Wallace Community College Selma Foundati (EIN 630920650) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

Darrell Steward

Phone

3348769255

Tax Period

2024-10-01 to 2025-09-30

WALLACE COMMUNITY COLLEGE SELMA FOUNDATION, founded in 1989, is a micro nonprofit that reported $69K in total revenue in fiscal year 2017. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $32K, a strong 47% operating margin.

Mission

Provided Financial Assistance to Wallace Community College Selma through Academic Scholarships, and Support of various College Programs

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $295,136

Program Service Revenue $0

Investment Income $16,498

Other Revenue $0

TOTAL REVENUE $311,634

Expense Breakdown

Grants Paid $209,687

Salaries & Benefits $0

Fundraising Expenses $7,247

Program Expenses $230,322

Other Expenses $35,169

TOTAL EXPENSES $244,856

Year-over-Year Comparison

	2024	2023	Change
Revenue	$311,634	$299,018	+0.0%
Expenses	$244,856	$327,605	-0.3%
Net Income	$66,778	$-28,587	-3.3%

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

N/A

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
Chad McEachern	Co CHair	1.00	Director	$0	$0	$0
Darrell Steward	Co CHair	1.00	Director	$0	$0	$0
Randall Miller	Treasurer	1.00	Director	$0	$0	$0
Johnny Moss SR	Director	1.00	Director	$0	$0	$0
Ralph Hobbs	Director	1.00	Director	$0	$0	$0
Eric Jackson	Director	1.00	Director	$0	$0	$0
Beth Spivey	Director	1.00	Director	$0	$0	$0
Diane Brooker	Director	1.00	Director	$0	$0	$0
Judge Jo Celeste Pettway	Director	1.00	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	$311,634	$244,856	$505,096	$66,778
2024	$299,018	$327,605	$438,318	$-28,587
2018	$68,911	$36,715	$395,923	$32,196

Wallace Community College Selma Foundati