CARTHAGE ISD EDUCATION FOUNDATION (EIN 020605405) - Form 990 Financial Analysis & Trantor Score

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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

2001

Legal Domicile

Principal Officer

Cynthia Harkrider

Phone

9036933806

Tax Period

2024-01-01 to 2024-12-31

CARTHAGE ISD EDUCATION FOUNDATION, founded in 2001, is a small nonprofit in the Education sector that reported $314K in total revenue in fiscal year 2024. Revenue surged 232% from the prior year, signaling strong growth momentum. Net assets of $2.0M represent 77 months of operating reserves.

Mission

To provide enhanced educational opportunities to those served by the local school district.

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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 $257,993

Program Service Revenue $22,062

Investment Income $33,884

Other Revenue $0

TOTAL REVENUE $313,939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $280,285

Other Expenses $306,067

TOTAL EXPENSES $306,067

Year-over-Year Comparison

	2024	2023	Change
Revenue	$313,939	$94,587	+2.3%
Expenses	$306,067	$271,412	+0.1%
Net Income	$7,872	$-176,825	-1.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sallie Lipsey	President	5.00	Officer Director	$0	$0	$0
Mary Ella Sherman	V President	1.00	Officer Director	$0	$0	$0
Kevin Smith	V President	1.00	Officer Director	$0	$0	$0
Jarrod Bitter	Secretary	1.00	Officer Director	$0	$0	$0
Matt Pool	Treasurer	1.00	Officer Director	$0	$0	$0
Jerry Hanszen	Director at Large	0.00	Director	$0	$0	$0
Jim Payne	Director at Large	0.00	Director	$0	$0	$0
Tate Barber	Director at Large	0.00	Director	$0	$0	$0
John C Ray	Director at Large	0.00	Director	$0	$0	$0
Paul Beatty	Director	0.00	Director	$0	$0	$0
Warren Biggs	Director	0.00	Director	$0	$0	$0
Gina Sue Bradley	Director	0.00	Director	$0	$0	$0
Sherry Brewster	Director	0.00	Director	$0	$0	$0
Christie Chandler	Director	0.00	Director	$0	$0	$0
Dr Ben Donald	Director	0.00	Director	$0	$0	$0
Gene Giles	Director	0.00	Director	$0	$0	$0
Kathleen Kruebbe	Director	0.00	Director	$0	$0	$0
Dr Wayne Kyle	Director	0.00	Director	$0	$0	$0
Misty Ladymon	Director	0.00	Director	$0	$0	$0
Stuart Lipsey	Director	0.00	Director	$0	$0	$0
Nancy Langford	Director	0.00	Director	$0	$0	$0
Rose Helen Reid	Director	0.00	Director	$0	$0	$0
Bobby Ritter	Director	0.00	Director	$0	$0	$0
Twink Ross	Director	0.00	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
2024	$313,939	$306,067	$2,020,237	$7,872
2023	$94,587	$271,412	$2,012,365	$-176,825
2022	$252,146	$214,950	$2,189,191	$37,196
2021	$192,670	$134,620	$2,151,995	$58,050
2020	$151,201	$52,444	$2,093,945	$98,757

CARTHAGE ISD EDUCATION FOUNDATION