Seminole State College Educational Foundation Inc (EIN 730781297) - 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

1972

Legal Domicile

Principal Officer

Mark Schell

Phone

4053829218

Tax Period

2024-01-01 to 2024-12-31

Seminole State College Educational Foundation Inc, founded in 1972, is a community nonprofit in the Education sector that reported $3.5M in total revenue in fiscal year 2024. Expenses of $4.2M exceeded revenue, resulting in a 19% operating deficit.

Mission

Provide college support, student scholarships, and economic development in surrounding areas

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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 $2,813,492

Program Service Revenue $165,740

Investment Income $422,648

Other Revenue $102,435

TOTAL REVENUE $3,504,315

Expense Breakdown

Grants Paid $2,743,420

Salaries & Benefits $118,178

Fundraising Expenses $0

Program Expenses $3,995,205

Other Expenses $1,303,049

TOTAL EXPENSES $4,164,647

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,504,315	$3,415,676	+0.0%
Expenses	$4,164,647	$2,644,354	+0.6%
Net Income	$-660,332	$771,322	-1.9%

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

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

$53,497

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Schell	Chair	1.00	Officer Director	$0	$0	$0
Lance Wortham	Co-Chair	1.00	Officer Director	$0	$0	$0
Rhonda McKee	Co-Chair	1.00	Officer Director	$0	$0	$0
Steve Bagwell	Trustee	1.00	Director	$0	$0	$0
Adam Baker	Trustee	1.00	Director	$0	$0	$0
Rocky Barrett	Trustee	1.00	Director	$0	$0	$0
Dan Boren	Trustee	1.00	Director	$0	$0	$0
Vickie Carter	Trustee	1.00	Director	$0	$0	$0
Brooke Case	Trustee	1.00	Director	$0	$0	$0
Haley Coates	Trustee	1.00	Director	$0	$0	$0
Steve Degraffenreid	Trustee	1.00	Director	$0	$0	$0
Darren Frederick	Trustee	1.00	Director	$0	$0	$0
Suzanne Gilbert	Trustee	1.00	Director	$0	$0	$0
Jim Hardin	Trustee	1.00	Director	$0	$0	$0
John Hargrave	Trustee	1.00	Director	$0	$0	$0
Douglas Humphreys	Trustee	1.00	Director	$0	$0	$0
Kimberly Hyden	Trustee	1.00	Director	$0	$0	$0
Kathy Laster	Trustee	1.00	Director	$0	$0	$0
Tim Mathews	Trustee	1.00	Director	$0	$0	$0
Ray McQuiston	Trustee	1.00	Director	$0	$0	$0
Gordon Melson	Trustee	1.00	Director	$0	$0	$0
Angi Mohr	Trustee	1.00	Director	$0	$0	$0
Chris Moore	Trustee	1.00	Director	$0	$0	$0
Brian Nave	Trustee	1.00	Director	$0	$0	$0
Jeramy Rich	Trustee	1.00	Director	$0	$0	$0
Lance Ruffel	Trustee	1.00	Director	$0	$0	$0
Roy Sisco	Trustee	1.00	Director	$0	$0	$0
Jason Smalley	Trustee	1.00	Director	$0	$0	$0
Sue Snodgrass	Trustee	1.00	Director	$0	$0	$0
Bob Swearingen	Trustee	1.00	Director	$0	$0	$0
Carla Tollett	Trustee	1.00	Director	$0	$0	$0
Andy Tucker	Trustee	1.00	Director	$0	$0	$0
Reggie Whitten	Trustee	1.00	Director	$0	$0	$0
David Wilson	Trustee	1.00	Director	$0	$0	$0
Kim Pringle	Director of Comm Relations	16.00	Officer	$0	$6,925	$53,497

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	$3,504,315	$4,164,647	$14,640,243	$-660,332
2023	$3,415,676	$2,644,354	$15,428,457	$771,322
2022	$2,306,423	$2,229,578	$14,462,251	$76,845
2021	$1,498,225	$1,404,953	$13,840,348	$93,272
2020	$1,527,580	$1,458,061	$8,486,179	$69,519
2019	$978,019	$568,870	$5,657,822	$409,149
2018	$1,762,139	$493,658	$5,847,233	$1,268,481

Seminole State College Educational Foundation Inc