COLLEGE FOUNDATION INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1957

Legal Domicile

Principal Officer

JINGER CARTER

Phone

2708319805

Tax Period

2024-07-01 to 2025-06-30

COLLEGE FOUNDATION INC, founded in 1957, is a small nonprofit in the Education sector that reported $409K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $344K, a strong 84% operating margin.

Mission

FUNDRAISING ARM FOR HENDERSON COMMUNITY COLLEGE TO PROVIDE SUPPORT AND SCHOLARSHIPS AS NEEDED.

Program Service Accomplishments

Program 1

Expenses: $16,360

THE COLLEGE FOUNDATION, INC. PROVIDES SUPPORT FOR STUDENT SCHOLARSHIPS AT HENDERSON COMMUNITY COLLEGE. THE FOUNDATION NOW PROVIDES FINANCIAL SUPPORT FOR APPROX. TWENTY SCHOLARSHIP PROGRAMS FOR THE...

THE COLLEGE FOUNDATION, INC. PROVIDES SUPPORT FOR STUDENT SCHOLARSHIPS AT HENDERSON COMMUNITY COLLEGE. THE FOUNDATION NOW PROVIDES FINANCIAL SUPPORT FOR APPROX. TWENTY SCHOLARSHIP PROGRAMS FOR THE COLLEGE. THE AWARDS RANGE FROM 120 TO 750 PER SEMESTER TO ASSIST IN THE COST OF TUITION AND BOOKS/FEES. ADDITIONAL FINANCIAL SUPPORT WAS PROVIDED TO ASSIST HIGH SCHOOL STUDENTS IN OBTAINING COLLEGE CREDIT THROUGH AP COURSES PROVIDED AT THEIR LOCAL HIGH SCHOOLS. THE FOUNDATION PROVIDES FINANCIAL SUPPORT FOR THE ROTARY COLONELS TO COLLEGE AND BRAVES TO COLLEGE PROGRAMS WHICH PROVIDES SCHOLARSHIPS (ADMINISTERED BY THE COLLEGE) TO ELIGBLE STUDENTS OF HENDERSON AND UNION COUNTIES, RESPECTIVELY, WHO MEET SPECIFIC CRITERIA TO CONTINUE THEIR EDUCATION AT HENDERSON COMMUNITY COLLEGE. FUNDS FOR THESE PROGRAMS ARE REMITTED ANNUALLY TO THE COLLEGE'S COMMON FUND WHERE MATCHING FUNDS ARE AWARDED BY THE STATE OF KENTUCKY.

Program 2

Expenses: $30,270

THE COLLEGE FOUNDATION, INC. PROVIDES FINANCIAL SUPPORT TO THE FACULTY AND STAFF OF HENDERSON COMMUNITY COLLEGE TO MAINTAIN QUALITY PROGRAMS, TO PROVIDE FOR STUDENT ACADEMIC ACTIVITIES, AND ASSIST IN PUBLIC RELATIONS, PROFESSIONAL DEVELOPMENT AND RECRUITING. THESE FUNDS ALLOW THE PRESIDENT TO RESPOND TO THE NEEDS AND OPPORTUNITES TO ENHANCE THE EXPERIENCE OF STUDENTS AT THE HENDERSON CAMPUS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $144,963

Program Service Revenue $0

Investment Income $254,839

Other Revenue $9,535

TOTAL REVENUE $409,337

Expense Breakdown

Grants Paid $46,630

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,630

Other Expenses $19,191

TOTAL EXPENSES $65,821

Year-over-Year Comparison

	2024	2023	Change
Revenue	$409,337	$552,699	-0.3%
Expenses	$65,821	$205,505	-0.7%
Net Income	$343,516	$347,194	0.0%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
STEVE ARNETT	DIRECTOR	1.00	Director	$0	$0	$0
BECKY CARROLL	DIRECTOR	1.00	Director	$0	$0	$0
JINGER CARTER	CHAIR	5.00	Officer Director	$0	$0	$0
PAM CORNETT	DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY DURBIN	DIRECTOR	1.00	Director	$0	$0	$0
WHITNEY FLOYD	DIRECTOR	1.00	Director	$0	$0	$0
SANDY FREEBURGER	DIRECTOR	1.00	Director	$0	$0	$0
BILL GENTRY	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN HAWKES	DIRECTOR	1.00	Director	$0	$0	$0
BOBBIE JARRETT	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES JOHNSON	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
TAMIKA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
COOPER LILLY	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
BRIAN NEWMAN	DIRECTOR	1.00	Director	$0	$0	$0
MEREDITH POWELL	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER PRESTON	EXECUTIVE DI	20.00	Officer Director	$0	$0	$0
DORIS RAZZANO-MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
JASON WARREN	DIRECTOR	1.00	Director	$0	$0	$0
SUSIE WATKINS	DIRECTOR	1.00	Director	$0	$0	$0
LINDA WHITE	DIRECTOR	1.00	Director	$0	$0	$0
JUDGE RENE WILLIAMS	SECRETARY/TR	1.00	Officer 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	$409,337	$65,821	$3,234,192	$343,516
2024	$552,699	$205,505	$2,889,964	$347,194
2023	$399,795	$145,453	$2,542,074	$254,342
2022	$271,645	$636,831	$2,287,467	$-365,186
2021	$851,483	$386,442	$2,652,409	$465,041
2020	$274,372	$313,447	$2,195,504	$-39,075
2019	$294,839	$308,016	$2,241,069	$-13,177