Walters State Community College Foundation
Nonprofit profile at a glance
- EIN
- 510162364
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Morristown, TN, USA
- Phone
- 4235852629
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community or Junior Colleges
Reported finances
- Revenue
- $2,306,116
- Expenses
- $2,016,721
- Assets
- $25,758,630
- Liabilities
- $7,866
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Tony Miksa (President Walters State Community College)
- Mark Hurst (Treasurer and Vice President Business and Finance Walters State Community College)
- Angela Smith (Vice President for Student Affairs)
- James Pectol (Vice President Communications and Marketing)
- Brock Fisher (Vice President Academic Affairs)
- Sharon Greene (Foundation President)
Highest reported compensation
- Tony Miksa (President Walters State Community College): $248,821 total reported compensation
- Mark Hurst (Treasurer and Vice President Business and Finance Walters State Community College): $148,456 total reported compensation
- Angela Smith (Vice President for Student Affairs): $142,092 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
It is the mission of Walters State Community College Foundation to promote and support literary, scientific, educational scholarship, research, charitable and development purposes and objectives at Walters State Community College, and to achieve results as a 501(c)3 public charity consistent with the laws of the State of Tennessee and the Internal Revenue Service.
What it reported doing in 2024
Supported Walters State Community College with payments to or on behalf of the college in support of their mission that included campus and instructional improvements.
Operating model
- Revenue model
- Donor-supported. 92% of the money available for current operations came from contributions and gifts.
- Distribution model
- Affiliate network. The nonprofit sent 60% of its reported program spending through affiliated organizations.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 69
- Accountability: 85
- Sustainability: 70
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.2%; rating input score 86
- Program expense ratio: 97.6%; rating input score 98
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 20th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- 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: 92.5%; rating input score 92; 23rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 12.5%; rating input score 67; 67th percentile among comparable filings
- Total-asset coverage ratio: 12.77; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 94; 94th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: 8.3% per year; rating input score 100; 57th percentile among comparable filings
- Revenue growth: -0.6% per year; rating input score 0; 10th percentile among comparable filings
- Asset growth: 3.7% per year; rating input score 100; 28th percentile among comparable filings
Details
- Where the money goes: 86.2% of revenue deployed · 97.6% of spending went to programs
- Governance: 49 of 53 board members independent · 6 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $2M in reported program spending
- Leadership: top reported pay $249K · 8 people listed · 0 of 6 pay-setting controls reported
- Consistency: 43 of 44 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.