FORNEY ISD EDUCATION LEADERSHIP FOUNDATION INC (EIN 300268757) - 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

2004

Legal Domicile

Phone

4697624100

Tax Period

2024-07-01 to 2025-06-30

FORNEY ISD EDUCATION LEADERSHIP FOUNDATION INC, founded in 2004, is a small nonprofit in the Education sector that reported $545K in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $178K, a strong 33% operating margin.

Mission

THE FORNEY ISD EDUCATION LEADERSHIP FOUNDATION'S MISSION IS TO PROVIDE OPPORTUNITIESFOR EXCELLENCE IN EDUCATION, PROMOTE INNOVATION IN TEACHING, AND PARTNER WITH THECOMMUNITY TO ENHANCE THE QUALITY OF EDUCATION FOR ALL STUDENTS.THE PURPOSE OF THE FOUNDATION IS TO LIGHT THE WAY FOR TEACHING AND LEARNING IN FORNEY ISD THROUGH THE ADVANTAGE PLUS+ PROGRAM AND INNOVATIVE TEACHING GRANTS.FROM 2004-2017 THE FORNEY EDUCATION FOUNDATION AWARDED EACH FORNEY ISD HIGH SCHOOLGRADUATING SENIOR, WHO APPLIED AND MEET THE CRITERIA, WITH A $500 SCHOLARSHIP,AWARDING OVER $2 MILLION DURING THAT TIME.BEGINNING IN THE FALL OF 2008, THE FOUNDATION LAUNCHED THE INNOVATIVE GRANT PROGRAMFOR FORNEY ISD TEACHERS, ADMINISTRATORS AND STAFF TO RECOGNIZE AND SUPPORT INNOVATIVE INSTRUCTIONAL PROGRAMS AND INITIATIVES WHICH WILL POSITIVELY IMPACT THE STUDENTS OF FORNEY ISD, TO DATE THE FOUNDATION HAS GIVEN OVER $1,050,000 TO CLASSROOM TEACHERS.IN 2017, THE FOUNDATION PARTNERED WITH FORNEY ISD AND CREATED THE DUAL CREDIT

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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 (2024)

Revenue Breakdown

Contributions & Grants $435,765

Program Service Revenue $0

Investment Income $3,749

Other Revenue $105,559

TOTAL REVENUE $545,073

Expense Breakdown

Grants Paid $130,271

Salaries & Benefits $100,598

Fundraising Expenses $15,089

Program Expenses $298,664

Other Expenses $136,244

TOTAL EXPENSES $367,113

Year-over-Year Comparison

	2024	2023	Change
Revenue	$545,073	$326,603	+0.7%
Expenses	$367,113	$322,969	+0.1%
Net Income	$177,960	$3,634	+48.0%

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

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

$100,598

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN EATHERLY	Executive Dir.	40.00	Officer	$0	$0	$100,598
DR JOSEPH SEABROOKS	Director	1.00	Director	$0	$0	$0
GEORGE BROWN	Director	1.00	Director	$0	$0	$0
VICKY WHITE	Director	1.00	Director	$0	$0	$0
KATRINA BRIGGS	Director	1.00	Director	$0	$0	$0
KYLE ALLIS	Treasurer	1.00	Officer Director	$0	$0	$0
SANDRA TAYLOR	Director	1.00	Director	$0	$0	$0
RICHARD BRAND	VP of Gov	1.00	Officer Director	$0	$0	$0
CARIANN BRADFORD	Director	1.00	Director	$0	$0	$0
LESLI LEAKEY	VP of Events	1.00	Officer Director	$0	$0	$0
BRIANA MALONE	Director	0.00	Director	$0	$0	$0
TRENT BROWN	Director	1.00	Director	$0	$0	$0
MICHAEL TAYSOM	Director	1.00	Director	$0	$0	$0
JODI CAMPBELL	Director	1.00	Director	$0	$0	$0
CARLA EUDY	President	1.00	Officer Director	$0	$0	$0
BRUCE BYNUM	VP Development	1.00	Officer Director	$0	$0	$0
AMY TARNO	VP of Prog	1.00	Officer Director	$0	$0	$0
GREG PHARRIS	Director	1.00	Director	$0	$0	$0
KRISTIN ZASTOUPIL	Director	1.00	Director	$0	$0	$0
ZAHND SCHLENSKER	Director	1.00	Director	$0	$0	$0
KERRI HAMMACK	Director	1.00	Director	$0	$0	$0
NINA TURNER	Secretary	1.00	Officer Director	$0	$0	$0
BILLIE KASPER	Director	1.00	Director	$0	$0	$0
SUSAN JOHNSON	Director	1.00	Director	$0	$0	$0
AMY HANSEN	Director	1.00	Director	$0	$0	$0
NORMA RAIN	Director	1.00	Director	$0	$0	$0
JUDITH WILLIS	Director	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
2025	$545,073	$367,113	$1,090,037	$177,960
2024	$326,603	$322,969	$912,077	$3,634
2023	$597,525	$508,066	$908,443	$89,459
2022	$247,732	$190,554	$818,984	$57,178
2021	$281,238	$141,496	$761,806	$139,742
2018	$198,073	$129,990	$600,827	$68,083

FORNEY ISD EDUCATION LEADERSHIP FOUNDATION INC