CRAVEN COMMUNITY COLLEGE FOUNDATION (EIN 591718436) - 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

1977

Legal Domicile

Principal Officer

CHARLES WETHINGTON

Phone

2526387350

Tax Period

2024-07-01 to 2025-06-30

CRAVEN COMMUNITY COLLEGE FOUNDATION, founded in 1977, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $416K, a strong 38% operating margin.

Mission

TO PROMOTE & SUPPORT CRAVEN COMMUNITY COLLEGE CARRYING OUT ITS CHARITABLE & EDUCATIONAL PURPOSES.

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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 $685,362

Program Service Revenue $153,428

Investment Income $198,402

Other Revenue $49,611

TOTAL REVENUE $1,086,803

Expense Breakdown

Grants Paid $475,960

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $604,815

Other Expenses $194,685

TOTAL EXPENSES $670,645

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,086,803	$726,501	+0.5%
Expenses	$670,645	$601,490	+0.1%
Net Income	$416,158	$125,011	+2.3%

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

$673,547

Total Directors

$673,547

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR RAYMOND STAATS	CCC PRESIDEN	1.00	Officer Director	$0	$78,090	$341,514
JIM MILLARD	TREASURER	1.00	Officer Director	$0	$50,824	$186,533
CHARLES WETHINGTON	SECRETARY	1.00	Officer Director	$0	$40,396	$145,500
TYLER B HARRIS	PRESIDENT	0.50	Director	$0	$0	$0
TAMMY SHERRON	VICE PRESIDE	0.50	Director	$0	$0	$0
CAROL BECTON	BOARD MEMBER	0.50	Director	$0	$0	$0
MARK BEST	BOARD MEMBER	0.50	Director	$0	$0	$0
DR JAMES B CONGLETON III	BOARD MEMBER	0.50	Director	$0	$0	$0
CHARLES CUSHMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
JIM DAVIS	BOARD MEMBER	0.50	Director	$0	$0	$0
BISHOP CHARLES T DUDLEY	BOARD MEMBER	0.50	Director	$0	$0	$0
WENDY FISHER	BOARD MEMBER	0.50	Director	$0	$0	$0
DR DWIGHT GRADY	BOARD MEMBER	0.50	Director	$0	$0	$0
ASHLEY IRIZARRY	BOARD MEMBER	0.50	Director	$0	$0	$0
DR VIRGINA JOHNSON	BOARD MEMBER	0.50	Director	$0	$0	$0
ROBERT JOHNSON	BOARD MEMBER	0.50	Director	$0	$0	$0
CAROLE KEMP	BOARD MEMBER	0.50	Director	$0	$0	$0
LEE E KNOTT	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN ROBERT MATTOCKS	BOARD MEMBER	0.50	Director	$0	$0	$0
DR BETTINA MEEKINS	BOARD MEMBER	0.50	Director	$0	$0	$0
HANNAH MITCHELL	BOARD MEMBER	0.50	Director	$0	$0	$0
DR BEVERLY PERDUE	BOARD MEMBER	0.50	Director	$0	$0	$0
ANNE C SCHOUT	BOARD MEMBER	0.50	Director	$0	$0	$0
KAREN SEGAL	BOARD MEMBER	0.50	Director	$0	$0	$0
TERRI SHARP	BOARD MEMBER	0.50	Director	$0	$0	$0
JENNIFER STALLINGS	BOARD MEMBER	0.50	Director	$0	$0	$0
JEANNIE TYSON	BOARD MEMBER	0.50	Director	$0	$0	$0
CRAIG WARREN	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	$1,086,803	$670,645	$5,071,083	$416,158
2024	$726,501	$601,490	$4,499,255	$125,011
2023	$731,983	$667,396	$3,883,842	$64,587
2022	$818,835	$446,844	$3,648,887	$371,991
2021	$897,814	$552,235	$3,986,433	$345,579
2020	$615,322	$541,117	$3,361,489	$74,205
2019	$647,047	$465,710	$3,217,675	$181,337
2018	$705,266	$473,678	$2,965,542	$231,588

CRAVEN COMMUNITY COLLEGE FOUNDATION