PARSONS-DECATUR COUNTY HIGHER EDUCATION FOUNDATION (EIN 270456021) - 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

2009

Legal Domicile

Principal Officer

JON AYERS

Phone

7318476358

Tax Period

2023-07-01 to 2024-06-30

PARSONS-DECATUR COUNTY HIGHER EDUCATION FOUNDATION, founded in 2009, is a small nonprofit in the Education sector that reported $843K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $411K, a strong 49% operating margin.

Mission

TO PROMOTE THE EDUCATION OF THE RESIDENTS OF THE CITY OF PARSONS AND DECATUR COUNTY, TENNESSEE AND SURROUNDING AREA BY PROVIDING EDUCATIONAL FACILITIES AND SCHOLARSHIPS

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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 $218,135

Program Service Revenue $416,830

Investment Income $208,052

Other Revenue $0

TOTAL REVENUE $843,017

Expense Breakdown

Grants Paid $176,948

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $431,519

Other Expenses $254,571

TOTAL EXPENSES $431,519

Year-over-Year Comparison

	2023	2022	Change
Revenue	$843,017	$695,498	+0.2%
Expenses	$431,519	$401,187	+0.1%
Net Income	$411,498	$294,311	+0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE SMITH	PRESIDENT & DIRECTOR	5.00	Officer Director	$0	$0	$0
JON AYERS	CHAIRMAN & DIRECTOR	5.00	Officer Director	$0	$0	$0
TOM LEITCH	SECRETARY & 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
2025	No data	No data	No data	No data
2024	$843,017	$431,519	$9,056,993	$411,498
2023	$695,498	$401,187	$8,645,495	$294,311
2022	$664,529	$377,091	$8,351,184	$287,438
2021	$1,004,454	$887,724	$8,163,410	$116,730
2020	$700,782	$375,606	$8,046,680	$325,176
2019	$804,985	$357,553	$7,721,504	$447,432

PARSONS-DECATUR COUNTY HIGHER EDUCATION FOUNDATION