HALIFAX COUNTY PUBLIC SCHOOLS EDUCATION FOUNDATION INC (EIN 202098518) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

RICHARD O HARRELL IV

Phone

4344765529

Tax Period

2024-07-01 to 2025-06-30

HALIFAX COUNTY PUBLIC SCHOOLS EDUCATION FOUNDATION INC, founded in 2005, is a small nonprofit in the Education sector that reported $298K in total revenue in fiscal year 2020. The organization ran a surplus of $204K, a strong 68% operating margin.

Mission

RAISE FUNDS FOR SPECIAL PROJECTS FOR THE HALIFAX COUNTY SCHOOL DIVISION

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $119,978

Program Service Revenue $0

Investment Income $1,249

Other Revenue $2,446

TOTAL REVENUE $123,673

Expense Breakdown

Grants Paid $108,190

Salaries & Benefits $21,628

Fundraising Expenses $0

Program Expenses $109,368

Other Expenses $1,178

TOTAL EXPENSES $130,996

Year-over-Year Comparison

	2024	2023	Change
Revenue	$123,673	$107,575	+0.1%
Expenses	$130,996	$330,358	-0.6%
Net Income	$-7,323	$-222,783	-1.0%

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	Role	Reportable Comp	Other Comp	Total
W W BENNET JR	DIRECTOR	Director	$0	$0	$0
RICHARD HARRELL IV	TREASURER	Director	$0	$0	$0
TODD BLANKS	DIRECTOR	Director	$0	$0	$0
JOHN HAYES	DIRECTOR	Director	$0	$0	$0
DEREK MASON	DIRECTOR	Director	$0	$0	$0
RYLAND CLARK	DIRECTOR	Director	$0	$0	$0
RONNIE PANNELL	DIRECTOR	Director	$0	$0	$0
NED COVINGTON	PRESIDENT	Director	$0	$0	$0
COLEMAN SPEECE	DIRECTOR	Director	$0	$0	$0
STEVEN CRUTCHFIELD	DIRECTOR	Director	$0	$0	$0
STEPHANIE STATON	SECRETARY	Director	$0	$0	$0
DAVID DUNN	DIRECTOR	Director	$0	$0	$0
AMY HUSKIN	EX-OFFICIO	Director	$0	$0	$0
DEBBIE FERGUSON	DIRECTOR	Director	$0	$0	$0
LISA FRANCISCO	DIRECTOR	Director	$0	$0	$0
ALAN GRAVITT	DIRECTOR	Director	$0	$0	$0
RONNIE MOORE	DIRECTOR	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	$123,673	$130,996	$281,292	$-7,323
2024	$107,575	$330,358	$288,615	$-222,783
2023	$327,501	$233,360	$511,398	$94,141
2022	$321,196	$349,638	$417,257	$-28,442
2021	$297,971	$94,414	$445,699	$203,557

HALIFAX COUNTY PUBLIC SCHOOLS EDUCATION FOUNDATION INC