THE HILLSBOROUGH COMMUNITY COLLEGE FOUNDATION INC (EIN 591810717) - 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

1974

Legal Domicile

Principal Officer

L GARRETT WEDDLE

Phone

8132537191

Tax Period

2023-07-01 to 2024-06-30

THE HILLSBOROUGH COMMUNITY COLLEGE FOUNDATION INC, founded in 1974, is a mid-sized nonprofit that reported $11.5M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.8M, a strong 25% operating margin.

Mission

OUR MISSION IS TO SECURE AND STEWARD PHILANTHROPIC SUPPORT TO ENHANCE HILLSBOROUGH COMMUNITY COLLEGE AND THE SUCCESS OF ITS STUDENTS. AT THE HCC FOUNDATION, WE SUPPORT HCC IN ITS MISSION TO DELIVER AFFORDABLE EDUCATIONAL OPPORTUNITIES THAT HELP STUDENTS BECOME SUCCESSFUL, PRODUCTIVE CITIZENS

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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 $6,961,904

Program Service Revenue $3,744,864

Investment Income $961,546

Other Revenue $-213,683

TOTAL REVENUE $11,454,631

Expense Breakdown

Grants Paid $5,002,770

Salaries & Benefits $0

Fundraising Expenses $55,522

Program Expenses $8,384,165

Other Expenses $3,603,422

TOTAL EXPENSES $8,606,192

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,454,631	$9,578,709	+0.2%
Expenses	$8,606,192	$7,778,571	+0.1%
Net Income	$2,848,439	$1,800,138	+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

100

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

$138,044

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARCEL BLYTHE	CHAIR	2.00	Officer Director	$0	$0	$0
CHRISTOPHER TAYLOR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NADINE FAHIM	DEVELOPMENT CHAIR	1.00	Officer Director	$0	$0	$0
LAURA GAGNON	FINANCE CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTINA ACOSTA	FACULTY LIAISON	2.00	Officer Director	$0	$0	$0
AAKASH PATEL	TRUSTEE'S LIASON	1.00	Officer Director	$0	$0	$0
JENNIFER CHINA	PRESIDENT'S LIAISON	1.00	Officer Director	$0	$0	$0
SCOTT GOLDBACH	GOVERNANCE CHAIR	1.00	Officer Director	$0	$0	$0
ERIC BAILEY	PAST CHAIR	1.00	Director	$0	$0	$0
BRETT FAY	DIRECTOR	1.00	Director	$0	$0	$0
GEORGIA VAHUE	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI WHIDDEN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER BOLIVAR	DIRECTOR	1.00	Director	$0	$0	$0
KARL STRAUCH	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP MINDEN	DIRECTOR	1.00	Director	$0	$0	$0
LINDA NEVERSON	DIRECTOR	1.00	Director	$0	$0	$0
LOUISE ELLROD	DIRECTOR	1.00	Director	$0	$0	$0
MARCIA DOLBY	DIRECTOR	1.00	Director	$0	$0	$0
NATALI ARCHIBEE	DIRECTOR	1.00	Director	$0	$0	$0
QUALENTA KIVETT	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND AYRES	DIRECTOR	1.00	Director	$0	$0	$0
L GARRETT WEDDLE	EXEC DIRECTOR(JULY 2023 TO PRESENT)	0.50	Officer	$0	$0	$51,927
STEVEN SHEAR	EXEC DIRECTOR(JAN 2015 TO JUNE 2023)	0.50	Officer	$0	$0	$86,117

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	$11,454,631	$8,606,192	$32,159,295	$2,848,439
2023	$9,578,709	$7,778,571	$29,207,976	$1,800,138
2022	$9,418,496	$7,092,337	$27,797,080	$2,326,159
2021	$8,739,828	$6,548,728	$29,037,973	$2,191,100
2020	$7,706,062	$6,781,000	$26,463,857	$925,062
2019	$9,115,451	$5,777,872	$27,027,095	$3,337,579

THE HILLSBOROUGH COMMUNITY COLLEGE FOUNDATION INC