CLARENDON 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

1990

Legal Domicile

Principal Officer

DARLENE SPIER

Phone

8068743571

Tax Period

2024-09-01 to 2025-08-31

CLARENDON COLLEGE FOUNDATION INC, founded in 1990, is a micro nonprofit in the Education sector that reported $65K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $107K exceeded revenue, resulting in a 65% operating deficit.

Mission

CLARENDON COLLEGE FOUNDATION, INC. IS ORGANIZED TO SUPPORT AND PROMOTE THE INTEREST OF EDUCATION AT CLARENDON COLLEGE AND TO ASSIST AND EXTEND FINANCIAL SUPPORT TO CLARENDON COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $107,355 Revenue: $65,233

SCHOLARSHIPS WERE AWARDED TO 52 STUDENTS OF CLARENDON COLLEGE BASED ON ACADEMIC PERFORMANCE AND FINANCIAL NEED.

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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 $4,500

Program Service Revenue $0

Investment Income $60,733

Other Revenue $0

TOTAL REVENUE $65,233

Expense Breakdown

Grants Paid $104,854

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $107,355

Other Expenses $2,501

TOTAL EXPENSES $107,355

Year-over-Year Comparison

	2024	2023	Change
Revenue	$65,233	$57,521	+0.1%
Expenses	$107,355	$35,795	+2.0%
Net Income	$-42,122	$21,726	-2.9%

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
TEX BUCKHALTS	COLLEGE PRESIDENT	1.00	Director	$0	$0	$0
SWASEY BRAINARD	DIRECTOR	1.00	Director	$0	$0	$0
LARRY JEFFERS	DIRECTOR	1.00	Director	$0	$0	$0
BRAD VANDEN BOOGAARD	DIRECTOR	1.00	Director	$0	$0	$0
GREG ODEM	DIRECTOR	1.00	Director	$0	$0	$0
ERIN SHAW	DIRECTOR	1.00	Director	$0	$0	$0
LESA THORNBERRY	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN READ	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SMITH	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA LAMB	DIRECTOR	1.00	Director	$0	$0	$0
DARLENE SPIER	DIRECTOR	1.00	Director	$0	$0	$0
PAT BRITTEN	CHAIRMAN	1.00	Officer	$0	$0	$0
JAMES SHELTON	VICE CHAIRMAN	1.00	Officer	$0	$0	$0
EVIE WRIGHT	SECRETARY	1.00	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	$65,233	$107,355	$535,536	$-42,122
2024	$57,521	$35,795	$577,658	$21,726
2023	$28,577	$43,183	$555,933	$-14,606
2022	$12,455	$24,248	$570,539	$-11,793
2021	$17,979	$21,969	$582,332	$-3,990
2020	$21,566	$23,136	$586,457	$-1,570
2019	$75,069	$56,108	$592,162	$18,961
2018	$37,370	$39,678	$597,076	$-2,308