PENINSULA 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

1996

Legal Domicile

Principal Officer

JEANNE MARTIN

Phone

3604176400

Tax Period

2023-07-01 to 2024-06-30

PENINSULA COLLEGE FOUNDATION, founded in 1996, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $1.7M exceeded revenue, resulting in a 20% operating deficit.

Mission

CREATING ACCESS, EXCELLENCE AND SUCCESS FOR THE PENINSULA COLLEGE COMMUNITY BY PROVIDING FUNDS FOR STUDENTS AND PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $762,955

PENINSULA COLLEGE FOUNDATION MANAGES 25 ENDOWMENTS AND NEARLY 150 INDIVIDUAL PROGRAM AND SCHOLARSHIP FUNDS. MOST SCHOLARSHIPS APPLY TO ANY FINANCIAL-AID ELIGIBLE EXPENSE. EMERGENCY SUPPORT HAS BECOME A HALLMARK OF THE PC FOUNDATION, PROVIDING ESSENTIAL SUPPORT TO STUDENTS EXPERIENCING UNEXPECTED FINANCIAL EMERGENCIES THAT THREATEN TO DERAIL THEIR EDUCATION. IN ADDITION TO SUPPORTING NEW AND EXISTING PROGRAMS, THIS YEAR INCLUDED ADDITIONAL SCHOLARSHIPS TO SUPPORT ENROLLMENT IN NEWLY LAUNCHED PROGRAMS, CERTIFICATES, AND DEGREES.

Program 2

Expenses: $794,097

FOUNDATION AWARDS FOR STUDENTS AND PROGRAMS COME FROM ENDOWMENT EARNINGS AND DONOR/PARTNER GIVING AND ALIGN WITH PENINSULA COLLEGE'S STRATEGIC GOALS. THIS YEAR'S GRANTS PRIMARILY SUPPORTED FACULTY...

FOUNDATION AWARDS FOR STUDENTS AND PROGRAMS COME FROM ENDOWMENT EARNINGS AND DONOR/PARTNER GIVING AND ALIGN WITH PENINSULA COLLEGE'S STRATEGIC GOALS. THIS YEAR'S GRANTS PRIMARILY SUPPORTED FACULTY RESEARCH/PROFESSIONAL DEVELOPMENT, EMERGENCY FUNDING FOR STUDENTS, ENROLLMENT IN NEWLY LAUNCHED PROGRAMS, TRANSITIONAL STUDIES (FOR STUDENTS SEEKING A HIGH SCHOOL DIPLOMA), TESTING FEES, COMMUNITY OUTREACH, AND ALLIED HEALTH PROGRAMS.

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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 $1,044,989

Program Service Revenue $0

Investment Income $407,830

Other Revenue $0

TOTAL REVENUE $1,452,819

Expense Breakdown

Grants Paid $1,336,545

Salaries & Benefits $95,602

Fundraising Expenses $72,690

Program Expenses $1,557,052

Other Expenses $315,757

TOTAL EXPENSES $1,747,904

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,452,819	$1,575,817	-0.1%
Expenses	$1,747,904	$1,026,941	+0.7%
Net Income	$-295,085	$548,876	-1.5%

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

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

$161,218

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL CUNNINGHAM	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
JEANNE MARTIN	CO-TREASURER	2.00	Officer Director	$0	$0	$0
RAY GRUVER	CO-TREASURER	2.00	Officer Director	$0	$0	$0
DAVE NEUPERT	BOARD MEMBER	0.50	Director	$0	$0	$0
S BROOKE TAYLOR	EMERITUS	0.50	Director	$0	$0	$0
KATHY CHARLTON	PRESIDENT	2.00	Officer Director	$0	$0	$0
JIM WALTON	BOARD MEMBER	0.50	Director	$0	$0	$0
VALERIE FRATUS	SECRETARY	2.00	Officer Director	$0	$0	$0
BRIDGETTE GRAHAM	BOARD MEMBER	0.50	Director	$0	$0	$0
ELLIE POLK	BOARD MEMBER	0.50	Director	$0	$0	$0
GETTA WORKMAN	PRIOR EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$112,052
CHERYL CRANE	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$49,166

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	$1,452,819	$1,747,904	$7,712,622	$-295,085
2023	$1,575,817	$1,026,941	$7,684,573	$548,876
2022	$1,449,071	$854,839	$6,892,393	$594,232
2021	$1,336,997	$958,443	$7,388,665	$378,554
2020	$1,192,093	$1,038,185	$6,205,264	$153,908
2019	$1,875,491	$1,036,732	$5,814,902	$838,759