Red Oak ISD Education Foundation In (EIN 050523972) - 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

2002

Legal Domicile

Principal Officer

Karen Stanfill

Tax Period

2023-01-01 to 2023-12-31

Red Oak ISD Education Foundation In, founded in 2002, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $357K in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $331K left a modest 7% surplus.

Mission

The mission of the Education Foundation is to generate and distribute resources for innovative and creative programs and projects of Red Oak ISD that enhance the quality of education and provide students with opportunities they may not otherwise experience.

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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 $206,597

Program Service Revenue $0

Investment Income $27,208

Other Revenue $123,369

TOTAL REVENUE $357,174

Expense Breakdown

Grants Paid $262,475

Salaries & Benefits $0

Fundraising Expenses $10,168

Program Expenses $286,431

Other Expenses $68,387

TOTAL EXPENSES $330,862

Year-over-Year Comparison

	2023	2022	Change
Revenue	$357,174	$227,792	+0.6%
Expenses	$330,862	$191,912	+0.7%
Net Income	$26,312	$35,880	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charmin McKee	Trustee	2.00	Director	$0	$0	$0
Sherelle Shaw	Trustee	2.00	Director	$0	$0	$0
Johnny Knight	Trustee	2.00	Director	$0	$0	$0
Rhonda Landrum	Vice President	2.00	Director	$0	$0	$0
Amelia Trojacek	Trustee	2.00	Director	$0	$0	$0
Raquel Moore	Trustee	2.00	Director	$0	$0	$0
Brandi Shelley	Trustee	2.00	Director	$0	$0	$0
Dawn Tunnell	Trustee	2.00	Director	$0	$0	$0
Melonye Batson	Trustee	2.00	Director	$0	$0	$0
Marcus Balch	Trustee	2.00	Director	$0	$0	$0
Terressa Chandler	Trustee	2.00	Director	$0	$0	$0
Monique Ballard	Trustee	2.00	Officer Director	$0	$0	$0
Lynne Grandstaff	Secretary	2.00	Officer Director	$0	$0	$0
Karen Stanfill	Treasurer	2.00	Officer Director	$0	$0	$0
Brenda Stanford	Superintendent	2.00	Officer Director	$0	$0	$0
Donny Lutrick	President	2.00	Officer Director	$0	$0	$0
Cindy Harvey	Trustee	2.00	Officer Director	$0	$0	$0
Karen Anderson	Exec Director	40.00	Officer	$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	No data	No data	No data	No data
2023	$357,174	$330,862	$1,459,266	$26,312
2022	$227,792	$191,912	$1,267,590	$35,880
2021	$185,113	$118,391	$1,466,555	$66,722
2020	$216,574	$164,461	$1,256,456	$52,113
2019	$179,860	$119,349	$1,093,238	$60,511
2018	$168,671	$193,757	$890,350	$-25,086

Red Oak ISD Education Foundation In