Bedford County Regional Education Foundation (EIN 251707752) - 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

1993

Legal Domicile

Principal Officer

Kirt Morris

Phone

8146529528

Tax Period

2024-01-01 to 2024-12-31

Bedford County Regional Education Foundation, founded in 1993, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $390K, a strong 28% operating margin.

Mission

Support students at the Allegany College of Maryland - Bedford County campus.

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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 $1,233,248

Program Service Revenue $4,168

Investment Income $142,379

Other Revenue $630

TOTAL REVENUE $1,380,425

Expense Breakdown

Grants Paid $900,474

Salaries & Benefits $0

Fundraising Expenses $9,089

Program Expenses $958,425

Other Expenses $89,832

TOTAL EXPENSES $990,306

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,380,425	$1,109,535	+0.2%
Expenses	$990,306	$1,398,611	-0.3%
Net Income	$390,119	$-289,076	-2.3%

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

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
Dan Koontz	Chairman	4.00	Officer	$0	$0	$0
Beth Manges	Vice Chair	4.00	Officer	$0	$0	$0
Lynn Ashe	Secretary	4.00	Officer	$0	$0	$0
Kirt Morris	Treas	4.00	Officer	$0	$0	$0
Todd Beatty	Board	1.00	Director	$0	$0	$0
Connie Cragan	Board	1.00	Director	$0	$0	$0
Craig Cutchall	Board	1.00	Director	$0	$0	$0
William Shrout	Board	1.00	Director	$0	$0	$0
Gary Goss	Board	1.00	Director	$0	$0	$0
Larry Williams	Board	1.00	Director	$0	$0	$0
Meredith Hendershot	Board	1.00	Director	$0	$0	$0
Christina Ramsey	Board	1.00	Director	$0	$0	$0
Ralph Scott	Board	1.00	Director	$0	$0	$0
Cheryl McInroy	Board	1.00	Director	$0	$0	$0
Deb Baughman	Board	1.00	Director	$0	$0	$0
David Burkett	Board	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	$1,380,425	$990,306	$1,844,995	$390,119
2023	$1,109,535	$1,398,611	$1,454,876	$-289,076
2022	$691,668	$1,038,854	$1,744,105	$-347,186
2021	$1,358,320	$589,354	$2,091,138	$768,966
2020	$1,111,071	$673,980	$1,340,463	$437,091
2020	$1,111,071	$673,980	$1,340,463	$437,091
2019	$306,156	$129,146	$896,721	$177,010
2018	$274,725	$197,481	$708,071	$77,244

Bedford County Regional Education Foundation