MORTAR BOARD INC (EIN 351082961) - 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

1938

Legal Domicile

Principal Officer

DR KIRSTEN FOX

Phone

6144884094

Tax Period

2023-01-01 to 2023-12-31

MORTAR BOARD INC, founded in 1938, is a small nonprofit in the Education sector that reported $405K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $484K exceeded revenue, resulting in a 19% operating deficit.

Mission

MORTAR BOARD, INC. IS A NATIONAL SOCIETY WHOSE PURPOSE IS TO FACILITATE COOPERATION AMONG THESE SOCIETIES, TO CONTRIBUTE TO THE SELF-AWARENESS OF ITS MEMBERS, TO PROMOTE EQUAL OPPORTUNITIES AMONG ALL PEOPLES, TO EMPHASIZE THE ADVANCEMENT OF THE STATUS OF WOMEN, TO SUPPORT THE IDEALS OF THE UNIVERSITY, TO ADVANCE A SPIRIT OF SCHOLARSHIP, TO RECOGNIZE AND ENCOURAGE LEADERSHIP, TO PROVIDE SERVICE, AND TO ESTABLISH THE OPPORTUNITY FOR A MEANINGFUL EXCHANGE OF IDEAS AS INDIVIDUALS AND AS A GROUP.

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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 $321,864

Program Service Revenue $55,531

Investment Income $1

Other Revenue $27,800

TOTAL REVENUE $405,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $311,148

Fundraising Expenses $22,322

Program Expenses $331,388

Other Expenses $172,648

TOTAL EXPENSES $483,796

Year-over-Year Comparison

	2023	2022	Change
Revenue	$405,196	$431,886	-0.1%
Expenses	$483,796	$514,338	-0.1%
Net Income	$-78,600	$-82,452	0.0%

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

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

$103,292

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR KIRSTEN FOX	EXECUTIVE DI	25.00	Officer	$103,292	$0	$103,292
MS KATHRYN CHICK	PRESIDENT	6.00	Officer Director	$0	$0	$0
DR PATIENCE WHITWORTH	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
MS BRE'UNA KEETON	TREASURER	1.00	Officer Director	$0	$0	$0
AIMEE ABERNATHY	SECRETARY	2.00	Officer Director	$0	$0	$0
DR CASSANDRA LUCAS	PRESIDENT-EL	6.00	Officer Director	$0	$0	$0
NATHAN CORDLE	PRESIDENT EL	2.00	Officer Director	$0	$0	$0
DR BARBARA ARNOLD	EX-OFFICIO	1.00	Director	$0	$0	$0
MAKAYLA JOHNSON	STUDENT REP-	1.00	Director	$0	$0	$0
MS MARGARET MEIERHENRY	STUDENT REP-	1.00	Director	$0	$0	$0
GABRIELLE TESSIER	STUDENT REP-	1.00	Director	$0	$0	$0
MS JENNIFER BIRCH SZOLWINSKI	ALUMNI REP-A	2.00	Director	$0	$0	$0
MR MOHAMMED HILL	ALUMNI REP-A	1.00	Director	$0	$0	$0
WILSON CHAN	ALUMNI REP-A	2.00	Director	$0	$0	$0
MS GAIL HARRISON CORVETTE	IMDT. PAST P	2.00	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	No data	No data	No data	No data
2023	$405,196	$483,796	$158,692	$-78,600
2022	$431,886	$514,338	$209,066	$-82,452
2021	$513,485	$460,297	$330,137	$53,188
2020	$535,434	$392,892	$296,759	$142,542
2019	$529,227	$657,285	$205,411	$-128,058
2018	$586,237	$658,139	$190,115	$-71,902

MORTAR BOARD INC