HARFORD COUNTY EDUCATION FOUNDATIO… - Form 990 Financial Data

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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

DEBORA MERLOCK

Phone

4103227743

Tax Period

2023-07-01 to 2024-06-30

HARFORD COUNTY EDUCATION FOUNDATION INC, founded in 2004, is a small nonprofit in the Education sector that reported $218K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $244K exceeded revenue, resulting in a 12% operating deficit.

Mission

HARFORD COUNTY EDUCATION FOUNDATION INVESTS IN THE SUCCESS OF OUR STUDENTS BY PROVIDING EDUCATIONAL RESOURCES TO PROVIDE EVERY CHILD, REGARDLESS OF BACKGROUND, FAMILY STRUCTURE OR ECONOMIC STATUS, THE OPPORTUNITY TO ACHIEVE PERSONAL SUCCESS

Program Service Accomplishments

Program 1

Expenses: $15,605

HARFORD COUNTY EDUCATION FOUNDATION, INC. AWARDED FIVE COLLEGE SCHOLARSHIPS DURING THE FISCAL YEAR ENDED JUNE 30, 2024.

Program 2

Expenses: $94,371

TOOLS FOR SCHOOLS - TOOLS FOR SCHOOLS IS A SCHOOL SUPPLY RESOURCE CENTER WHERE TEACHERS CAN SHOP FOR FREE FOR THE LEARNING MATERIALS FOR STUDENTS IN NEED. WITH EVERYONE CONTRIBUTING TO A CENTRAL...

TOOLS FOR SCHOOLS - TOOLS FOR SCHOOLS IS A SCHOOL SUPPLY RESOURCE CENTER WHERE TEACHERS CAN SHOP FOR FREE FOR THE LEARNING MATERIALS FOR STUDENTS IN NEED. WITH EVERYONE CONTRIBUTING TO A CENTRAL RESOURCE CENTER, WE CAN ENSURE THAT EVERY CHILD IN NEED IS SERVED. AND TEACHERS KNOW BEST WHICH STUDENTS ARE WITHOUT THE SCHOOLS SUPPLIES THEY NEED FOR EDUCATIONAL SUCCESS.

Program 3

Expenses: $48,452

CLASSROOM INNOVATION GRANTS - THE ORGANIZATION'S SCHOOL AND CLASSROM ENRICHMENT PROGRAM PROVIDES FUNDING OPPORTUNITIES FOR EDUCATORS TO CREATE INNOVATIVE AND EXCITING EDUCATIONAL PROGRAMS OR PROJECTS...

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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 $241,427

Program Service Revenue $3,430

Investment Income $463

Other Revenue $-26,884

TOTAL REVENUE $218,436

Expense Breakdown

Grants Paid $138,180

Salaries & Benefits $74,709

Fundraising Expenses $2,422

Program Expenses $185,889

Other Expenses $31,165

TOTAL EXPENSES $244,054

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,436	$239,573	-0.1%
Expenses	$244,054	$208,739	+0.2%
Net Income	$-25,618	$30,834	-1.8%

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

Volunteers

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

$62,500

Total Directors