BARREN COUNTY EDUCATIONAL FOUNDATION INC

EIN: 202351623 501(c)(3) Education

GLASGOW, KY

Total Revenue
$439,257
Total Expenses
$1,008,730
Total Assets
$1,679,000
Net Assets
$1,679,000
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
KY
Principal Officer
SARAH VINCENT
Phone
2706513787
Tax Period
2023-07-01 to 2024-06-30

BARREN COUNTY EDUCATIONAL FOUNDATION INC, founded in 2006, is a small nonprofit in the Education sector that reported $439K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $1.0M exceeded revenue, resulting in a 130% operating deficit.

Mission

THE PURPOSE OF THE ORGANIZATION IS FOR THE BETTERMENT AND FURTHER EDUCATIONAL ASSISTANCEOF THE STUDENTS WITHIN THE BARREN COUNTY SCHOOL SYSTEM, PAST ORPRESENT.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $384,551
Program Service Revenue $0
Investment Income $50,250
Other Revenue $4,456
TOTAL REVENUE $439,257

Expense Breakdown

Grants Paid $530,639
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $994,605
Other Expenses $478,091
TOTAL EXPENSES $1,008,730

Year-over-Year Comparison

2023 2022 Change
Revenue $439,257 $465,417 -0.1%
Expenses $1,008,730 $252,441 +3.0%
Net Income $-569,473 $212,976 -3.7%
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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Governance

Voting Members
6
Independent Members
6
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR JERRY RALSTON DIRECTOR 1.00
Director
$0 $0 $0
R BRENT BILLINGSLEY DIRECTOR 1.00
Director
$0 $0 $0
AMY IRWIN DIRECTOR 1.00
Director
$0 $0 $0
LEWIS BAUER PRESIDENT 1.00
Officer
$0 $0 $0
TAMMY GROCE VICE PRESIDENT 1.00
Officer
$0 $0 $0
SARAH VINCENT SECRETARY/ 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
2025 No data No data No data No data
2024 $439,257 $1,008,730 $1,679,000 $-569,473
2023 $465,417 $252,441 $1,932,861 $212,976
2022 $706,926 $699,958 $1,680,145 $6,968
2021 $572,179 $439,862 $1,774,686 $132,317
2020 $477,749 $508,284 $1,154,738 $-30,535
2019 $555,300 $392,278 $910,244 $163,022
2018 $414,383 $343,214 $693,042 $71,169
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