THE JERNIGAN FOUNDATION (EIN 208111798) - 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

2006

Legal Domicile

Principal Officer

TANYA JERNIGAN

Phone

3607913917

Tax Period

2024-07-01 to 2025-06-30

THE JERNIGAN FOUNDATION, founded in 2006, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $581K in total revenue in fiscal year 2024. Revenue surged 75% from the prior year, signaling strong growth momentum. Net assets of $1.8M represent 37 months of operating reserves.

Mission

ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES IS TO PROVIDE SUPPORT TO: 1) ACCREDITED PUBLIC AND PAROCHIAL SCHOOLS, COLLEGES, AND UNIVERSITIES BY PROVIDING FUNDS TO QUALIFIED EDUCATIONAL INSTITUTIONS; 2) QUALIFIED CHARITABLE ORGANIZATIONS, PARTICULARLY THOSE THAT CARE FOR AND SUPPORT INDIVIDUALS IN NEED; 3) QUALIFIED CHURCHES AND CHURCH MISSIONS; 4) FOREIGN ORGANIZATIONS WHICH HAVE RESONABLE DETERMINED TO BE ORGANIZED AND OPERATED AS AN IRC SEC. 501(C)(3) ORGANIZATION AND IN GOOD FAITH DETERMINED TO BE DESCRIBED IN IRC SEC. 509(A)(1), (2), OR (3) OR FOR WHICH THE CORPORATION WILL ASSUME EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE REQUIREMENTS OF IRC SEC. 4945(H) AND THE REGULAATIONS THEREUNDER FOR ONE OR MORE PURPOSES DESCRIBED IN IRC SEC. 170(C)(2)(B); AND/OR 5) NON-EXEMPT DOMESTIC ORGANIZATIONS THE CORPORATION WILL ASSUME EXPENDITURE RESPONSIBILITY FOR IN ACCORDANCE WITH THE REQUIREMENTS OF IRC SEC. 4945(H) AND THE REGULATIONS THEREUNDER FOR ONE OR MORE PURPOSES DESCRIB

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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 $426,478

Program Service Revenue $0

Investment Income $154,380

Other Revenue $0

TOTAL REVENUE $580,858

Expense Breakdown

Grants Paid $533,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $533,500

Other Expenses $47,094

TOTAL EXPENSES $580,594

Year-over-Year Comparison

	2024	2023	Change
Revenue	$580,858	$332,369	+0.7%
Expenses	$580,594	$507,982	+0.1%
Net Income	$264	$-175,613	-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	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATRIEL JERNIGAN	Director	2.00	Director	$0	$0	$0
THEODORE JERNIGAN	Director	2.00	Director	$0	$0	$0
CAM NGUYEN	Director	2.00	Director	$0	$0	$0
ADAM MIRANDA	Treasurer	2.00	Director	$0	$0	$0
DALTON VAN HATCHER	Treasurer	2.00	Director	$0	$0	$0
TANYA JERNIGAN	President	10.00	Officer	$0	$0	$0
JESSICA VAN HATCHER	Vice President	5.00	Officer	$0	$0	$0
CALEB JERNIGAN	Director	5.00	Officer	$0	$0	$0
KENDRA MIRANDA	Secretary	5.00	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	$580,858	$580,594	$1,778,783	$264
2024	$332,369	$507,982	$1,778,265	$-175,613
2023	$231,852	$451,469	$1,866,786	$-219,617
2021	$492,517	$230,127	$2,488,921	$262,390
2020	$276,739	$503,822	$2,226,531	$-227,083
2019	$362,441	$710,053	$2,453,614	$-347,612
2018	$550,237	$539,784	$2,801,226	$10,453

THE JERNIGAN FOUNDATION