VERNON COLLEGE FOUNDATION INCORPORATED (EIN 752045268) - 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

1985

Legal Domicile

Principal Officer

MICHELLE A ALEXANDER

Phone

9405526291

Tax Period

2024-09-01 to 2025-08-31

VERNON COLLEGE FOUNDATION INCORPORATED, founded in 1985, is a small nonprofit that reported $545K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $145K, a strong 27% operating margin.

Mission

THE VERNON COLLEGE FOUNDATION, INCORPORATED OPERATES TO PROVIDE FUNDING FOR SCHOLARSHIPS TO STUDENTS AND OTHER GRANTS TO VERNON COLLEGE.

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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 $270,137

Program Service Revenue $0

Investment Income $272,785

Other Revenue $2,400

TOTAL REVENUE $545,322

Expense Breakdown

Grants Paid $378,449

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $378,449

Other Expenses $22,235

TOTAL EXPENSES $400,684

Year-over-Year Comparison

	2024	2023	Change
Revenue	$545,322	$464,626	+0.2%
Expenses	$400,684	$471,598	-0.2%
Net Income	$144,638	$-6,972	-21.7%

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

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

$422,911

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR STEPHEN BRANTLEY	MEMBER	1.00	Director	$0	$0	$0
MR LARRY DRENNAN	MEMBER	1.00	Director	$0	$0	$0
MRS TERRI FARABEE	MEMBER	1.00	Director	$0	$0	$0
MR GA TONY FIDELIE JR	MEMBER	1.00	Director	$0	$0	$0
MRS DEE ANN MARTIN	MEMBER	1.00	Director	$0	$0	$0
MR ANDREW E PENNINGTON	MEMBER	1.00	Director	$0	$0	$0
DR TODD SMITH	MEMBER	1.00	Director	$0	$0	$0
MRS HELEN WILLINGHAM	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
MRS JONI STREIT	VICE-CHAIRPERSON	2.00	Officer Director	$0	$0	$0
MR BRENT HILLERY	SECRETARY-TREASURER	2.00	Officer Director	$0	$0	$0
MR BOB FERGUSON	BOARD OF TRUSTEES CHAIRMAN	1.00	Director	$0	$0	$0
MS MICHELLE A ALEXANDER	EXECUTIVE DIRECTOR	20.00	Officer	$0	$0	$74,489
DR DUSTY R JOHNSTON	PRESIDENT	1.00	Officer	$0	$0	$233,360
MS MINDI FLYNN	VP ADMINISTRATION	5.00	Officer	$0	$0	$115,062

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	$545,322	$400,684	$6,498,636	$144,638
2024	$464,626	$471,598	$6,127,551	$-6,972
2023	$596,838	$367,527	$5,483,335	$229,311
2022	$675,207	$405,554	$5,177,598	$269,653
2021	$522,998	$425,327	$6,218,340	$97,671
2020	$136,022	$375,800	$5,335,085	$-239,778
2019	$573,958	$361,165	$5,143,313	$212,793
2018	$511,709	$371,226	$5,388,090	$140,483

VERNON COLLEGE FOUNDATION INCORPORATED