THE COLLEGE OF THE ALBEMARLE FOUND… - 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

1980

Legal Domicile

Principal Officer

BRIAN WHITE

Phone

2523350821

Tax Period

2023-07-01 to 2024-06-30

THE COLLEGE OF THE ALBEMARLE FOUNDATION INC, founded in 1980, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023. Net assets of $11.4M represent 110 months of operating reserves.

Mission

SUPPORT PROGRAMS OF THE COLLEGE OF THE ALBEMARLE

Program Service Accomplishments

Program 1

Expenses: $596,192

FUNDS PROVIDED TO THE COLLEGE OF THE ALBEMARLE TO AWARD SCHOLARSHIPS TO STUDENTS

Program 2

Expenses: $221,287

FUNDS EXPENDED FOR OR GIVEN TO THE COLLEGE OF THE ALBEMARLE FOR PROGRAM SUPPORT, STAFF DEVELOPMENT, COLLEGE DEVELOPMENT, EQUIPMENT AND BOOKS.

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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 $772,127

Program Service Revenue $0

Investment Income $473,090

Other Revenue $0

TOTAL REVENUE $1,245,217

Expense Breakdown

Grants Paid $817,479

Salaries & Benefits $272,790

Fundraising Expenses $0

Program Expenses $817,479

Other Expenses $150,359

TOTAL EXPENSES $1,240,628

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,245,217	$1,286,912	0.0%
Expenses	$1,240,628	$1,140,706	+0.1%
Net Income	$4,589	$146,206	-1.0%

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
BRIAN WHITE	CHAIR	N/A	Officer Director	$0	$0	$0
JEFF DIXON	VICE CHAIR	N/A	Officer Director	$0	$0	$0
H TAYLOR SUGG	ASSISTANT SE	N/A	Officer Director	$0	$0	$0
JENNIFER PURCELL	TREASURER	N/A	Officer Director	$0	$0	$0
JEFFREY A ALDRIDGE	DIRECTOR	N/A	Director	$0	$0	$0
DR TRAVIS BURKE	DIRECTOR	N/A	Director	$0	$0	$0
DR VELMA BLACKMON	DIRECTOR	N/A	Director	$0	$0	$0
DOUGLAS S GARDNER	DIRECTOR	N/A	Director	$0	$0	$0
SELINA S JARVIS	DIRECTOR	N/A	Director	$0	$0	$0
JACK BAGWELL	DIRECTOR	N/A	Director	$0	$0	$0
CLARK TWIDDY	DIRECTOR	N/A	Director	$0	$0	$0
KATHY STALLINGS	DIRECTOR	N/A	Director	$0	$0	$0
MARCIA BRYANT	DIRECTOR	N/A	Director	$0	$0	$0
WILL NORRELL	DIRECTOR	N/A	Director	$0	$0	$0
DANIEL DONAHUE	DIRECTOR	N/A	Director	$0	$0	$0
PAUL O'NEAL	DIRECTOR	N/A	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	$1,245,217	$1,240,628	$11,689,192	$4,589
2023	$1,286,912	$1,140,706	$10,620,521	$146,206
2022	$1,429,001	$2,166,647	$9,837,868	$-737,646
2021	$2,862,161	$1,120,047	$11,995,324	$1,742,114

THE COLLEGE OF THE ALBEMARLE FOUNDATION INC