ELKHORN PUBLIC SCHOOLS FOUNDATION (EIN 363226778) - 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

1981

Legal Domicile

Principal Officer

KATY BODE

Phone

4022891727

Tax Period

2024-01-01 to 2024-12-31

ELKHORN PUBLIC SCHOOLS FOUNDATION, founded in 1981, is a community nonprofit that reported $5.9M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $5.3M left a modest 10% surplus.

Mission

TO SUPPORT PROGRAMS BENEFITTING ELKHORN PUBLIC SCHOOLS.

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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 $1,021,072

Program Service Revenue $4,201,588

Investment Income $682,932

Other Revenue $-4,683

TOTAL REVENUE $5,900,909

Expense Breakdown

Grants Paid $1,300,873

Salaries & Benefits $3,082,546

Fundraising Expenses $184,758

Program Expenses $4,658,218

Other Expenses $908,091

TOTAL EXPENSES $5,291,510

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,900,909	$4,981,039	+0.2%
Expenses	$5,291,510	$4,764,818	+0.1%
Net Income	$609,399	$216,221	+1.8%

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

364

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

$135,137

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FORREST NEWBURG	PRESIDENT	1.00	Officer Director	$0	$0	$0
KATY BODE	TREASURER & PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
TORRI CRIGER	SECRETARY	1.00	Officer Director	$0	$0	$0
LAURA BURFORD	DIRECTOR	1.00	Director	$0	$0	$0
RENEE VOKT	SCHOOL BOARD LIASON	1.00	Director	$0	$0	$0
KENDRA RINGENBERG	DIRECTOR	1.00	Director	$0	$0	$0
BARY HABROCK	SUPERINTENDENT	1.00	Director	$0	$0	$0
JILL EHLERS	DIRECTOR	1.00	Director	$0	$0	$0
ERIC LITTLE	DIRECTOR	1.00	Director	$0	$0	$0
ALISON JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
RYAN BROSHAR	DIRECTOR	1.00	Director	$0	$0	$0
MARK KALVODA	DIRECTOR	1.00	Director	$0	$0	$0
BARRY MCARDLE	DIRECTOR	1.00	Director	$0	$0	$0
DESIREE O'SHEA	DIRECTOR	1.00	Director	$0	$0	$0
DEB GARRISON	DIRECTOR	1.00	Director	$0	$0	$0
NATE SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
DERRICK FITTON	DIRECTOR	1.00	Director	$0	$0	$0
JACK HOLMES	DIRECTOR	1.00	Director	$0	$0	$0
JAKE RAMSBOTTOM	DIRECTOR	1.00	Director	$0	$0	$0
STACEY L FALK	EXECUTIVE DIRECTOR	40.00	Officer	$131,236	$3,901	$135,137
AMY WHORLOW	EKC PROGRAM DIRECTOR	40.00	Highest	$100,011	$2,976	$102,987

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	$5,900,909	$5,291,510	$17,157,626	$609,399
2023	$4,981,039	$4,764,818	$16,051,594	$216,221
2022	$6,606,032	$4,136,768	$14,850,604	$2,469,264
2021	$5,717,262	$3,376,416	$14,538,903	$2,340,846
2020	$3,259,255	$3,274,197	$12,410,893	$-14,942
2019	$4,353,826	$3,832,456	$12,035,672	$521,370
2018	$4,685,366	$3,062,342	$11,203,492	$1,623,024

ELKHORN PUBLIC SCHOOLS FOUNDATION