DRAKE STATE TECHNICAL COLLEGE FOUN… - Form 990 Financial Data

🔒

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

1989

Legal Domicile

Principal Officer

ALEXIS TONEY

Phone

2565517267

Tax Period

2023-01-01 to 2023-12-31

DRAKE STATE TECHNICAL COLLEGE FOUNDATION INC, founded in 1989, is a small nonprofit that reported $320K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $72K, a strong 22% operating margin.

Mission

TO SUPPORT THE ACTIVITIES OF DRAKE COMMUNITY COLLEGE BY RAISING AND MANAGING PRIVATE RESOURCES SUPPORTING THE COLLEGE'S MISSION & PRIORITIES AND PROVIDE OPPORTUNITIES FOR STUDENTS AND A MARGIN OF INSTITUTIONAL EXCELLENCE NOT ACHIEVABLE WITH INSTITUTIONAL FUNDS ALONE. THE FOUNDATIONION'S PURPOSE IS TO STIMULATE VOLUNTARY PRIVATE SUPPORT FROM ALUMNI, PARENTS, FRIENDS, CORPORATIONS, FOUNDATIONS, AND OTHERS FOR THE BENEFIT OF DRAKE STATE COMMUNITY COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $222,212 Revenue: $233,045

DRAKE STATE TECHNICAL COLLEGE FOUNDATION, INC. IS A NOT-FOR-PROFIT FOUNDATION INCORPORATED UNDER THE LAWS OF ALABAMA FOR THE PURPOSE OF STIMULATING VOLUNTARY PRIVATE SUPPORT FROM ALUMNI, PARENTS...

DRAKE STATE TECHNICAL COLLEGE FOUNDATION, INC. IS A NOT-FOR-PROFIT FOUNDATION INCORPORATED UNDER THE LAWS OF ALABAMA FOR THE PURPOSE OF STIMULATING VOLUNTARY PRIVATE SUPPORT FROM ALUMNI, PARENTS, FRIENDS, CORPORATIONS, FOUNDATIONS, AND OTHERS FOR THE BENEFIT OF DRAKE STATE COMMUNITY COLLEGE. IT EXISTS TO RAISE AND MANAGE PRIVATE RESOURCES SUPPORTING THE MISSION AND PRIORITIES OF THE COLLEGE AND TO PROVIDE OPPORTUNITIES FOR STUDENTS AND A MARGIN OF INSTITUTIONAL EXCELLENCE NOT ACHIEVABLE WITH INSTITUTIONAL FUNDS ALONE. THE FOUNDATION IS DEDICATED TO ASSISTING THE COLLEGE IN THE BUILDING OF AN ENDOWMENT AND IN ADDRESSING, THROUGH FINANCIAL SUPPORT, THE LONG-TERM ACADEMIC AND OTHER PRIORITIES OF THE COLLEGE.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $240,557

Program Service Revenue $0

Investment Income $2,603

Other Revenue $76,680

TOTAL REVENUE $319,840

Expense Breakdown

Grants Paid $221,684

Salaries & Benefits $0

Fundraising Expenses $24,077

Program Expenses $222,212

Other Expenses $26,342

TOTAL EXPENSES $248,315

Year-over-Year Comparison

	2023	2022	Change
Revenue	$319,840	$229,288	+0.4%
Expenses	$248,315	$88,860	+1.8%
Net Income	$71,525	$140,428	-0.5%

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
ALKA BHARGAV	MEMBER	0.50	Director	$0	$0	$0
AMBRIA LANKFORD	MEMBER	0.50	Director	$0	$0	$0
ARIN ZAPF	MEMBER	0.50	Director	$0	$0	$0
BRAD BURNS	MEMBER	0.50	Director	$0	$0	$0
CHARLIE BURRUSS	MEMBER	0.50	Director	$0	$0	$0
DANIEL KASAMBIRA	MEMBER	0.50	Director	$0	$0	$0
DAVID PERSON	MEMBER	1.00	Director	$0	$0	$0
DENETRA HARTZOG-MITCHELL	MEMBER	0.50	Director	$0	$0	$0
JOHN MEREDITH	MEMBER	0.50	Director	$0	$0	$0
KAROCKAS WATKINS	MEMBER	0.50	Director	$0	$0	$0
LATONYA MUMPFIELD	MEMBER	0.50	Director	$0	$0	$0
LAURA HALL	MEMBER	0.50	Director	$0	$0	$0
LORI KING-TAYLOR	MEMBER	0.50	Director	$0	$0	$0
PATRICIA SIMS	EX-OFFICIO MEMBER	1.00	Director	$0	$0	$0
SHAVONNE CAMMACK	MEMBER	0.50	Director	$0	$0	$0
TRISTA GLADISH	MEMBER	0.50	Director	$0	$0	$0
VAN STRICKLAND	MEMBER	1.00	Director	$0	$0	$0
ALEXIS TONEY	TREASURER	2.50	Officer	$0	$0	$0
DICK REEVES	VICE PRESIDENT	0.50	Officer	$0	$0	$0
DR BETH B RICHARDSON	PRESIDENT	1.00	Officer	$0	$0	$0
MONA MILLER	SECRETARY	1.00	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
2024	No data	No data	No data	No data
2023	$319,840	$248,315	$384,250	$71,525
2022	$229,288	$88,860	$311,737	$140,428

DRAKE STATE TECHNICAL COLLEGE FOUNDATION INC