THE EDISON FOUNDATION (EIN 311379781) - 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

1993

Legal Domicile

Principal Officer

DR RICHARD HANES

Phone

9377787806

Tax Period

2024-07-01 to 2025-06-30

THE EDISON FOUNDATION, founded in 1993, is a small nonprofit in the Unknown sector that reported $829K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $482K, a strong 58% operating margin.

Mission

THE EDISON FOUNDATION ASSISTS EDISON STATE COMMUNITY COLLEGE IN MEETING ITS EDUCATIONAL AND COMMUNITY SERVICE GOALS BY PROVIDING RESOURCES TO ADVANCE STUDENT SUCCESS.

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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 $735,528

Program Service Revenue $0

Investment Income $122,646

Other Revenue $-28,751

TOTAL REVENUE $829,423

Expense Breakdown

Grants Paid $302,643

Salaries & Benefits $0

Fundraising Expenses $399

Program Expenses $302,643

Other Expenses $45,195

TOTAL EXPENSES $347,838

Year-over-Year Comparison

	2024	2023	Change
Revenue	$829,423	$1,116,400	-0.3%
Expenses	$347,838	$435,360	-0.2%
Net Income	$481,585	$681,040	-0.3%

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

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

$588,201

Total Directors

$693,881

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS SPRADLIN	COLLEGE PRES	0.00	Officer Director	$0	$93,128	$312,848
DR RICHARD HANES	EXECUTIVE DI	0.00	Officer Director	$0	$58,584	$206,183
CHRISTINA RATERMAN	DIR OF ADVAN	0.00	Director	$0	$38,675	$105,680
NAOMI CANTRELL	SECR/ADMIN A	0.00	Officer Director	$0	$11,632	$69,170
HEATHER BAILEY	TRUSTEE	1.00	Director	$0	$0	$0
D ANN BAIRD	TRUSTEE EMER	0.00	Director	$0	$0	$0
BROOKE BORCHERS	TRUSTEE	1.00	Director	$0	$0	$0
STANLEY EVANS	TRUSTEE EMER	0.00	Director	$0	$0	$0
ALYS FLECKENSTEIN	TRUSTEE	1.00	Director	$0	$0	$0
GAVIN GLASSCOE	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL VAN HAAREN	TRUSTEE EMER	0.00	Director	$0	$0	$0
SONIA HOLYCROSS	TRUSTEE	1.00	Director	$0	$0	$0
BETTYE LAUGHLIN	TRUSTEE EMER	0.00	Director	$0	$0	$0
AMY LEVAN	TRUSTEE	1.00	Director	$0	$0	$0
J KATHRYN LUKEY	IMMEDIATE PA	0.00	Officer Director	$0	$0	$0
JAMES ODA	TRUSTEE	1.00	Director	$0	$0	$0
JACOB OGLESBEE	TRUSTEE	1.00	Director	$0	$0	$0
SIMON PATRY	TRUSTEE	1.00	Director	$0	$0	$0
PHILLIP PIERRI	TRUSTEE	1.00	Director	$0	$0	$0
DR LAKMALI RANATHUNGA	TRUSTEE	1.00	Director	$0	$0	$0
KATHI ROETTER	TRUSTEE	1.00	Director	$0	$0	$0
JOHN SCHIPFER	TRUSTEE	1.00	Director	$0	$0	$0
CONNIE SCHNEIDER	CHAIR	1.00	Officer Director	$0	$0	$0
JUSTIN SOMMER	TRUSTEE	1.00	Director	$0	$0	$0
MAT VERHOLZ	TREAS/BUS AF	1.00	Officer Director	$0	$0	$0
LEAH WELLS	TRUSTEE	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	$829,423	$347,838	$5,251,630	$481,585
2024	$1,116,400	$435,360	$4,553,098	$681,040
2023	$498,679	$294,521	$3,625,481	$204,158
2022	$421,323	$329,155	$3,221,617	$92,168
2021	$293,050	$186,388	$3,481,954	$106,662
2020	$396,732	$1,208,362	$3,069,593	$-811,630
2019	$471,179	$1,627,525	$3,698,247	$-1,156,346
2018	$337,254	$341,784	$4,617,914	$-4,530

THE EDISON FOUNDATION