Swain Community Education Foundation Inc (EIN 113688272) - 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

2004

Legal Domicile

Principal Officer

Tracy Wharton

Phone

8284881222

Tax Period

2024-07-01 to 2025-06-30

Swain Community Education Foundation Inc, founded in 2004, is a micro nonprofit in the Education sector that reported $94K in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. Net assets of $1.0M represent 127 months of operating reserves.

Mission

Support Mountain Discovery Charter School.

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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 $26,087

Program Service Revenue $68,381

Investment Income $0

Other Revenue $0

TOTAL REVENUE $94,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $102,269

Other Expenses $102,269

TOTAL EXPENSES $102,269

Year-over-Year Comparison

	2024	2023	Change
Revenue	$94,468	$255,641	-0.6%
Expenses	$102,269	$160,731	-0.4%
Net Income	$-7,801	$94,910	-1.1%

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

$156,390

Total Directors

$225,312

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tracy Wharton	Director of Student Services/Accountability	002.00	Officer Director	$0	$0	$72,210
Crim Bassett	Director of HR and Operations	002.00	Director	$0	$0	$68,922
Billie Clemens	Director of Teaching/Learning	002.00	Officer Director	$0	$0	$63,730
Carter Petty	CFO	002.00	Officer Director	$0	$0	$20,450
Dr Dan Mackey	Physician	002.00	Officer Director	$0	$0	$0
Jen Pearson	Chair	002.00	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
2025	$94,468	$102,269	$3,177,161	$-7,801
2024	$255,641	$160,731	$3,233,613	$94,910
2023	$138,643	$158,915	$3,186,225	$-20,272
2022	$128,378	$182,893	$3,256,397	$-54,515
2021	$152,649	$193,513	$3,354,494	$-40,864
2020	$213,965	$155,473	$3,437,928	$58,492
2019	$177,632	$134,378	$3,454,092	$43,254

Swain Community Education Foundation Inc