

Grants Paid $957,243

Salaries & Benefits $0

Fundraising Expenses $54,712

Program Expenses $2,779,477

Other Expenses $2,497,120

TOTAL EXPENSES $3,454,363

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,132,930	$3,780,621	+3.0%
Expenses	$3,454,363	$1,605,389	+1.2%
Net Income	$11,678,567	$2,175,232	+4.4%

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
DR JANIE CANTY-MITCHELL	CHAIR	1.00	Officer Director	$0	$0	$0
JENNIFER CRANFORD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TERESA HUFFMON	FINANCE CHAIR	1.00	Officer Director	$0	$0	$0
BILL BAGGETT	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY BARLOW	DIRECTOR	1.00	Director	$0	$0	$0
HANNAH HOLT	DIRECTOR	1.00	Director	$0	$0	$0
MARY ELLEN BONCZEK	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DR MICHAEL PENLAND	DIRECTOR	1.00	Director	$0	$0	$0
DR EDWARD RICCIARDELLI	DIRECTOR	1.00	Director	$0	$0	$0
DR RUDI RICHMAND	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD STEIN	DIRECTOR	1.00	Director	$0	$0	$0
INZA WALSTON	DIRECTOR	1.00	Director	$0	$0	$0
JACK FULLER	DIRECTOR	1.00	Director	$0	$0	$0
MAGGIE STARGELL	DIRECTOR	1.00	Director	$0	$0	$0
MATT WHITE	DIRECTOR	1.00	Director	$0	$0	$0
LANDON ZIMMER	DIRECTOR	1.00	Director	$0	$0	$0
LOUISE MCCOLL	DIRECTOR	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	No data	No data	No data	No data
2024	$15,132,930	$3,454,363	$29,644,658	$11,678,567
2023	$3,780,621	$1,605,389	$19,282,538	$2,175,232
2022	$3,234,355	$1,068,775	$16,732,720	$2,165,580
2021	$3,450,726	$1,668,626	$17,811,877	$1,782,100
2020	$1,455,192	$1,133,302	$13,360,529	$321,890
2019	$1,627,891	$1,609,366	$13,123,673	$18,525

CAPE FEAR COMMUNITY COLLEGE FOUNDATION INC