A PAY IT FORWARD SCHOLARSHIP CORPORATION (EIN 275096979) - 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

2011

Legal Domicile

Principal Officer

LAURA HAYNES

Phone

7705343611

Tax Period

2023-07-01 to 2024-06-30

A PAY IT FORWARD SCHOLARSHIP CORPORATION, founded in 2011, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

PROVIDE TUITION SCHOLARSHIPS TO PRE-K THROUGH 12TH GRADE GEORGIA PRIVATE SCHOOL STUDENTS IN ACCORDANCE WITH GEORGIA LAW.

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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 $1,416,090

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,416,090

Expense Breakdown

Grants Paid $1,266,434

Salaries & Benefits $97,156

Fundraising Expenses $52,293

Program Expenses $1,292,581

Other Expenses $61,925

TOTAL EXPENSES $1,425,515

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,416,090	$1,547,927	-0.1%
Expenses	$1,425,515	$1,336,508	+0.1%
Net Income	$-9,425	$211,419	-1.0%

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

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

$53,250

Total Directors

$115,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA HAYNES	EXECUTIVE DIRECTOR	40.00	Officer Director	$53,250	$0	$53,250
AMBER ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON BUFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANNON HORN	BOARD MEMBER	1.00	Director	$0	$0	$0
JON GOINS	BOARD MEMBER	1.00	Director	$0	$0	$0
CARY SINNETT	BOARD CHAIR (OUTGOING)	20.00	Director	$62,500	$0	$62,500
DIXIE TRUELOVE	BOARD MEMBER	1.00	Director	$0	$0	$0
MERRITT STEWART	BOARD CHAIR	1.00	Director	$0	$0	$0
JULIA GREENE	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
ELISABETH BALDWIN	VICE-CHAIR	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	$1,416,090	$1,425,515	$436,471	$-9,425
2023	$1,547,927	$1,336,508	$444,685	$211,419
2022	$890,701	$933,563	$239,890	$-42,862
2021	$921,931	$795,270	$281,230	$126,661
2020	$904,516	$850,216	$186,951	$54,300
2019	$909,644	$921,119	$137,548	$-11,475

A PAY IT FORWARD SCHOLARSHIP CORPORATION