GILLETTE 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

1987

Legal Domicile

Principal Officer

CHARLENE CAMBLIN

Phone

3076816400

Tax Period

2023-07-01 to 2024-06-30

GILLETTE COLLEGE FOUNDATION, founded in 1987, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $278K, a strong 18% operating margin.

Mission

TO ENHANCE THE OFFERINGS AND OPERATIONS OF THE GILLETTE CAMPUS, TO PROVIDE FUNDING FOR SPECIFIC PROJECTS THAT SUPPORT THE GILLETTE CAMPUS, INCLUDING STUDENT AID, EQUIPMENT AND FACILITIES.

Program Service Accomplishments

Program 1

Expenses: $286,540 Revenue: $124,879

THE FOUNDATION SOLICITS DONATIONS FOR SCHOLARSHIPS AND PAYS THE FUNDS OUT TO DESIGNATED RECIPIENTS. THE FOUNDATION ENSURES THAT THE SCHOLARSHIPS ARE AWARDED TO QUALIFIED STUDENTS IN THE DESIGNATED...

THE FOUNDATION SOLICITS DONATIONS FOR SCHOLARSHIPS AND PAYS THE FUNDS OUT TO DESIGNATED RECIPIENTS. THE FOUNDATION ENSURES THAT THE SCHOLARSHIPS ARE AWARDED TO QUALIFIED STUDENTS IN THE DESIGNATED PROGRAMS, ACCORDING TO THE PURPOSE OF THE VARIOUS FUNDS.

Program 2

Expenses: $269,962

PROVIDED GILLETTE COLLEGE WITH EQUIPMENT TO PROVIDE THEIR STUDENTS WITH THE OPPORTUNITY TO LEARN USING THE LATEST TECHNOLOGIES. ALSO PROVIDED SUPPORT OF SALARY AND BENEFITS FOR ENDOWED EDUCATION...

PROVIDED GILLETTE COLLEGE WITH EQUIPMENT TO PROVIDE THEIR STUDENTS WITH THE OPPORTUNITY TO LEARN USING THE LATEST TECHNOLOGIES. ALSO PROVIDED SUPPORT OF SALARY AND BENEFITS FOR ENDOWED EDUCATION CHAIR, VETERANS SERVICES DIRECTOR, AND MISCELLANEOUS TECH EQUIPMENT.

Program 3

Expenses: $96,453

PROVIDE BOOSTER CLUB SUPPORT.

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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 $1,169,413

Program Service Revenue $124,879

Investment Income $196,888

Other Revenue $62,693

TOTAL REVENUE $1,553,873

Expense Breakdown

Grants Paid $652,955

Salaries & Benefits $74,508

Fundraising Expenses $115,731

Program Expenses $858,075

Other Expenses $548,386

TOTAL EXPENSES $1,275,849

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,553,873	$1,402,061	+0.1%
Expenses	$1,275,849	$1,165,316	+0.1%
Net Income	$278,024	$236,745	+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

$109,166

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEIDI GROSS	EXECUTIVE DI	40.00	Officer	$0	$12,051	$109,166
TONI BELL	DIRECTOR	2.00	Director	$0	$0	$0
CHARLENE CAMBLIN	PRESIDENT	2.00	Officer Director	$0	$0	$0
KAREN CLARKE	DIRECTOR	2.00	Director	$0	$0	$0
RYAN CONKLIN	DIRECTOR	2.00	Director	$0	$0	$0
TAD DALY	DIRECTOR	2.00	Director	$0	$0	$0
TOM DILLON	DIRECTOR	2.00	Director	$0	$0	$0
TOBY GORSUCH	DIRECTOR	2.00	Director	$0	$0	$0
DAVID HORNING	DIRECTOR	2.00	Officer Director	$0	$0	$0
LORI HUBBARD	SECRETARY	2.00	Officer Director	$0	$0	$0
DON MCKILLOP JR	DIRECTOR	2.00	Director	$0	$0	$0
JEAN KINGAN	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN KNESEL	DIRECTOR	2.00	Director	$0	$0	$0
STEVE LAAKSO	DIRECTOR	2.00	Director	$0	$0	$0
MAGGI MCCREERY	TREASURER	2.00	Officer Director	$0	$0	$0
NATHAN MCLELAND	DIRECTOR	2.00	Director	$0	$0	$0
HOLLY SCHAMBER	DIRECTOR	2.00	Director	$0	$0	$0
LAUREL VICKLUND	DIRECTOR	2.00	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
2025	No data	No data	No data	No data
2024	$1,553,873	$1,275,849	$16,477,157	$278,024
2023	$1,402,061	$1,165,316	$15,193,630	$236,745
2022	$2,866,276	$974,606	$13,856,897	$1,891,670
2021	$1,256,122	$924,520	$14,117,386	$331,602
2020	$1,299,723	$1,561,990	$12,445,841	$-262,267
2019	$1,316,889	$1,180,288	$12,870,635	$136,601
2018	$3,709,946	$1,000,613	$13,174,534	$2,709,333