COMMUNITY AND TECHNICAL COLLEGE FO… - Form 990 Financial Data

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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

1994

Legal Domicile

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

THE PURPOSE OF THE FOUNDATION IS TO SUPPORT THE EDUCATIONAL PROGRAMS AND SERVICES OF THE ASHLAND COMMUNITY AND TECHNICAL SOLLEGE AND TO PROMOTE AWARENESS OF THE COLLEGE FOR THE BENEFIT OF ITS STUDENT BODY AND ALUMNI.

Program Service Accomplishments

Program 1

Expenses: $581,218

ASHLAND COMMUNITY AND TECHNICAL COLLEGE SCHOLARSHIPS AND SUPPORT OF EDUCATIONAL PROGRAMS.

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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 $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

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	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

COMMUNITY AND TECHNICAL COLLEGE FOUNDATION OF ASHLAND INC