Rutherford County Schools Education Foundation

EIN: 272771407 501(c)(3) Education

Forest City, NC

Total Revenue
$403,537
Total Expenses
$341,638
Total Assets
$921,868
Net Assets
$921,868
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NC
Tax Period
2024-07-01 to 2025-06-30

Rutherford County Schools Education Foundation, founded in 2010, is a small nonprofit in the Education sector that reported $404K in total revenue in fiscal year 2024. The organization ran a surplus of $62K, a strong 15% operating margin.

Mission

TO DEVELOP AND ADMINISTER PROGRAMS TO PROMOTE, SUPPORT, AND ENHANCE THE RUTHERFORD COUNTY BOARD OF EDUCATION, THE RUTHERFORD COUNTY SCHOOLS AND THE STUDENTS ATTENDING THOSE SCHOOLS.

Program Service Accomplishments

Program 1
Expenses: $105,674 Revenue: $55,619

BACKPACK PROGRAM FUND SUPPLIES AND MATERIALS NEEDED FOR FOOD BACKPACKS TO TRAVEL HOME WITH CHILDREN ON THE WEEKEND FUND A BACKPACK COORDINATOR POSITION TO WORK WITHIN THE SCHOOLS TO PREPARE AND...

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BACKPACK PROGRAM FUND SUPPLIES AND MATERIALS NEEDED FOR FOOD BACKPACKS TO TRAVEL HOME WITH CHILDREN ON THE WEEKEND FUND A BACKPACK COORDINATOR POSITION TO WORK WITHIN THE SCHOOLS TO PREPARE AND DISTRIBUTE THE BACKPACKS FUND DELIVERY OF BACKPACK MATERIALS TO SCHOOLS

Program 2
Expenses: $44,519 Revenue: $106,000

HELPING HANDS FOR THE HOMELESS STUDENTS PROVIDE BASIC NEEDS FOR STUDENTS IN HOMELESS CIRCUMSTANCES PROVIDE FAMILIES FUNDS FOR LOST HOMES RENT TEMPORARY HOUSING FOR FAMILIES AND STUDENTS IN NEED

Program 3
Expenses: $29,115 Revenue: $63,180

COMMUNITY ACTION PROGRAM CAMP INNOVATE: A DYNAMIC SUMEMR EXPERIENCE DESIGNED TO SPARK CREATIVITY AND CURIOSITY THROUGH HANDS ON STEM AND DESIGN CHALLENGES PROJECT STEAM: INITIATIVE TO ENGAGE STUDENTS...

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COMMUNITY ACTION PROGRAM CAMP INNOVATE: A DYNAMIC SUMEMR EXPERIENCE DESIGNED TO SPARK CREATIVITY AND CURIOSITY THROUGH HANDS ON STEM AND DESIGN CHALLENGES PROJECT STEAM: INITIATIVE TO ENGAGE STUDENTS IN REAL-WORLD SCIENCE EXPLORATIONS THAT BLEND CREATIVITY ENGINEERING AND TECHNOLOGY AI IN ACTION: PROVIDING TECHNOLOGY ACROSS OUR DISTRICT AND DEVELOPING APPLIED AI PRACTICES AND EXPANDING OUR PROGRAM OFFERINGS THAT PREPARE THEM FOR THE FUTURE OF INNOVATION

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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 (2024)

Revenue Breakdown

Contributions & Grants $402,929
Program Service Revenue $0
Investment Income $608
Other Revenue $0
TOTAL REVENUE $403,537

Expense Breakdown

Grants Paid $249,890
Salaries & Benefits $0
Fundraising Expenses $31,421
Program Expenses $302,480
Other Expenses $91,748
TOTAL EXPENSES $341,638

Year-over-Year Comparison

2024 2023 Change
Revenue $403,537 $396,669 +0.0%
Expenses $341,638 $217,409 +0.6%
Net Income $61,899 $179,260 -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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
150

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
4
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ritchie Garland Executive Director 0.00
Director
$0 $0 $0
Dr Janet Mason Chairman 0.00
Officer
$0 $0 $0
Jackie Hampton Vice-Chairman 0.00
Officer
$0 $0 $0
Mike Gavin SecretaryTreasurer 0.00
Officer
$0 $0 $0
Amy Smith Executive Assistant 0.00
Officer
$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 $403,537 $341,638 $921,868 $61,899
2024 $396,669 $217,409 $859,969 $179,260
2023 $261,207 $697,445 $680,709 $-436,238
2022 $677,463 $326,878 $1,116,947 $350,585
2021 $259,472 $397,924 $766,362 $-138,452
2020 $907,675 $281,264 $904,814 $626,411
2019 $303,969 $194,835 $278,328 $109,134
2018 $245,284 $196,695 $169,194 $48,589
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