TATE'S SCHOOL OF DISCOVERY FOUNDATION (EIN 161650137) - 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

TRACEY VAN HOOK

Phone

8656933021

Tax Period

2024-01-01 to 2024-12-31

TATE'S SCHOOL OF DISCOVERY FOUNDATION, founded in 2002, is a micro nonprofit in the Education sector that reported $47K in total revenue in fiscal year 2024. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $121K exceeded revenue, resulting in a 158% operating deficit.

Mission

TATE'S SCHOOL OF DISCOVERY FOUNDATION WAS FORMED FOR EDUCATIONAL AND CHARITABLE PURPOSES IN CONNECTION WITH TATE'S SCHOOL OF DISCOVERY TO PROVIDE TEACHER STIPENDS, LIBRARY RESOURCES, AND SCHOLARSHIPS FOR STUDENTS WHO OTHERWISE COULD NOT ATTEND THE 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 $45,103

Program Service Revenue $0

Investment Income $621

Other Revenue $1,005

TOTAL REVENUE $46,729

Expense Breakdown

Grants Paid $98,754

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $118,202

Other Expenses $21,948

TOTAL EXPENSES $120,702

Year-over-Year Comparison

	2024	2023	Change
Revenue	$46,729	$213,501	-0.8%
Expenses	$120,702	$2,026	+58.6%
Net Income	$-73,973	$211,475	-1.3%

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

120

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
TRACEY VAN HOOK	EXECUTIVE DI	2.00	Officer	$0	$0	$0
LOU L TATE	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOE G TATE	SECRETARY	2.00	Officer Director	$0	$0	$0
REBECCA PRESTON	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN SMALL	DIRECTOR	0.50	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	$46,729	$120,702	$314,670	$-73,973
2023	$213,501	$2,026	$385,034	$211,475

TATE'S SCHOOL OF DISCOVERY FOUNDATION