CARROLL EDUCATION FOUNDATION INC

EIN: 205550649 501(c)(3) Education

FLORA, IN

Total Revenue
$146,152
Total Expenses
$175,854
Total Assets
$3,240,744
Net Assets
$3,240,744
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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
2006
Legal Domicile
IN
Principal Officer
KATRINA SCAGNOLI
Phone
5749674113
Tax Period
2023-08-01 to 2024-07-31

CARROLL EDUCATION FOUNDATION INC, founded in 2006, is a small nonprofit in the Education sector that reported $146K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $176K exceeded revenue, resulting in a 20% operating deficit.

Mission

THE EDUCATIONAL PURPOSE OF THE FOUNDATION IS TO SUPPORT AND ENHANCE THE ADVANCEMENT OF EDUCATION THROUGH STUDENT SCHOLARSHIPS, AWARDS FOR INNOVATIVE TEACHER-DRIVEN PROJECTS, RECOGNITION OF OUTSTANDING FACULTY AND STAFF, AND PROVIDING FOR NON-BUDGETED SCHOOL NEEDS. THE AREA OF SERVICE THE GEOGRAPHIC AREA SERVED BY CARROLL CONSOLIDATED SCHOOL CORPORATION IN EXECUTING THIS PURPOSE. THE COMMUNITY PURPOSE OF THE FOUNDATION IS TO ENHANCE COMMUNITY SUPPORT FOR EDUCATION BY PROMOTING AWARENESS OF SCHOOL PROGRAMS AND PROVIDING A MEANS FOR INDIVIDUALS, ORGANIZATIONS, AND THE BUSINESS COMMUNITY TO SHARE RESOURCES WITH 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,047
Program Service Revenue $0
Investment Income $137,105
Other Revenue $0
TOTAL REVENUE $146,152

Expense Breakdown

Grants Paid $149,840
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $149,840
Other Expenses $26,014
TOTAL EXPENSES $175,854

Year-over-Year Comparison

2023 2022 Change
Revenue $146,152 $186,908 -0.2%
Expenses $175,854 $166,169 +0.1%
Net Income $-29,702 $20,739 -2.4%
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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

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
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATRINA SCAGNOLI PRESIDENT 1.00
Officer Director
$0 $0 $0
BETH STEPHENS SECRETARY 1.00
Officer Director
$0 $0 $0
JAY BUSH TREASURER 1.00
Officer Director
$0 $0 $0
AMY POWLEN MEMBER 1.00
Director
$0 $0 $0
STEVE KEOWN MEMBER 1.00
Director
$0 $0 $0
GREG KUNS MEMBER 1.00
Director
$0 $0 $0
MAGGIE RANDLE MEMBER 1.00
Director
$0 $0 $0
ERIC JOHNSON MEMBER 1.00
Director
$0 $0 $0
KEITH THACKERY MEMBER 1.00
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 $146,152 $175,854 $3,240,744 $-29,702
2023 $186,908 $166,169 $3,270,446 $20,739
2022 $186,480 $141,394 $3,249,707 $45,086
2021 $163,977 $138,658 $3,204,621 $25,319
2020 $124,315 $117,339 $3,179,302 $6,976
2019 $219,205 $105,323 $3,172,326 $113,882
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