COASTAL BEND COLLEGE FOUNDATION INC

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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

2000

Legal Domicile

Principal Officer

JAMES SCOTTEN

Phone

3613542520

Tax Period

2023-09-01 to 2024-08-31

COASTAL BEND COLLEGE FOUNDATION INC, founded in 2000, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $400K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $138K, a strong 34% operating margin.

Mission

THE COASTAL BEND COLLEGE FOUNDATION IS A FINANCIALLY EMPOWERED NOT-FOR-PROFIT ORGANIZATION WHOSE PURPOSE IS TO IMPROVE THE FISCAL STABILITY AND VISIBILITY OF COASTAL BEND COLLEGE. THE MISSION TO FUND INSPIRED CURRICULUM, FACULTY DEVELOPMENT, BUILDING MODERNIZATION AND INNOVATIVE STUDENT SERVICES PROJECTS TO ENABLE COASTAL BEND COLLEGE TO CONTINUE TO MEET THE DYNAMIC EDUCATIONAL AND ECONOMIC NEEDS OF THE STUDENTS, COMMUNITIES AND INDUSTRIES IT SERVES. THE COASTAL BEND COLLEGE FOUNDATION, INC. ESTABLISHED IN 2000 FOR THE SOLE PURPOSE OF ASSISTING THE COLLEGE IN PERFORMING ITS MISSION, RECEIVES AND ADMINISTERS PRIVATE GIFTS, BEQUESTS AND DONATIONS TO BENEFIT COASTAL BEND COLLEGE STUDENTS AND TO ENHANCE THE QUALITY OF TEACHING AND LEARNING AT THE COLLEGE. GIFTS TO THE FOUNDATION SUPPORT PROGRAMS AND ACTIVITIES NOT FUNDED THROUGH TRADITIONAL SOURCES. AT THE SAME TIME, THE FOUNDATION PROVIDES ASSISTANCE TO DONORS THROUGH COMPREHENSIVE PROGRAM OF TAX-WISE ALTERNATIVES THROUGH PLANNED GIVING.

Program Service Accomplishments

Program 1

Expenses: $216,502

COASTAL BEND COLLEGE FOUNDATION WAS ESTABLISHED FOR THE PURPOSE OF ENHANCING THE QUALITY AND TEACHING AT THE COLLEGE BY USING THE BEQUESTS AND DONATIONS RECEIVED BY FUNDING THESE DIFFERENT PROJECTS. THE FOUNDATION HELPS COASTAL BEND COLLEGE MEET THE NEEDS OF THE STUDENTS, COMMUNITIES AND INDUSTRIES IT SERVES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $306,909

Program Service Revenue $0

Investment Income $93,262

Other Revenue $0

TOTAL REVENUE $400,171

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $45,735

Program Expenses $216,502

Other Expenses $262,237

TOTAL EXPENSES $262,237

Year-over-Year Comparison

	2023	2022	Change
Revenue	$400,171	$323,204	+0.2%
Expenses	$262,237	$56,294	+3.7%
Net Income	$137,934	$266,910	-0.5%

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
MARIA CASTRO	SECRETARY	1.00	Officer Director	$0	$0	$0
DELA CASTILLO	BOARD MEMBER	1.00	Director	$0	$0	$0
BOBBY JO TOWNSEND	BOARD MEMBER	1.00	Director	$0	$0	$0
TAYLOR TOMLIN	OFFICER	1.00	Officer Director	$0	$0	$0
DR JUSTIN HOGGARD	CBC PRESIDENT	1.00	Officer Director	$0	$0	$0
MERCY FLYNN	OFFICER	1.00	Officer Director	$0	$0	$0
MARY AMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DR TWILA JOHNSON	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
SHAWN RAMON	CBC FOUNDATION PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT MOLINA	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIO MUNOZ	OFFICER	1.00	Officer Director	$0	$0	$0
LIBBY SPIRES	BOARD MEMBER	1.00	Director	$0	$0	$0
REAGAN FLORENCE	BOARD MEMBER	1.00	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	$1,150,142	$284,251	$3,418,713	$865,891
2024	$400,171	$262,237	$2,852,378	$137,934
2023	$323,204	$56,294	$2,556,572	$266,910
2022	$-54,329	$113,719	$2,309,548	$-168,048
2021	$391,494	$56,774	$2,456,732	$334,720
2020	$218,813	$84,907	$2,128,876	$133,906
2019	$271,138	$139,970	$2,044,882	$131,168
2018	$237,796	$161,247	$1,953,950	$76,549