CARDINAL EDUCATION FOUNDATION INC

EIN: 263364395 501(c)(3) Education

NORTH RICHLAND HILLS, TX

Total Revenue
$51,766
Total Expenses
$54,850
Total Assets
$1,011,262
Net Assets
$1,009,012
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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
2010
Legal Domicile
TX
Principal Officer
TERRY RODGERS
Phone
8175206505
Tax Period
2023-01-01 to 2023-12-31

CARDINAL EDUCATION FOUNDATION INC, founded in 2010, is a micro nonprofit in the Education sector that reported $52K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Net assets of $1.0M represent 234 months of operating reserves.

Mission

THE ORGANIZATION SHALL SUPPORT THE ENHANCEMENT OF EDUCATION AT FORT WORTH CHRISTIAN SCHOOL, A NON-PROFIT CHRISTIAN SCHOOL INCORPORATED IN THE STATE OF TEXAS, BY PROVIDING FROM TIME TO TIME FUNDS FOR THE PURPOSE OF ENHANCING THE EDUCATIONAL ENVIRONMENT, PROCESSES AND OPPORTUNITIES FOR FORT WORTH CHRISTIAN SCHOOL.

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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 $0
Program Service Revenue $0
Investment Income $51,766
Other Revenue $0
TOTAL REVENUE $51,766

Expense Breakdown

Grants Paid $50,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $50,000
Other Expenses $4,850
TOTAL EXPENSES $54,850

Year-over-Year Comparison

2023 2022 Change
Revenue $51,766 $99,748 -0.5%
Expenses $54,850 $77,250 -0.3%
Net Income $-3,084 $22,498 -1.1%
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
7
Independent Members
7
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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN FERAY CHAIRPERSON 1.50
Officer Director
$0 $0 $0
JULIE REED SECRETARY 1.50
Officer Director
$0 $0 $0
LUKE ALVERSON TREASURER 1.50
Officer Director
$0 $0 $0
DENISE HERROLD DIRECTOR 1.50
Director
$0 $0 $0
CAL SMALLWOOD DIRECTOR 1.50
Director
$0 $0 $0
JIM SNELSON DIRECTOR 1.50
Director
$0 $0 $0
BRYAN RIGG DIRECTOR 1.50
Director
$0 $0 $0
KENT MEANS DIRECTOR 1.50
Director
$0 $0 $0
NICK HINRICHSEN DIRECTOR 1.50
Director
$0 $0 $0
DR MISTY OVERMAN DIRECTOR 2.00
$0 $17,632 $217,259
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 No data No data No data No data
2023 $51,766 $54,850 $1,011,262 $-3,084
2022 $99,748 $77,250 $965,278 $22,498
2021 $92,395 $82,200 $1,113,897 $10,195
2020 $180,970 $22,687 $989,502 $158,283
2019 $69,273 $12,308 $916,596 $56,965
2018 $133,387 $12,095 $741,623 $121,292
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