RANDOLPH COMMUNITY COLLEGE FOUNDATION INC

EIN: 581384368 501(c)(3)

ASHEBORO, NC

Total Revenue
$1,706,371
Total Expenses
$891,615
Total Assets
$17,102,967
Net Assets
$17,102,967
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
NC
Principal Officer
RICHARD WELDON
Phone
3366330295
Tax Period
2024-07-01 to 2025-06-30

RANDOLPH COMMUNITY COLLEGE FOUNDATION INC, founded in 1979, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $815K, a strong 48% operating margin.

Mission

THE RANDOLPH COMMUNITY COLLEGE FOUNDATION IS A NON PROFIT ORGANIZATION THAT PROVIDES A MARGIN OF EXELLENCE FOR RANDOLPH COMMUNITY COLLEGE BY BUILDING A STRONG RELATIONSHIP WITH THE LOCAL COMMUNITY, AQUIRING AND MANAGING CONTRIBUTIONS, AND FUNDING ACTIVITIES WHICH SUPPORT 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $425,269
Program Service Revenue $0
Investment Income $1,281,102
Other Revenue $0
TOTAL REVENUE $1,706,371

Expense Breakdown

Grants Paid $632,672
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $632,672
Other Expenses $258,943
TOTAL EXPENSES $891,615

Year-over-Year Comparison

2024 2023 Change
Revenue $1,706,371 $1,434,104 +0.2%
Expenses $891,615 $655,040 +0.4%
Net Income $814,756 $779,064 +0.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
13
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
5
$0
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GAIL MCDOWELL BOARD MEMBER 1.00
Director
$0 $0 $0
VICKIE H GALLIMORE PRESIDENT 1.00
Officer Director
$0 $0 $0
RICHARD WELDON TREASURER 1.00
Officer Director
$0 $0 $0
SHAH ARDALAN EX OFFICIO BOARD MEMBER - NONVOTING 0.50
Director
$0 $0 $0
JAMES GOUTY BOARD MEMBER 0.50
Director
$0 $0 $0
ROBERT GRAVES VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
NEAL GRIFFIN III BOARD MEMBER 0.50
Director
$0 $0 $0
BAXTER HAMMER BOARD MEMBER 0.50
Director
$0 $0 $0
NICKI MCKENZIE HILL BOARD MEMBER 0.50
Director
$0 $0 $0
ANN HOOVER BOARD MEMBER 0.50
Director
$0 $0 $0
DEBI LAGUERUELA BOARD MEMBER 0.50
Director
$0 $0 $0
JUSTIN M LEE BOARD MEMBER 0.50
Director
$0 $0 $0
REYNOLDS LISK BOARD MEMBER 0.50
Director
$0 $0 $0
DR CYNTHIA G SCHRODER BOARD MEMBER 0.50
Director
$0 $0 $0
MINI SINGH BOARD MEMBER 0.50
Director
$0 $0 $0
DEAN SEXTON BOARD MEMBER 0.50
Director
$0 $0 $0
REBECCA MARSHALL SECRETARY - NONVOTING 0.00
Officer Director
$0 $0 $0
JONATHAN BRUBAKER BOARD MEMBER 0.50
Director
$0 $0 $0
LINDA BROWN EXECUTIVE DIRECTOR-NONVOTING 0.00
Officer Director
$0 $0 $0
DALE LAMBERT BOARD MEMBER 0.50
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 $1,706,371 $891,615 $17,102,967 $814,756
2024 $1,434,104 $655,040 $16,052,869 $779,064
2023 $1,349,084 $718,078 $14,368,073 $631,006
2023 $1,349,084 $718,078 $14,368,073 $631,006
2022 $1,920,462 $450,143 $13,558,157 $1,470,319
2021 $3,052,501 $544,629 $14,649,979 $2,507,872
2020 $475,501 $880,696 $12,142,159 $-405,195
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