RANDOLPH COMMUNITY COLLEGE FOUNDAT… - 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

1979

Legal Domicile

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 EXCELLENCE FOR RANDOLPH COMMUNITY COLLEGE BY BUILDING A STRONG RELATIONSHIP WITH THE LOCAL COMMUNITY, AQUIRING AND MANAGING CONTRIBUTIONS, AND FUNDING ACTIVITIES WHICH SUPPORT THE COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $618,803

GRANTS MADE DIRECTLY TO RCC FOR STUDENT SCHOLARSHIPS, PROGRAM SUPPORT, AND OTHER COLLEGE ACTIVITIES.

Program 2

Expenses: $13,869

GRANTS MADE TO VENDORS TO SUPPORT RCC(EMERGENCY GRANTS TO STUDENTS, STUDENT LEADERSHIP ACADEMY, EMPLOYEE APPRECIATION), PROGRAM SUPPORT AND OTHER COLLEGE ACTIVITIES.

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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 $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

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

Key Employees

Highest Compensated

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

RANDOLPH COMMUNITY COLLEGE FOUNDATION INC