VICTORIA COLLEGE FOUNDATION INC (EIN 741994810) - 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

1978

Legal Domicile

Principal Officer

GARY WORSHAM

Phone

3615822519

Tax Period

2024-09-01 to 2025-08-31

VICTORIA COLLEGE FOUNDATION INC, founded in 1978, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.5M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $6.4M exceeded revenue, resulting in a 42% operating deficit.

Mission

THE VICTORIA COLLEGE FOUNDATION IS A 501(C)(3) NON-PROFIT ORGANIZATION RESPONSIBLE FOR SECURING FINANCIAL RESOURCES AND APPROPRIATELY ALLOCATING THEM TO SUPPORT VICTORIA COLLEGE AND ITS STUDENTS, FACULTY AND ACADEMIC PROGRAMS.

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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 $3,640,943

Program Service Revenue $0

Investment Income $861,308

Other Revenue $5

TOTAL REVENUE $4,502,256

Expense Breakdown

Grants Paid $6,331,954

Salaries & Benefits $0

Fundraising Expenses $14,291

Program Expenses $6,332,647

Other Expenses $76,384

TOTAL EXPENSES $6,408,338

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,502,256	$3,595,964	+0.3%
Expenses	$6,408,338	$2,561,955	+1.5%
Net Income	$-1,906,082	$1,034,009	-2.8%

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
DR BRUCE BAUKNIGHT	DIRECTOR	0.25	Director	$0	$0	$0
BRIAN BILLINGSLEY	DIRECTOR	0.25	Director	$0	$0	$0
WILLIAM A BLACKWELL	DIRECTOR	0.25	Director	$0	$0	$0
BRIAN FERGUSON	DIRECTOR	0.25	Director	$0	$0	$0
BEN GALVAN	DIRECTOR	1.00	Director	$0	$0	$0
BILL GIBBENS	TREASURER	0.25	Officer Director	$0	$0	$0
PENNI GIETZ	DIRECTOR	2.00	Director	$0	$0	$0
JUDGE BEATRIZ GONZALEZ	DIRECTOR	0.25	Director	$0	$0	$0
LUIS A GUERRA	TRUSTEE REP.	0.25	Director	$0	$0	$0
STEVE HIPES	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL D HUMMEL	DIRECTOR	2.00	Director	$0	$0	$0
KATHLEEN HUNT	DIRECTOR	0.25	Director	$0	$0	$0
CLAY KOLLE	DIRECTOR	0.25	Director	$0	$0	$0
CHARLA BORCHERS LEON	DIRECTOR	0.25	Director	$0	$0	$0
JACKIE MIKESH	DIRECTOR	0.25	Director	$0	$0	$0
DAVID MURPHY	DIRECTOR	0.25	Director	$0	$0	$0
KYLE NOACK	DIRECTOR	0.25	Director	$0	$0	$0
LUANN O'CONNOR	DIRECTOR	0.25	Director	$0	$0	$0
DARRELL RANGNOW	DIRECTOR	0.25	Director	$0	$0	$0
MIKE RIVET	DIRECTOR	0.25	Director	$0	$0	$0
DR PETER P ROJAS	DIRECTOR	0.25	Director	$0	$0	$0
ROBERT ROYER	DIRECTOR	0.25	Director	$0	$0	$0
JAKE SRP	DIRECTOR	0.25	Director	$0	$0	$0
VEE STRAUSS	PRESIDENT	1.00	Officer Director	$0	$0	$0
BLAINE WARZECHA	SECRETARY	0.50	Officer Director	$0	$0	$0
GARY WORSHAM	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JOHN ZACEK	TRUSTEE REP.	0.25	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	$4,502,256	$6,408,338	$24,256,564	$-1,906,082
2024	$3,595,964	$2,561,955	$24,845,773	$1,034,009
2023	$3,488,501	$1,373,858	$22,565,838	$2,114,643
2022	$4,182,138	$945,169	$20,046,408	$3,236,969
2021	$3,447,190	$7,449,448	$19,889,499	$-4,002,258
2020	$5,349,247	$1,379,789	$19,186,778	$3,969,458
2019	$3,384,587	$1,485,143	$15,233,537	$1,899,444

VICTORIA COLLEGE FOUNDATION INC