CARTERET COUNTY PUBLIC SCHOOL FOUNDATION (EIN 200433635) - 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

2010

Legal Domicile

Principal Officer

PERRY HARKER

Phone

2527284832

Tax Period

2024-01-01 to 2024-12-31

CARTERET COUNTY PUBLIC SCHOOL FOUNDATION, founded in 2010, is a small nonprofit in the Education sector that reported $575K in total revenue in fiscal year 2024. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $170K, a strong 29% operating margin.

Mission

IT IS THE MISSION OF THE CARTERET COUNTY PUBLIC SCHOOL FOUNDATION TO SUPPORT THE STUDENTS, EDUCATORS, SCHOOLS, AND EDUCATIONAL PROGRAMS OF THE CARTERET COUNTY BOARD OF EDUCATION. IN ACHIEVING THIS MISSION, THE FOUNDATION WILL PROVIDE SCHOLARSHIPS TO STUDENTS, GIVE FELLOWSHIPS AND AWARDS TO EDUCATORS FOR OUTSTANDING PERFORMANCE, PURCHASE SCHOOL SUPPLIES AND EQUIPMENT AND ENHANCE THE EDUCATIONAL PROGRAMS WITHIN THE CARTERET COUNTY PUBLIC SCHOOL SYSTEM.

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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 $566,294

Program Service Revenue $0

Investment Income $9,111

Other Revenue $0

TOTAL REVENUE $575,405

Expense Breakdown

Grants Paid $322,295

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $405,822

Other Expenses $83,527

TOTAL EXPENSES $405,822

Year-over-Year Comparison

	2024	2023	Change
Revenue	$575,405	$307,502	+0.9%
Expenses	$405,822	$197,001	+1.1%
Net Income	$169,583	$110,501	+0.5%

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

$62,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERICA JONES	DEVELOPMENT	40.00	Director	$62,500	$0	$62,500
BROOKE CASH	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN CHADWICK	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY HARRELL	DIRECTOR	1.00	Director	$0	$0	$0
JEANNE HUNTLEY	DIRECTOR	1.00	Director	$0	$0	$0
TOM KIES	DIRECTOR	1.00	Director	$0	$0	$0
APRIL LILLEY	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS MCCUTCHEON	DIRECTOR	1.00	Director	$0	$0	$0
TABITHA ANN NANCE	DIRECTOR & S	1.00	Officer Director	$0	$0	$0
RICHARD PAYLOR	EX-OFFICIO M	1.00	Director	$0	$0	$0
JENNIFER PERRYMAN	EX-OFFICIO M	1.00	Director	$0	$0	$0
ERIN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
ED STACK	DIRECTOR	1.00	Director	$0	$0	$0
NEIL WHITFORD	DIRECTOR	1.00	Director	$0	$0	$0
PERRY HARKER	PRESIDENT	1.00	Officer	$0	$0	$0
CHARLES OLIVER II	VICE CHAIR	1.00	Officer	$0	$0	$0
BRADFORD PINER	TREASURER	1.00	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	$575,405	$405,822	$843,456	$169,583
2023	$307,502	$197,001	$673,873	$110,501
2022	$358,447	$309,909	$563,372	$48,538
2021	$424,669	$252,015	$514,834	$172,654
2020	$181,248	$180,304	$342,180	$944
2019	$238,190	$340,642	$341,236	$-102,452
2018	$598,941	$347,868	$443,688	$251,073

CARTERET COUNTY PUBLIC SCHOOL FOUNDATION