MT VERNON EDUCATION FOUNDATION INC

EIN: 260893588 501(c)(3) Education

FORTVILLE, IN

Total Revenue
$175,049
Total Expenses
$164,548
Total Assets
$216,760
Net Assets
$214,129
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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
IN
Principal Officer
RENEE OLDHAM
Phone
3174824110
Tax Period
2023-08-01 to 2024-07-31

MT VERNON EDUCATION FOUNDATION INC, founded in 2007, is a small nonprofit in the Education sector that reported $175K in total revenue in fiscal year 2023. Expenses of $165K left a modest 6% surplus.

Mission

SUPPORTING THE STUDENTS AND TEACHERS OF THE MT. VERNON COMMUNITY SCHOOL CORPORATION.

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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 $61,067
Program Service Revenue $0
Investment Income $46
Other Revenue $113,936
TOTAL REVENUE $175,049

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $32,081
Other Expenses $164,548
TOTAL EXPENSES $164,548

Year-over-Year Comparison

2023 2022 Change
Revenue $175,049 $169,809 +0.0%
Expenses $164,548 $139,519 +0.2%
Net Income $10,501 $30,290 -0.7%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
23
Independent Members
23
Employees
N/A
Volunteers
50

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
6
$0
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RENEE OLDHAM EXECUTIVE DIRECTOR 40.00
Officer Director
$0 $0 $0
ALYSSA PRAZEAU PAST PRESIDENT 5.00
Officer Director
$0 $0 $0
BRIAN DOWDEN VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
MIKE HARRIS BOARD PRESIDENT 5.00
Officer Director
$0 $0 $0
JASON WELLS SECRETARY 5.00
Officer Director
$0 $0 $0
JILL PREFONTAINE EMERITUS BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF YOUNG EMERITUS BOARD MEMBER 1.00
Director
$0 $0 $0
JACK PARKER EX-OFFICIO MEMBER 1.00
Director
$0 $0 $0
JAN VIEHWEG EMERITUS BOARD MEMBER 1.00
Director
$0 $0 $0
LEANNE BROWN EMERITUS BOARD MEMBER 1.00
Director
$0 $0 $0
SHANNON WALLS EMERITUS BOARD MEMBER 1.00
Director
$0 $0 $0
TERESA GOODING TREASURER 5.00
Officer Director
$0 $0 $0
TONY MAY EMERITUS BOARD MEMBER 1.00
Director
$0 $0 $0
COLETTE CHILDRESS BOARD MEMBER 1.00
Director
$0 $0 $0
NATALIE HOWELL BOARD MEMBER 1.00
Director
$0 $0 $0
MARY HARRIS BOARD MEMBER 1.00
Director
$0 $0 $0
GWEN SCROGHAM BOARD MEMBER 1.00
Director
$0 $0 $0
BRAD BASTIN BOARD MEMBER 1.00
Director
$0 $0 $0
MEGHAN BRITT EX-OFFICIO MEMBER 1.00
Director
$0 $0 $0
AMBER GUTHRIE BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELLE SCHREIBER BOARD MEMBER 1.00
Director
$0 $0 $0
AMBER SERMERSHEIM BOARD 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 $175,049 $164,548 $216,760 $10,501
2023 $169,809 $139,519 $209,365 $30,290
2022 $186,847 $166,899 $181,023 $19,948
2021 $205,169 $134,077 $168,461 $71,092
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