COLLEGE FOUNDATION INC (EIN 616035281) - 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

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

THE COLLEGE FOUNDATION, INC. WAS FOUNDED TO SUPPORT THE MISSION OF HENDERSON COMMUNITY COLLEGE BY RAISING FUNDS AND AWARENESS THROUGHOUT THE COMMUNITY. IT IS A SEPARATE NOT-FOR-PROFIT 501(C)(3) ORGANIZATION, LED BY AN INDEPENDENT BOARD OF DIRECTORS. THE PRIMARY PURPOSES OF THE FOUNDATION INCLUDE ADVANCING THE VISION, MISSION, GOALS, AND OBJECTIVES OF HCC AND: CATALYST, LEADERSHIP, AND COORDINATION FOR THE PRIVATE-SECTOR RESOURCE DEVELOPMENT PROGRAMS AND ACTIVITIES OF HENDERSON COMMUNITY COLLEGE. RAISE PRIVATE FUNDS FOR COLLEGE-WIDE INITIATIVES AND NEEDS. PROVIDE OVERSIGHT AND GUIDANCE FOR THE MANAGEMENT AND INVESTMENT OF PRIVATE FUNDS. FRIEND-RAISER AND ADVOCATE FOR HENDERSON COMMUNITY COLLEGE. ADVISOR TO HENDERSON COMMUNITY COLLEGE PRESIDENT.

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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 $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

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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
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

COLLEGE FOUNDATION INC