GEORGE C WALLACE COMMUNITY COLLEGE FOUNDATION (EIN 631060933) - 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

1992

Legal Domicile

Principal Officer

JIM DENNIS

Phone

3345562201

Tax Period

2024-01-01 to 2024-12-31

GEORGE C WALLACE COMMUNITY COLLEGE FOUNDATION, founded in 1992, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.5M in total revenue in fiscal year 2020. Revenue surged 121% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 69% operating margin.

Mission

TO PROMOTE, SPONSOR, SUPPORT AND IMPLEMENT EDUCATIONAL ACTIVITIES, OPPORTUNITIES AND SERVICES FOR THE STUDENTS, ALUMNI AND FRIENDS OF GEORGE C. WALLACE COMMUNITY COLLEGE.

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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 $246,714

Program Service Revenue $47,904

Investment Income $518,365

Other Revenue $88,205

TOTAL REVENUE $901,188

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $459,552

Other Expenses $475,108

TOTAL EXPENSES $475,108

Year-over-Year Comparison

	2024	2023	Change
Revenue	$901,188	$832,287	+0.1%
Expenses	$475,108	$356,675	+0.3%
Net Income	$426,080	$475,612	-0.1%

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	Role	Reportable Comp	Other Comp	Total
BEAU BENTON	DIRECTOR	Officer Director	$0	$0	$0
JEFF BRANNON	DIRECTOR	Director	$0	$0	$0
KELLY COLBERT	DIRECTOR	Director	$0	$0	$0
JOHN COLEMAN	DIRECTOR	Director	$0	$0	$0
JIM DENNIS	CHAIR	Officer Director	$0	$0	$0
DWIGHT L GAMBLE	DIRECTOR	Director	$0	$0	$0
CHARLES F HARPER	DIRECTOR	Director	$0	$0	$0
EMILY HEERSINK	DIRECTOR	Director	$0	$0	$0
O LEWIS HUMPHREY	DIRECTOR	Director	$0	$0	$0
PETER MCINISH	DIRECTOR	Director	$0	$0	$0
DAVID MONEY	DIRECTOR	Director	$0	$0	$0
B HARRISON MORRIS	TREASURER	Officer Director	$0	$0	$0
CHARLES E OWENS	DIRECTOR	Director	$0	$0	$0
ROBERT RHOADES	DIRECTOR	Officer Director	$0	$0	$0
J RONNEY WATSON	DIRECTOR	Director	$0	$0	$0
J WADE WHATLEY	DIRECTOR	Officer Director	$0	$0	$0
SUZANNE WOODS	DIRECTOR	Director	$0	$0	$0
TRACY BROOKS	DIRECTOR	Director	$0	$0	$0
JASON DAVIS	DIRECTOR	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
2024	$901,188	$475,108	$12,046,963	$426,080
2023	$832,287	$356,675	$10,888,401	$475,612
2022	$780,996	$272,111	$9,305,269	$508,885
2021	$886,774	$539,820	$10,380,283	$346,954
2020	$1,517,012	$471,120	$9,323,807	$1,045,892

GEORGE C WALLACE COMMUNITY COLLEGE FOUNDATION