MCLENNAN COMMUNITY COLLEGE FOUNDAT… - Form 990 Financial Data

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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

1985

Legal Domicile

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 AND CAMPUS CAPITAL NEEDS.

Program Service Accomplishments

Program 1

Expenses: $689,522

AWARDS SCHOLARSHIPS TO STUDENTS OF MCLENNAN COMMUNITY COLLEGE TO ENCOURAGE EDUCATIONAL OPPORTUNITIES. IN ADDITION, THE FOUNDATION PROVIDES EMERGENCY GRANTS TO STUDENTS OF MCLENNAN COMMUNITY COLLEGE WHO ENCOUNTER EXTRAORDINARY EVENTS THAT COULD NEGATIVELY AFFECT THEIR ABILITY TO CONTINUE THEIR COLLEGE EDUCATION. THE FOUNDATION ALSO SUPPORTS PAULANNE'S PANTRY TO PROVIDE BASIC FOOD AND HYGIENE ITEMS FOR STUDENTS EXPERIENCING ECONOMIC INSECURITIES.

Program 2

Expenses: $1,317,708

FUNDS WERE DISTRIBUTED TO MCLENNAN COMMUNITY COLLEGE TO COVER $911,483 IN FACILITIES EXPENSE AND $409,225 IN VARIOUS COLLEGE PROGRAM EXPENSES.

Program 3

Expenses: $38,710

GRANTS TO MCLENNAN COMMUNITY COLLEGE TO BE USED TO FUND PROFESSIONAL DEVELOPMENT CONFERENCES AND CONTINUING EDUCATION FOR FACULTY AND STAFF.

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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 $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

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

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

$163,055

Total Directors

Key Employees

Highest Compensated

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

MCLENNAN COMMUNITY COLLEGE FOUNDATION ATTN CHRISTOPHER QUALLS