LEE COLLEGE FOUNDATION

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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

1968

Legal Domicile

Principal Officer

JACOB ATKIN

Phone

2814256352

Tax Period

2024-09-01 to 2025-08-31

LEE COLLEGE FOUNDATION, founded in 1968, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $516K, a strong 23% operating margin.

Mission

THE LEE COLLEGE FOUNDATION SHALL PROMOTE THE EDUCATIONAL OPPORTUNITIES AVAILABLE TO THE COMMUNITY BY PROVIDING FINANCIAL SUPPORT FOR LEE COLLEGE STUDENTS, ITS FACULTY AND STAFF AND INITIATIVES THROUGH SOLICITATION AND ACCEPTANCE OF GIFTS, DONATIONS, AND GRANTS.

Program Service Accomplishments

Program 1

Expenses: $1,575,827

SCHOLARSHIPS FOR LEE COLLEGE DISTRICT STUDENTS, CAPITAL FACILITIES ASSISTANCE FOR LEE COLLEGE, AND EMERGENCY ASSISTANCE DUE TO COVID-19.

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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 $1,736,236

Program Service Revenue $0

Investment Income $489,883

Other Revenue $-23,968

TOTAL REVENUE $2,202,151

Expense Breakdown

Grants Paid $1,510,227

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,575,827

Other Expenses $175,714

TOTAL EXPENSES $1,685,941

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,202,151	$3,064,587	-0.3%
Expenses	$1,685,941	$2,014,783	-0.2%
Net Income	$516,210	$1,049,804	-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

N/A

Independent Members

N/A

Employees

N/A

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

$139,245

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY ENGLERT	CHAIR	3.00	Officer Director	$0	$0	$0
LYNNE FOLEY	VICE-CHAIR	3.00	Officer Director	$0	$0	$0
RUSTY SENAC	TREASURER	3.00	Officer Director	$0	$0	$0
KRISTY CLAYPOOL	DIRECTOR	1.00	Director	$0	$0	$0
CARL PICKETT	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE TILTON	SECRETARY	3.00	Officer Director	$0	$0	$0
STEPHEN DONCARLOS	DIRECTOR	1.00	Director	$0	$0	$0
DON COFFEY	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA DUREE	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER MARCONTELL	DIRECTOR	1.00	Director	$0	$0	$0
JUDY WHEAT	DIRECTOR	1.00	Director	$0	$0	$0
GINA GUILLORY	DIRECTOR	1.00	Director	$0	$0	$0
GILBERT SANTANA	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE TERRY	DIRECTOR	1.00	Director	$0	$0	$0
MACIE SCHUBERT	DIRECTOR	1.00	Director	$0	$0	$0
PAM WARFORD	DIRECTOR	1.00	Director	$0	$0	$0
CORY CREDEUR	DIRECTOR	1.00	Director	$0	$0	$0
RYAN DAGLEY	DIRECTOR	1.00	Director	$0	$0	$0
SANDY JANACEK	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE HEINRICH	DIRECTOR	1.00	Director	$0	$0	$0
ROY FULLER	DIRECTOR	1.00	Director	$0	$0	$0
DIRK PERRIN	DIRECTOR	1.00	Director	$0	$0	$0
SELAH TACCONI	EXECUTIVE DIRECTOR	32.00	Officer	$127,677	$11,568	$139,245
PATRICIA RANZINI	EXECUTIVE DIRECTOR	32.00	Officer	$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	$2,202,151	$1,685,941	$23,757,514	$516,210
2024	$3,192,026	$2,014,783	$21,607,958	$1,177,243
2023	$1,269,828	$1,330,953	$17,109,281	$-61,125
2022	$2,026,822	$1,055,854	$16,324,658	$970,968
2021	$808,322	$897,361	$16,976,171	$-89,039
2020	$1,045,797	$1,288,903	$14,391,037	$-243,106
2019	$1,208,550	$1,182,612	$13,668,445	$25,938
2018	$1,176,594	$1,639,784	$13,514,730	$-463,190