GRAYSON COLLEGE FOUNDATION (EIN 752436355) - 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

1991

Legal Domicile

Principal Officer

CAROLYN KASDORF

Phone

9034656030

Tax Period

2023-09-01 to 2024-08-31

GRAYSON COLLEGE FOUNDATION, founded in 1991, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 66% operating margin.

Mission

SECURE RESOURCES FOR GRAYSON 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 (2023)

Revenue Breakdown

Contributions & Grants $1,552,259

Program Service Revenue $0

Investment Income $915,967

Other Revenue $-33,581

TOTAL REVENUE $2,434,645

Expense Breakdown

Grants Paid $589,080

Salaries & Benefits $0

Fundraising Expenses $52,218

Program Expenses $623,333

Other Expenses $235,447

TOTAL EXPENSES $824,527

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,434,645	$1,682,259	+0.4%
Expenses	$824,527	$626,674	+0.3%
Net Income	$1,610,118	$1,055,585	+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

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

$647,624

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JEREMY P MCMILLEN	PRESIDENT	1.00	Director	$0	$51,807	$325,317
CAROLYN KASDORF	VICE PRESIDENT BUSINESS SERVICES	1.00	Director	$0	$22,375	$170,711
RANDY TRUXAL	EXECUTIVE DIRECTOR	40.00	Director	$0	$20,645	$151,596
PHIL ROETHER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RANDY HOPKINS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
AMBER LESTER	SECRETARY	1.00	Officer Director	$0	$0	$0
DIANA WILLIAMS	GOLF COMMITTEE CHAIR	1.00	Director	$0	$0	$0
DEBBIE PLYLER	TRUSTEE REPRESENTATIVE	1.00	Director	$0	$0	$0
WADE GRAVES	FACULTY REPRESENTATIVE - PARTIAL	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	MEMBER	0.25	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	$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

GRAYSON COLLEGE FOUNDATION