COMMUNITY AND TECHNICAL COLLEGE FOUNDATION OF ASHLAND INC

EIN: 611274401 501(c)(3) Education

ASHLAND, KY

Total Revenue
$1,533,239
Total Expenses
$719,771
Total Assets
$13,178,346
Net Assets
$12,874,681
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
KY
Principal Officer
KIM MINNEHAN
Phone
6063292999
Tax Period
2024-07-01 to 2025-06-30

COMMUNITY AND TECHNICAL COLLEGE FOUNDATION OF ASHLAND INC, founded in 1994, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 255% from the prior year, signaling strong growth momentum. The organization ran a surplus of $813K, a strong 53% operating margin.

Mission

TO SUPPORT THE EDUCATIONAL PROGRAMS AND SERVICES OF THE ASHLAND COMMUNITY AND TECHNICAL COLLEGE AND TO PROMOTE AWARENESS OF THE 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,244,505
Program Service Revenue $0
Investment Income $248,407
Other Revenue $40,327
TOTAL REVENUE $1,533,239

Expense Breakdown

Grants Paid $345,009
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $581,218
Other Expenses $374,762
TOTAL EXPENSES $719,771

Year-over-Year Comparison

2024 2023 Change
Revenue $1,533,239 $432,079 +2.5%
Expenses $719,771 $684,912 +0.1%
Net Income $813,468 $-252,833 -4.2%
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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
17

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
5
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER ALLEN ACTC STAFF R N/A
Director
$0 $0 $0
ABBY BINGHAM ACTC STUDENT N/A
Director
$0 $0 $0
TERRY FYFFE TREASURER N/A
Officer Director
$0 $0 $0
DR LARRY FERGUSON DIRECTOR N/A
Director
$0 $0 $0
MARY CAT FLATH ACTC FACULTY N/A
Director
$0 $0 $0
LORA GIPSON-KING DIRECTOR N/A
Director
$0 $0 $0
MICHAEL HOBBS SECRETARY N/A
Officer Director
$0 $0 $0
ANDREW JONES DIRECTOR N/A
Director
$0 $0 $0
JOHN STEWART JR PRESIDENT N/A
Officer Director
$0 $0 $0
CAROL KELLEY DIRECTOR N/A
Director
$0 $0 $0
LANCE MCCOMIS DIRECTOR N/A
Director
$0 $0 $0
PAMELA H POTTER DIRECTOR N/A
Director
$0 $0 $0
ANN PERKINS VICE PRESIDE N/A
Officer Director
$0 $0 $0
SCOTT RIGSBY DIRECTOR N/A
Director
$0 $0 $0
MARY KAY MCGINNIS RUARK DIRECTOR N/A
Director
$0 $0 $0
BRUCE SHAFFER DIRECTOR N/A
Director
$0 $0 $0
KIM MINNEHAN ADVANCEMENT N/A
Officer
$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 $1,533,239 $719,771 $13,178,346 $813,468
2024 $432,079 $684,912 $11,214,845 $-252,833
2023 $500,483 $756,291 $10,022,342 $-255,808
2022 $359,572 $513,793 $9,208,587 $-154,221
2021 $272,811 $475,320 $10,324,677 $-202,509
2020 $1,218,989 $552,916 $8,640,514 $666,073
2019 $627,333 $545,611 $7,679,500 $81,722
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