HORNETS NEST REGION FOUNDATION INC (EIN 208742019) - 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

2007

Legal Domicile

Principal Officer

MELVIN CARSON

Phone

7048474215

Tax Period

2023-01-01 to 2023-12-31

HORNETS NEST REGION FOUNDATION INC, founded in 2007, is a micro nonprofit in the Education sector that reported $11K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $26K exceeded revenue, resulting in a 132% operating deficit.

Mission

THE PURPOSE FOR WHICH THE CORPORATION IS ORGANIZED IS TO ESTABLISH, FUND AND MAINTAIN EDUCATIONAL SCHOLARSHIPS FOR AUTOMOTIVE RELATED CAREER EDUCATIONAL NEEDS, INCLUDING, BUT NOT LIMITED TO AUTOMOTIVE ENGINEERING, RESEARCH, RESTORATION AND REPAIR AND TO MAKE DONATIONS TO RELATED TAX EXEMPT ORGANIZATIONS.

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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 $11,275

Program Service Revenue $0

Investment Income $83

Other Revenue $0

TOTAL REVENUE $11,358

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,334

Other Expenses $26,334

TOTAL EXPENSES $26,334

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,358	$23,102	-0.5%
Expenses	$26,334	$24,735	+0.1%
Net Income	$-14,976	$-1,633	+8.2%

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

1292

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
GAYLE BOLES	DIRECTOR	5.00	Officer Director	$0	$0	$0
MELVIN CARSON	EXECUTIVE DI	10.00	Officer Director	$0	$0	$0
CHERYL COLE	DIRECTOR	5.00	Officer Director	$0	$0	$0
TIM CROSSWHITE	DIRECTOR	5.00	Officer Director	$0	$0	$0
DALE FISHER	DIRECTOR	5.00	Officer Director	$0	$0	$0
WAYNE FOWLER	DIRECTOR	5.00	Officer Director	$0	$0	$0
GREG JACKSON	PRESIDENT	5.00	Officer Director	$0	$0	$0
ED KALE	DIRECTOR	5.00	Officer Director	$0	$0	$0
JOE MARCHAND	DIRECTOR	5.00	Officer Director	$0	$0	$0
MIKE MUNAO	DIRECTOR	5.00	Officer Director	$0	$0	$0
DARRELL PAGE	DIRECTOR	5.00	Officer Director	$0	$0	$0
AMY TETRAULT	DIRECTOR	5.00	Officer Director	$0	$0	$0
JOHNNY YARBOROUGH	DIRECTOR	5.00	Officer 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
2023	$11,358	$26,334	$60,123	$-14,976
2022	$23,102	$24,735	$75,099	$-1,633
2021	$194	$22,589	$76,732	$-22,395
2020	$46,365	$19,260	$99,127	$27,105
2019	$81,245	$108,020	$72,022	$-26,775
2018	$73,871	$55,175	$98,797	$18,696

HORNETS NEST REGION FOUNDATION INC