NORTHEASTERN JUNIOR COLLEGE FOUND

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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

1980

Legal Domicile

Principal Officer

MATTIE HANEY

Phone

9705216603

Tax Period

2024-07-01 to 2025-06-30

NORTHEASTERN JUNIOR COLLEGE FOUND, founded in 1980, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 14% surplus.

Mission

TO PROVIDE SCHOLARSHIPS TO STUDENTS ATTENDING NORTHEASTERN JUNIOR COLLEGE AND TO PROVIDE GRANTS TO NORTHEASTERN JUNIOR COLLEGE FACULTY AND STAFF FOR EDUCATION OR CAMPUS IMPROVEMENTS.

Program Service Accomplishments

Program 1

Expenses: $591,021 Revenue: $20,000

PROVIDED SCHOLARSHIPS TO APPROXIMATELY 262 STUDENTS ATTENDING NORTHEASTERN JUNIOR COLLEGE.

Program 2

Expenses: $273,344

PROVIDED GRANTS TO NORTHEASTERN JUNIOR COLLEGE FACULTY AND STAFF, WITH GRANTS USED FOR EDUCATION OR IMPROVEMENTS TO THE COLLEGE CAMPUS.

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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 $831,006

Program Service Revenue $20,000

Investment Income $409,064

Other Revenue $-16,759

TOTAL REVENUE $1,243,311

Expense Breakdown

Grants Paid $752,484

Salaries & Benefits $97,819

Fundraising Expenses $31,782

Program Expenses $864,365

Other Expenses $223,719

TOTAL EXPENSES $1,074,022

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,243,311	$1,083,295	+0.1%
Expenses	$1,074,022	$1,094,587	0.0%
Net Income	$169,289	$-11,292	-16.0%

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

$64,876

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB CARPIO	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHIP STEGER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JOE PATTERSON	TREASURER	1.00	Officer Director	$0	$0	$0
MARK KOKES	TRUSTEE	1.00	Director	$0	$0	$0
KARLA ROSAS	TRUSTEE	1.00	Director	$0	$0	$0
RICH GERK	TRUSTEE	1.00	Director	$0	$0	$0
KELLY LOWERY	TRUSTEE	1.00	Director	$0	$0	$0
TODD THOMAS	TRUSTEE	1.00	Director	$0	$0	$0
BRITNEY WEERS	TRUSTEE	1.00	Director	$0	$0	$0
LYNDSEY KING	TRUSTEE	1.00	Director	$0	$0	$0
HEATHER BRUNGARDT	TRUSTEE	1.00	Director	$0	$0	$0
MATTIE HANEY	EXECUTIVE DI	40.00	Officer	$0	$16,747	$64,876

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	$1,243,311	$1,074,022	$10,682,153	$169,289
2024	$1,083,295	$1,094,587	$9,915,093	$-11,292
2023	$977,481	$947,813	$9,074,677	$29,668
2022	$855,792	$439,822	$8,538,506	$415,970
2021	$2,441,218	$545,595	$9,075,640	$1,895,623
2020	$957,955	$545,013	$7,191,862	$412,942
2019	$756,756	$648,168	$6,820,487	$108,588
2018	$835,205	$559,336	$6,687,455	$275,869