MCLENNAN COMMUNITY COLLEGE FOUNDATION ATTN CHRISTOPHER QUALLS

EIN: 742550278 501(c)(3) Education

WACO, TX

Total Revenue
$3,358,483
Total Expenses
$2,246,333
Total Assets
$38,249,067
Net Assets
$37,953,649
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
TX
Principal Officer
CHRISTOPHER QUALLS
Phone
2542998606
Tax Period
2024-09-01 to 2025-08-31

MCLENNAN COMMUNITY COLLEGE FOUNDATION ATTN CHRISTOPHER QUALLS, founded in 1985, is a community nonprofit in the Education sector that reported $3.4M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 33% operating margin.

Mission

THE MCC FOUNDATION'S MISSION SUPPORTS THE DEVELOPMENT OF FUNDS FOR STUDENT SCHOLARSHIPS, STAFF AND FACULTY PROFESSIONAL DEVELOPMENT, CAMPUS CAPITAL PROJECTS AND STUDENT EMERGENCY NEEDS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,546,686
Program Service Revenue $0
Investment Income $1,842,448
Other Revenue $-30,651
TOTAL REVENUE $3,358,483

Expense Breakdown

Grants Paid $2,045,940
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,045,940
Other Expenses $200,393
TOTAL EXPENSES $2,246,333

Year-over-Year Comparison

2024 2023 Change
Revenue $3,358,483 $2,461,524 +0.4%
Expenses $2,246,333 $3,467,699 -0.4%
Net Income $1,112,150 $-1,006,175 -2.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
26
Independent Members
26
Employees
N/A
Volunteers
140

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
7
$163,055
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY PEREZ CHAIR 1.00
Officer Director
$0 $0 $0
DANA HASSELL PAST CHAIR 1.00
Officer Director
$0 $0 $0
SABRINA MOORE TREASURER 1.00
Officer Director
$0 $0 $0
DR JOHNETTE MCKOWN SECRETARY/MCC PRES 1.00
Officer Director
$0 $0 $0
RODNEY CLARK DIRECTOR 1.00
Director
$0 $0 $0
MOSIE HOLLEY VICE-CHAIR 1.00
Officer Director
$0 $0 $0
LEN BROWN DIRECTOR 1.00
Director
$0 $0 $0
JOHN BIBLE DIRECTOR 1.00
Director
$0 $0 $0
DR EDDIE MORRISON DIRECTOR 1.00
Director
$0 $0 $0
DEIDRA EMERSON DIRECTOR 1.00
Director
$0 $0 $0
JOHNNY GIOTES DIRECTOR 1.00
Director
$0 $0 $0
BETSY REEDER DIRECTOR 1.00
Director
$0 $0 $0
MISTI MOSTILLER DIRECTOR 1.00
Director
$0 $0 $0
DONALD LEWIS DIRECTOR 1.00
Director
$0 $0 $0
PAUL MCCLINTON DIRECTOR 1.00
Director
$0 $0 $0
ANDY HARWELL DIRECTOR 1.00
Director
$0 $0 $0
JONATHAN HILL DIRECTOR 1.00
Director
$0 $0 $0
CLINT LEWIS DIRECTOR 1.00
Director
$0 $0 $0
DR LAUR WICHMAN DIRECTOR 1.00
Director
$0 $0 $0
EARL STINNETT DIRECTOR 1.00
Director
$0 $0 $0
DEBBIE SARTAIN DIRECTOR 1.00
Director
$0 $0 $0
DR DIANNE SAWYER DIRECTOR 1.00
Director
$0 $0 $0
J DAVID DICKSON DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER QUALLS EXECUTIVE DIRECTOR(4/25-PRESENT) 40.00
Officer
$0 $0 $0
WES LIVESAY EXECUTIVE DIRECTOR(10.15.23-8.31.24) 40.00
Officer
$142,465 $20,590 $163,055
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 $3,358,483 $2,246,333 $38,249,067 $1,112,150
2024 $2,461,524 $3,467,699 $37,345,391 $-1,006,175
2023 $3,419,594 $908,488 $32,689,605 $2,511,106
2022 $4,422,492 $2,437,466 $29,826,134 $1,985,026
2021 $2,276,502 $973,047 $31,600,845 $1,303,455
2020 $1,791,431 $872,862 $24,774,610 $918,569
2019 $1,752,981 $824,544 $21,734,058 $928,437
2018 $4,322,928 $823,565 $20,869,541 $3,499,363
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