Mike Steele Foundation for Communities in Schools (EIN 261294670) - 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

2008

Legal Domicile

Phone

8174465454

Tax Period

2023-09-01 to 2024-08-31

Mike Steele Foundation for Communities in Schools, founded in 2008, is a small nonprofit in the Education sector that reported $180K in total revenue in fiscal year 2023. Revenue surged 131% from the prior year, signaling strong growth momentum. Expenses of $663K exceeded revenue, resulting in a 268% operating deficit.

Mission

THE FOUNDATION IS A PERMANENT FUND WHOSE PRIMARY GOAL IS FOR THE BENEFIT OF COMMUNITIES IN SCHOOLS OF GREATER TARRANT COUNTY, INC. BOTH TODAY AND IN THE FUTURE.

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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 $0

Program Service Revenue $0

Investment Income $180,023

Other Revenue $0

TOTAL REVENUE $180,023

Expense Breakdown

Grants Paid $641,842

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $641,842

Other Expenses $21,306

TOTAL EXPENSES $663,148

Year-over-Year Comparison

	2023	2022	Change
Revenue	$180,023	$78,011	+1.3%
Expenses	$663,148	$139,986	+3.7%
Net Income	$-483,125	$-61,975	+6.8%

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

$165,674

Total Directors

$165,674

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSH COURY	TREASURER	2.0	Officer Director	$0	$0	$0
LINDSEY GARNER	PRESIDENT & CEO	1.0	Officer Director	$0	$8,035	$165,674
ROY JOHNSON	PRESIDENT	2.0	Officer Director	$0	$0	$0
BOB PENCE	DIRECTOR	1.0	Director	$0	$0	$0
DAVID DOZIER	DIRECTOR	1.0	Director	$0	$0	$0
SID LANGE	DIRECTOR	1.0	Director	$0	$0	$0
TRACY BOLT	DIRECTOR	1.0	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	$180,023	$663,148	$3,819,618	$-483,125
2023	$78,011	$139,986	$3,874,664	$-61,975
2022	$1,080,746	$113,521	$3,632,954	$967,225
2021	$51,758	$91,794	$3,126,765	$-40,036
2020	$47,787	$74,359	$2,558,618	$-26,572
2019	$1,036,309	$49,776	$2,361,196	$986,533
2018	$45,677	$18,977	$1,370,267	$26,700

Mike Steele Foundation for Communities in Schools