CALHOUN COLLEGE FOUNDATION

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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

1975

Legal Domicile

Principal Officer

JOHNETTE DAVIS

Phone

2568904703

Tax Period

2023-07-01 to 2024-06-30

CALHOUN COLLEGE FOUNDATION, founded in 1975, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $843K, a strong 36% operating margin.

Mission

THE FOUNDATION'S MISSION IS TO RAISE FUNDS AND PROVIDE SCHOLARSHIPS TO THE STUDENTS OF CALHOUN COMMUNITY COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $618,262

THE FOUNDATION PROVIDES SCHOLARSHIPS FOR STUDENTS BASED ON ACCADEMIC ACHIEVEMENTS OR NEEDS.

Program 2

Expenses: $417,880 Revenue: $258,064

THE FOUNDATION PROVIDES FUNDS TO CLUBS AND GROUPS OF THE COLLEGE TO EXPAND THE CURRICULUM TO ACTIVITIES OUTSIDE THE CLASSROOM.

Program 3

Expenses: $395,005

THE FOUNDATION SUPPORTS THE COLLEGE WITH DIRECT PURCHASES AND DONATIONS OF NEEDED ITEMS SUCH AS CLASSROOM SUPPLIES, CAPITAL PROJECTS, PROMOTIONAL EVENTS AND TEACHER TRAINING AND DEVELOPMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,380,080

Program Service Revenue $256,429

Investment Income $606,223

Other Revenue $79,798

TOTAL REVENUE $2,322,530

Expense Breakdown

Grants Paid $0

Salaries & Benefits $336,927

Fundraising Expenses $0

Program Expenses $1,431,147

Other Expenses $1,143,030

TOTAL EXPENSES $1,479,957

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,322,530	$1,947,996	+0.2%
Expenses	$1,479,957	$1,501,263	0.0%
Net Income	$842,573	$446,733	+0.9%

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
LISA ABBOTT	CHAIR, FINANCE	1.00	Officer Director	$0	$0	$0
TERRY ABEL	DIRECTOR	0.50	Director	$0	$0	$0
TOM BUTLER	DIRECTOR	0.50	Director	$0	$0	$0
REX CHEATHAM	IMMEDIATE PAST PRESIDENT	0.50	Officer Director	$0	$0	$0
GREG CLEMONS	DIRECTOR	0.50	Director	$0	$0	$0
KIN COPELAND	DIRECTOR	0.50	Director	$0	$0	$0
TRACY DOUGHTY	DIRECTOR	0.50	Director	$0	$0	$0
FRED FOHRELL	GOVERNANCE CHAIR	1.00	Officer Director	$0	$0	$0
BARNEY HEYWARD	DIRECTOR	0.50	Director	$0	$0	$0
KIM LEWIS	PRESIDENT	2.00	Officer Director	$0	$0	$0
DOUG MARTINSON	DIRECTOR	0.50	Director	$0	$0	$0
STAN MCDONALD	DIRECTOR	0.50	Director	$0	$0	$0
ARTHUR ORR	DIRECTOR	0.50	Director	$0	$0	$0
JEANNE PAYNE	CHAIR, SCHOLARSHIP	1.00	Officer Director	$0	$0	$0
JOHN PLUNK	AT LARGE	1.00	Officer Director	$0	$0	$0
KELLI POWERS	DIRECTOR	0.50	Director	$0	$0	$0
DAVID RABY	CHAIR, NOMINATING	1.00	Officer Director	$0	$0	$0
CLINT SHELTON	DIRECTOR	0.50	Director	$0	$0	$0
JIMMY RAY SMITH	DIRECTOR	0.50	Director	$0	$0	$0
JUDY THOMAS	DIRECTOR	0.50	Director	$0	$0	$0
MIKE UNDERWOOD	DIRECTOR	0.50	Director	$0	$0	$0
SHELLI WAGGONER	DIRECTOR	0.50	Director	$0	$0	$0
ANITA WALDEN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL COX	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER CRUMBLY	DIRECTOR	0.50	Director	$0	$0	$0
JOSH HERREN	DIRECTOR	0.50	Director	$0	$0	$0
ROGER MINOR	DIRECTOR	0.50	Director	$0	$0	$0
BEKAH SCHMIDT	DIRECTOR	0.50	Director	$0	$0	$0
DAVID ALAN SMITH	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT STADTHAGEN	DIRECTOR	0.50	Director	$0	$0	$0
STUART TUBB	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER WOOD	DIRECTOR	0.50	Director	$0	$0	$0
DOUG SCALF	DIRECTOR	0.50	Director	$0	$0	$0
JORDAN CROW	DIRECTOR	0.50	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	No data	No data	No data	No data
2024	$2,322,530	$1,479,957	$16,470,687	$842,573
2023	$1,947,996	$1,501,263	$14,494,378	$446,733
2022	$1,870,829	$1,231,205	$13,115,713	$639,624
2021	$1,970,582	$493,193	$15,164,635	$1,477,389
2020	$734,220	$1,100,456	$11,921,549	$-366,236
2019	$696,720	$541,480	$12,169,058	$155,240
2018	$786,001	$373,483	$11,844,743	$412,518