HOLMES COUNTY EDUCATION FOUNDATION (EIN 341631041) - 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

1990

Legal Domicile

Principal Officer

HOLLEY JOHNSON

Phone

3306747303

Tax Period

2024-01-01 to 2024-12-31

HOLMES COUNTY EDUCATION FOUNDATION, founded in 1990, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 105% from the prior year, signaling strong growth momentum. The organization ran a surplus of $747K, a strong 41% operating margin.

Mission

HOLMES COUNTY EDUCATION FOUNDATION STRENGTHENS OUR COMMUNITY BY HELPING HOLMES COUNTY RESIDENTS PURSUE FURTHER EDUCATION OPPORTUNITIES.

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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 $833,267

Program Service Revenue $0

Investment Income $968,164

Other Revenue $7,506

TOTAL REVENUE $1,808,937

Expense Breakdown

Grants Paid $703,097

Salaries & Benefits $158,523

Fundraising Expenses $0

Program Expenses $833,973

Other Expenses $200,306

TOTAL EXPENSES $1,061,926

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,808,937	$880,783	+1.1%
Expenses	$1,061,926	$1,074,133	0.0%
Net Income	$747,011	$-193,350	-4.9%

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

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

$91,516

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG HERSHBERGER	TRUSTEE	2.00	Director	$0	$0	$0
JOHN R WALTMAN	TRUSTEE	6.50	Director	$0	$0	$0
MATTHEW CAMPBELL	TRUSTEE	2.00	Director	$0	$0	$0
DAVID COIL	TRUSTEE	2.00	Director	$0	$0	$0
ROGER PROPER	TRUSTEE	2.00	Director	$0	$0	$0
GARRETT ROACH	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL TAYLOR	TRUSTEE	2.00	Director	$0	$0	$0
A LAUREL MILLER	TRUSTEE	2.00	Director	$0	$0	$0
JUDGE THOMAS C LEE	TRUSTEE	2.00	Director	$0	$0	$0
SHASTA MAST	EXECUTIVE DIRECTOR	40.00	Officer	$91,516	$0	$91,516

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	$1,808,937	$1,061,926	No data	$747,011
2023	$880,783	$1,074,133	$19,297,086	$-193,350
2022	$4,245,598	$915,325	$17,371,041	$3,330,273
2021	$1,654,476	$827,880	$16,777,507	$826,596
2020	$1,057,424	$786,308	$14,042,922	$271,116
2019	$1,565,291	$752,399	$12,683,667	$812,892
2018	$1,071,520	$747,085	$10,651,712	$324,435

HOLMES COUNTY EDUCATION FOUNDATION