Halifax Community College Foundation Inc (EIN 591608217) - 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

1976

Legal Domicile

Principal Officer

Jennifer W Jones

Phone

2525384304

Tax Period

2024-07-01 to 2025-06-30

Halifax Community College Foundation Inc, founded in 1976, is a small nonprofit that reported $389K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $222K, a strong 57% operating margin.

Mission

The Foundation was formed to provide scholarships to the students of Halifax 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 $130,098

Program Service Revenue $0

Investment Income $259,147

Other Revenue $0

TOTAL REVENUE $389,245

Expense Breakdown

Grants Paid $74,516

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $92,516

Other Expenses $92,516

TOTAL EXPENSES $167,032

Year-over-Year Comparison

	2024	2023	Change
Revenue	$389,245	$521,881	-0.3%
Expenses	$167,032	$127,711	+0.3%
Net Income	$222,213	$394,170	-0.4%

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	Role	Reportable Comp	Other Comp	Total
HOLLY WILSON	Chair	Director	$0	$0	$0
KENNY I DELOATCH	Board Member	Director	$0	$0	$0
CINDY WHITE	Board Member	Director	$0	$0	$0
KAREN CONNELL	Board Member	Director	$0	$0	$0
MOZINE LOWE	Board Member	Director	$0	$0	$0
SONDRA DICKENS	Board Member	Director	$0	$0	$0
STEVE MEDLIN	Board Member	Director	$0	$0	$0
CHRIS BROWN	Board Member	Director	$0	$0	$0
LARRY PERKINS	Board Member	Director	$0	$0	$0
KEVIN J WADE	Board Member	Director	$0	$0	$0
PATRENA B ELLIOTT	Treasurer		$0	$0	$0
JENNIFER W JONES	ExOfficio		$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	$389,245	$167,032	$2,817,927	$222,213
2024	No data	No data	No data	No data
2023	$400,015	$81,169	$2,201,815	$318,846
2022	$118,061	$400,797	$1,882,969	$-282,736
2021	$493,708	$217,107	$2,165,839	$276,601

Halifax Community College Foundation Inc