Alamance Community College Foundation (EIN 581511004) - Form 990 Financial Analysis & Trantor Score

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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

Charles R Harris

Phone

3365064416

Tax Period

2024-07-01 to 2025-06-30

Alamance Community College Foundation, founded in 1982, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $470K, a strong 22% operating margin.

Mission

Exists to aid students with a demonstrated financial need in reaching their educational goals and to support the ACC mission

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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 $1,406,107

Program Service Revenue $0

Investment Income $676,641

Other Revenue $15,243

TOTAL REVENUE $2,097,991

Expense Breakdown

Grants Paid $1,560,828

Salaries & Benefits $0

Fundraising Expenses $25,752

Program Expenses $1,560,828

Other Expenses $67,267

TOTAL EXPENSES $1,628,095

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,097,991	$3,341,586	-0.4%
Expenses	$1,628,095	$2,047,611	-0.2%
Net Income	$469,896	$1,293,975	-0.6%

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

$430,992

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH INGLE	President of ACC	0.00	Key Emp	$0	$55,705	$287,424
MARY C RHODE	Executive Director	40.00	Key Emp	$0	$27,825	$143,568
LISA THALLER	Board Member	1.00	Director	$0	$0	$0
JERRY A BAILEY	Committee Chair	2.00	Director	$0	$0	$0
CHARLENE BARRETT	Secretary	2.00	Officer Director	$0	$0	$0
JOHN BELLINGHAM	Board Member	1.00	Director	$0	$0	$0
CHARLES T CANADAY	Board Member	1.00	Director	$0	$0	$0
TED CHANDLER	Board Member	1.00	Director	$0	$0	$0
JACKIE S COLE	President	3.00	Officer Director	$0	$0	$0
ROSLYN M CRISP	Trustee Liaison	1.00	Director	$0	$0	$0
SUSAN EZEKIEL	Board Member	1.00	Director	$0	$0	$0
WILLIAM P GOMORY	Trustee Liaison	1.00	Director	$0	$0	$0
MARION D HARGROVE	Board Member	1.00	Director	$0	$0	$0
BRAD HARMON	Board Member	1.00	Director	$0	$0	$0
CHARLES R HARRIS	Treasurer	3.00	Officer Director	$0	$0	$0
AMI HILL	Past President	2.00	Officer Director	$0	$0	$0
JAMES W KIRKPATRICK	Board Member	1.00	Director	$0	$0	$0
ASHLEY S LANE	Board Member	1.00	Director	$0	$0	$0
BRENDLE LEGGETT	Committee Chair	2.00	Director	$0	$0	$0
DAVID R MOORE	Planned Giving Chair	2.00	Director	$0	$0	$0
GROVER W MOORE	Board Member	1.00	Director	$0	$0	$0
JACK R OVERACRE	Vice President	2.00	Officer Director	$0	$0	$0
DONALD R VON HAGEN	Grants Committee Chair	2.00	Director	$0	$0	$0
YAZMIN GARCIA RICO	Board Member	1.00	Director	$0	$0	$0
KELLI S SHOFFNER	Board Member	1.00	Director	$0	$0	$0
THOMAS W HUMPHREY	Board Member	1.00	Director	$0	$0	$0
ELIZABETH KIRKPATRICK	Board Member	1.00	Director	$0	$0	$0
CHRISTINE MATHEWS	Board Member	1.00	Director	$0	$0	$0
TROY W WOODARD JR	Board Member	1.00	Director	$0	$0	$0
TRACEY W ALSTON	Board Member	1.00	Director	$0	$0	$0
SARA E CLOUD	Board Member	1.00	Director	$0	$0	$0
JAMES R DEAL	Board Member	1.00	Director	$0	$0	$0
BRENT P HAMPTON	Board Member	1.00	Director	$0	$0	$0
GEORGE W KERNODLE	Board Member	1.00	Director	$0	$0	$0
WILLIAM T MCNEILL	Board Member	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	$2,097,991	$1,628,095	$21,694,039	$469,896
2024	$3,341,586	$2,047,611	$19,949,606	$1,293,975
2023	$2,260,784	$3,522,327	$17,681,522	$-1,261,543
2022	$2,074,431	$1,213,659	$17,921,377	$860,772
2021	$2,036,484	$1,428,470	$19,821,329	$608,014

Alamance Community College Foundation