Galveston, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Galveston College Foundation, founded in 1996, is a community nonprofit in the Education sector that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 203% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 49% operating margin.
To support and enhance the ability of Galveston College to achieve its mission of advancing people's lives through lifelong learning.
The Foundation generates philanthropic support for the Galveston Community College District (the College), primarily emphasizing Universal Access. The Universal Access program provides scholarships...
The Foundation generates philanthropic support for the Galveston Community College District (the College), primarily emphasizing Universal Access. The Universal Access program provides scholarships to high school graduates in Galveston, Texas, regardless of their ability to pay, encouraging universal access to higher education. In addition to Universal Access, the Foundation solicits, invests, and manages funds to support the College's educational activities.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $3,262,568 | $1,077,669 | +2.0% |
| Expenses | $1,668,416 | $533,546 | +2.1% |
| Net Income | $1,594,152 | $544,123 | +1.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Keith McFatridge | Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Thomas Schwenk | Vice Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| S Benjamin Shabot | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Carol A Hodges | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Melanie Buck | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| James Clark | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Michael Cordray | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Elizabeth Lawhorn Cryder | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Philesha Evans | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| John Paul Gaido | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Jason Hardcastle | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Anna Hyatt | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Harris Kempner Jr | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Betty Massey | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Kyle McFatridge | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Walter J Meyer III | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Cynda Mullikin | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Reid Nelson | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Cynthia Smith | Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $3,262,568 | $1,668,416 | $28,413,500 | $1,594,152 |
| 2023 | $1,077,669 | $533,546 | $24,122,530 | $544,123 |
| 2022 | $7,009,018 | $460,680 | $22,851,553 | $6,548,338 |
| 2021 | $1,761,845 | $409,755 | $20,425,906 | $1,352,090 |
| 2020 | $769,158 | $423,582 | $16,609,784 | $345,576 |
| 2019 | $965,202 | $2,756,961 | $15,333,544 | $-1,791,759 |
| 2018 | $4,021,972 | $399,172 | $17,469,533 | $3,622,800 |
Compare Galveston College Foundation with other nonprofits in Texas and across the country.