Brunswick 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

1982

Legal Domicile

Principal Officer

TERESA NELSON

Phone

9107557473

Tax Period

2024-07-01 to 2025-06-30

Brunswick Community College Foundation Inc, founded in 1982, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $930K, a strong 43% operating margin.

Mission

THE FOUNDATION PROVIDES SCHOLARSHIPS FOR STUDENTS AND ALSO SUPPORTS VARIOUS PROGRAMS AT BRUNSWICK COMMUNITY COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $1,196,395 Revenue: $1,699,144

THE FOUNDATION AWARDED APPROX 966 SCHOLARSHIPS TO 586 STUDENTS DURING THE FISCAL YEAR.

Program 2

THE FOUNDATION PROVIDES SUPPORT FOR VARIOUS PROGRAMS AT BRUNSWICK COMMUNITY 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 (2024)

Revenue Breakdown

Contributions & Grants $1,760,381

Program Service Revenue $0

Investment Income $327,173

Other Revenue $67,611

TOTAL REVENUE $2,155,165

Expense Breakdown

Grants Paid $1,108,786

Salaries & Benefits $0

Fundraising Expenses $556

Program Expenses $1,196,395

Other Expenses $116,258

TOTAL EXPENSES $1,225,044

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,155,165	$1,859,351	+0.2%
Expenses	$1,225,044	$920,387	+0.3%
Net Income	$930,121	$938,964	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

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
GENE SMITH	COLLEGE PRESIDENT	1.00	Director	$0	$0	$0
MIKE FORTE	PRESIDENT	1.00	Officer Director	$0	$0	$0
BILL ALLEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KENT WOOD	FINANCE COMMITTEE CHAIR	1.00	Officer Director	$0	$0	$0
SUSAN CARROLL	LIASON	1.00	Director	$0	$0	$0
JAN ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
DL ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
LUCINDA ARNOLD	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW BROSCHE	DIRECTOR	1.00	Director	$0	$0	$0
TERESA CARROLL	DIRECTOR	1.00	Director	$0	$0	$0
JOE FIRETTI	DIRECTOR	1.00	Director	$0	$0	$0
LORELLE FEEZOR	DIRECTOR	1.00	Director	$0	$0	$0
JACK HAMILTON	DIRECTOR	1.00	Director	$0	$0	$0
LINDSEY JENKINS	DIRECTOR	1.00	Director	$0	$0	$0
MERRY MACBARB	DIRECTOR	1.00	Director	$0	$0	$0
TERESA MCLAMB	DIRECTOR	1.00	Director	$0	$0	$0
BROOKE RUDD-GAGLIE	DIRECTOR	1.00	Director	$0	$0	$0
RON SKUBIC	DIRECTOR	1.00	Director	$0	$0	$0
JILL WARD	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	$2,155,165	$1,225,044	$8,872,326	$930,121
2024	$1,859,351	$920,387	$8,145,668	$938,964
2023	$1,117,555	$868,928	$6,658,364	$248,627
2022	$949,080	$707,442	$6,253,443	$241,638
2021	$1,430,738	$903,393	$6,424,468	$527,345
2020	$1,161,865	$775,854	$5,452,995	$386,011
2019	$1,516,559	$621,319	$5,053,617	$895,240

Brunswick Community College Foundation Inc