TRUCKEE MEADOWS COMMUNITY COLLEGE FOUNDATION

EIN: 880185319 501(c)(3) Education

Reno, NV

Total Revenue
$3,064,746
Total Expenses
$3,366,248
Total Assets
$7,062,135
Net Assets
$6,711,586
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
NV
Tax Period
2023-07-01 to 2024-06-30

TRUCKEE MEADOWS COMMUNITY COLLEGE FOUNDATION, founded in 1982, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Net assets of $6.7M represent 26 months of operating reserves.

Mission

THE FOUNDATION SUPPORTS TMCC BY CULTIVATING RELATIONSHIPS WITH ALUMNI, DONORS, AND BUSINESSES TO GENERATE FINANCIAL SUPPORT FOR COLLEGE PROGRAMS AND STUDENT SCHOLARSHIPS, BUILD SUSTAINING ENDOWMENT FUNDS, AND LEAD CAPITAL EXPANSION TO DEVELOP A THRIVING STATE-OF-THE-ART 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,786,468
Program Service Revenue $0
Investment Income $278,278
Other Revenue $0
TOTAL REVENUE $3,064,746

Expense Breakdown

Grants Paid $3,231,040
Salaries & Benefits $0
Fundraising Expenses $48,308
Program Expenses $3,231,040
Other Expenses $135,208
TOTAL EXPENSES $3,366,248

Year-over-Year Comparison

2023 2022 Change
Revenue $3,064,746 $2,420,034 +0.3%
Expenses $3,366,248 $3,128,910 +0.1%
Net Income $-301,502 $-708,876 -0.6%
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

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
N/A

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
4
$224,506
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GRETCHEN SAWYER EXECUTIVE DIRECTOR 20.00
Officer
$0 $54,297 $224,506
DANNY DELAVEAGA BOARD MEMBER 2.00
Director
$0 $0 $0
JEFF FRAME BOARD MEMBER 2.00
Director
$0 $0 $0
CHERYL LEWIS BOARD MEMBER 2.00
Director
$0 $0 $0
JESSICA MONTENEGRO BOARD MEMBER 2.00
Director
$0 $0 $0
SANDEEP RANDHAWA BOARD MEMBER 2.00
Director
$0 $0 $0
ZEINA RANDALL BOARD MEMBER 2.00
Director
$0 $0 $0
DAN LOFRESE BOARD MEMBER 2.00
Director
$0 $0 $0
KATY SIMON HOLLAND BOARD MEMBER 2.00
Director
$0 $0 $0
MINDY LOKSHIN PAST CHAIR 2.00
Director
$0 $0 $0
FRED ALTMANN BOARD MEMBER 2.00
Director
$0 $0 $0
GIGI CHISEL BOARD MEMBER 2.00
Director
$0 $0 $0
YANUS NELSON CHAIR 3.00
Officer Director
$0 $0 $0
MATT THORNTON VICE CHAIR 3.00
Officer Director
$0 $0 $0
RYAN COSTELLA TREASURER 3.00
Officer 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 $3,064,746 $3,366,248 $7,062,135 $-301,502
2023 $2,420,034 $3,128,910 $7,352,264 $-708,876
2022 $6,276,531 $3,591,044 $7,710,743 $2,685,487
2021 $3,119,437 $2,134,651 $4,471,323 $984,786
2020 $2,241,781 $3,859,897 $3,287,595 $-1,618,116
2019 $2,081,082 $2,164,853 $4,821,600 $-83,771
2018 $1,125,763 $1,098,016 $4,832,690 $27,747
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