OWENSBORO COMMUNITY AND TECHNICAL COLLEGE FOUNDATION INC

EIN: 611109704 501(c)(3) Education

OWENSBORO, KY

Total Revenue
$715,715
Total Expenses
$405,657
Total Assets
$8,699,348
Net Assets
$8,699,282
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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
1986
Legal Domicile
KY
Principal Officer
SYDNEY WARREN
Phone
2706864503
Tax Period
2024-07-01 to 2025-06-30

OWENSBORO COMMUNITY AND TECHNICAL COLLEGE FOUNDATION INC, founded in 1986, is a small nonprofit in the Education sector that reported $716K in total revenue in fiscal year 2024. The organization ran a surplus of $310K, a strong 43% operating margin.

Mission

THE OCTC FOUNDATION, INC. IS A NONPROFIT CORPORATION FORMED TO SUPPORT THE PURPOSES AND PROMOTE THE FURTHER DEVELOPMENT OF THE OWENSBORO COMMUNITY AND TECHNICAL COLLEGE. THE FOUNDATION'S SUPPORT COMES PRIMARILY FROM INDIVIDUAL, BUSINESS AND LOCAL GOVERNMENT CONTRIBUTIONS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $533,172
Program Service Revenue $20,917
Investment Income $177,114
Other Revenue $-15,488
TOTAL REVENUE $715,715

Expense Breakdown

Grants Paid $371,760
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $371,760
Other Expenses $33,897
TOTAL EXPENSES $405,657

Year-over-Year Comparison

2024 2023 Change
Revenue $715,715 $742,456 0.0%
Expenses $405,657 $369,321 +0.1%
Net Income $310,058 $373,135 -0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
10
Employees
N/A
Volunteers
N/A

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
4
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY JACKSON CHAIR 0.00
Officer Director
$0 $0 $0
JOSEPH W TAYLOR VICE CHAIR 0.00
Officer Director
$0 $0 $0
SCOTT L CLAY TREASURER 0.00
Officer Director
$0 $0 $0
DR VEENA SALLAN SECRETARY 0.00
Officer Director
$0 $0 $0
STEVE GARDNER BOARD MEMBER 0.00
Director
$0 $0 $0
DAVID M JOHNSON BOARD MEMBER 0.00
Director
$0 $0 $0
JEFF RICE BOARD MEMBER 0.00
Director
$0 $0 $0
DR SCOTT WILLIAMS COLLEGE PRESIDENT 0.00
Director
$0 $0 $0
SYDNEY WARREN EXECUTIVE DIRECTOR 0.00
Director
$0 $0 $0
BERNADETTE TOYE HALE DIRECTOR OF PUBLIC RELATIO 0.00
Director
$0 $0 $0
BRANDON GILLES BOARD MEMBER 0.00
Director
$0 $0 $0
TALINA MATTHEWS BOARD MEMBER 0.00
Director
$0 $0 $0
TIM MITCHELL BOARD MEMBER 0.00
Director
$0 $0 $0
NICK OLLER BOARD MEMBER 0.00
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 $715,715 $405,657 $8,699,348 $310,058
2024 No data No data No data No data
2023 $948,012 $324,540 $6,487,265 $623,472
2022 $461,999 $390,779 $5,382,290 $71,220
2021 $455,471 $324,213 $6,014,804 $131,258
2020 $313,952 $276,607 $4,881,419 $37,345
2019 $682,639 $391,362 $4,772,559 $291,277
2018 $447,744 $193,226 $4,242,382 $254,518
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