ADAMS CENTRAL SCHOOLS FOUNDATION (EIN 363833757) - 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

1991

Legal Domicile

Principal Officer

ADAM V JACOBITZ

Phone

4024633285

Tax Period

2023-01-01 to 2023-12-31

ADAMS CENTRAL SCHOOLS FOUNDATION, founded in 1991, is a small nonprofit that reported $293K in total revenue in fiscal year 2023. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $87K, a strong 30% operating margin.

Mission

TO SUPPORT THE PUBLIC SCHOOLS OPERATED BY THE BOARD OF EDUCATION OF THE ADAMS CENTRAL PUBLIC SCHOOLS DISTRICT IN ADAMS COUNTY, NEBRASKA, THROUGH FUNDING OF PROGRAM DEVELOPMENT AND IMPLEMENTATION, STAFF DEVELOPMENT, AND IN-SERVICE ACTIVITIES, SPECIAL COMMUNITY PROJECTS AND PUBLICATIONS, SCHOLARSHIPS AND BUILDING PROJECTS WITHIN THE DISTRICT.

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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 $116,648

Program Service Revenue $150,129

Investment Income $24,799

Other Revenue $956

TOTAL REVENUE $292,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $95,349

Other Expenses $205,722

TOTAL EXPENSES $205,722

Year-over-Year Comparison

	2023	2022	Change
Revenue	$292,532	$150,671	+0.9%
Expenses	$205,722	$80,055	+1.6%
Net Income	$86,810	$70,616	+0.2%

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

Total Directors

$42,314

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN PORTENIER	EXECUTIVE DIRECTOR	40.00	Director	$0	$0	$42,314
ANTHONY COLLINS	PRESIDENT	5.00	Officer Director	$0	$0	$0
INDE WISSING	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
DEBBRA WEBER	SECRETARY	1.00	Officer Director	$0	$0	$0
ADAM JACOBITZ	TREASURER	2.00	Officer Director	$0	$0	$0
NATE GENGENBACH	PAST PRESIDENT	1.00	Director	$0	$0	$0
MICHAEL ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
ANN HECKMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRYCE KNAUB	DIRECTOR	1.00	Director	$0	$0	$0
SETH PINKERMAN	DIRECTOR	1.00	Director	$0	$0	$0
SEAN VONTZ	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
2024	No data	No data	No data	No data
2023	$292,532	$205,722	$906,371	$86,810
2022	$150,671	$80,055	$511,971	$70,616
2021	$166,640	$52,339	$491,234	$114,301

ADAMS CENTRAL SCHOOLS FOUNDATION