Cuyahoga Community College Foundation

What it reported doing in 2024

Educational development: tri-c foundation supports developing and enhancing educational programs in response to workforce and student needs. A tri-c education is designed to meet the educational, cultural and economic needs of our communities through innovative programming, especially for high demand careers in creative arts, hospitality management, information technology, manufacturing, nursing and health professions, and public safety. High-quality, industry-relevant courses, and comprehensive, hands-on training ensure that students gain a competitive edge to prepare for success in today's job market. Tri-c programs align with key areas that anticipate future job growth; graduate workers with the skills local employers seek; (continued on schedule o)demonstrate high success rates; use state of-the-art facilities; and receive national recognition.tri-c is among the nation's top 150 community colleges, according to the aspen institute college excellence program. College-wide initiatives are increasing graduation rates, and the number of workforce credentials awarded annually. Charitable investments help to grow resources that address equity gaps in success and completion, such as expanding campus food pantries and maintaining a student emergency fund to cover crisis expenses. Helping students to prepare for a career after completion is a priority, through paid internships and work readiness grants to purchase essential work tools or equipment.

Financial Efficiency

• Mission deployment rate: 95%; rating input score 95
• Program expense ratio: 91.7%; rating input score 92
• Fundraising efficiency: $16.49 raised per $1 spent on fundraising; rating input score 52; 52nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 6 of 7 controls in place; rating input score 86
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 17.9%; rating input score 80; 80th percentile among comparable filings
• Total-asset coverage ratio: 11.44; rating input score 92; 92nd percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 90; 90th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 96; 96th percentile among comparable filings

Growth

• Program expense growth: 5.9% per year; rating input score 100; 49th percentile among comparable filings
• Revenue growth: -0% per year; rating input score 0; 8th percentile among comparable filings
• Asset growth: 5.1% per year; rating input score 100; 36th percentile among comparable filings