GRAYSON COUNTY 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

1991

Legal Domicile

Principal Officer

DENNIS L WESTMAN

Phone

9034656030

Tax Period

2024-09-01 to 2025-08-31

GRAYSON COUNTY COLLEGE FOUNDATION, founded in 1991, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.0M, a strong 68% operating margin.

Mission

THE FOUNDATION'S MISSION IS "FULFILLING DONOR WISHES FOR THE STUDENT SUCCESS." IT SERVES GRAYSON COLLEGE THROUGH THE DEVELOPMENT OF PUBLIC UNDERSTANDING AND PHILANTHROPIC SUPPORT. THE FOUNDATION ENCOURAGES MUTUALLY BENEFICIAL RELATIONSHIPS BETWEEN THE COLLEGE AND ITS VARIOUS CONSTITUENCIES.

Program Service Accomplishments

Program 1

Expenses: $645,809

SCHOLARSHIPS AWARDED TO STUDENTS.

Program 2

Expenses: $34,415

RESOURCES PROVIDED FOR VARIOUS PROGRAMS AT THE COLLEGE, INCLUDING ASSISTANCE WITH FACILITY IMPROVEMENTS AND EQUIPMENT ACQUISITIONS.

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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 $1,510,033

Program Service Revenue $0

Investment Income $1,419,580

Other Revenue $-19,620

TOTAL REVENUE $2,909,993

Expense Breakdown

Grants Paid $645,809

Salaries & Benefits $0

Fundraising Expenses $47,186

Program Expenses $680,224

Other Expenses $276,319

TOTAL EXPENSES $922,128

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,909,993	$2,434,645	+0.2%
Expenses	$922,128	$824,527	+0.1%
Net Income	$1,987,865	$1,610,118	+0.2%

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

$181,010

Total Directors

$821,997

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JEREMY P MCMILLEN	PRESIDENT	1.00	Director	$0	$44,825	$355,909
CAROLYN KASDORF PARTIAL YEAR	TREASURER/VICE PRESIDENT OF BUSINESS SERVICES	1.00	Officer Director	$0	$23,379	$181,010
RANDY TRUXAL PARTIAL YEAR	EXECUTIVE DIRECTOR	40.00	Director	$0	$20,749	$156,438
PHIL ROETHER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RANDY HOPKINS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DR PATTY POOL	SECRETARY	1.00	Officer Director	$0	$0	$0
DIANA WILLIAMS	GOLF COMMITTEE CHAIR-MEMBER	1.00	Director	$0	$0	$0
DR DEBBIE PLYLER	TRUSTEE	1.00	Director	$0	$0	$0
VICKI ANDERSON	FACULTY REPRESENTATIVE	1.00	Director	$0	$0	$0
DANNY ORTIZ	MEMBER	0.25	Director	$0	$0	$0
JOANN ADAIR	MEMBER	0.25	Director	$0	$0	$0
MELVIN DUNLAP	MEMBER	0.25	Director	$0	$0	$0
LYN JOSTES	MEMBER	0.25	Director	$0	$0	$0
LAURA MCCOY	MEMBER	0.25	Director	$0	$0	$0
BRITTANY MELTON	BINGO CHAIR-MEMBER	1.00	Director	$0	$0	$0
DR RON BRIGGS	MEMBER	0.25	Director	$0	$0	$0
TR FLETCHER	MEMBER	0.25	Director	$0	$0	$0
TOM KYLE	MEMBER	0.25	Director	$0	$0	$0
DR PAM MOORE	MEMBER	0.25	Director	$0	$0	$0
ROBIN PHILLIPS	MEMBER	0.25	Director	$0	$0	$0
BLAKE UTTER	MEMBER	0.25	Director	$0	$0	$0
DR MOLLY HARRIS	VICE PRESIDENT OF COMMUNITY ENGAGEMENT	1.00	Director	$0	$19,307	$128,640

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	$2,909,993	$922,128	$26,637,915	$1,987,865
2024	$2,434,645	$824,527	$23,731,128	$1,610,118
2023	$1,682,259	$626,674	$20,276,340	$1,055,585
2022	$3,789,664	$666,880	$18,934,161	$3,122,784
2021	$2,102,072	$526,491	$20,063,592	$1,575,581
2020	$1,421,964	$748,738	$17,113,372	$673,226
2019	$2,343,794	$593,133	$16,120,389	$1,750,661
2018	$1,050,925	$621,836	$14,824,212	$429,089