HERRIN EDUCATION FOUNDATION (EIN 371259400) - 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

1987

Legal Domicile

Tax Period

2021-07-01 to 2022-06-30

HERRIN EDUCATION FOUNDATION, founded in 1987, is a micro nonprofit in the Community Improvement sector that reported $65K in total revenue in fiscal year 2021. Revenue surged 148% from the prior year, signaling strong growth momentum. The organization ran a surplus of $50K, a strong 77% operating margin.

Mission

SCHOLORSHIPS FOR HIGH SCHOOL SENIORS

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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 (2021)

Revenue Breakdown

Contributions & Grants $10,450

Program Service Revenue $0

Investment Income $54,706

Other Revenue $0

TOTAL REVENUE $65,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,159

Other Expenses $15,159

TOTAL EXPENSES $15,159

Year-over-Year Comparison

	2021	2020	Change
Revenue	$65,156	$26,249	+1.5%
Expenses	$15,159	$7,510	+1.0%
Net Income	$49,997	$18,739	+1.7%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARL SPEZIA	MEMBER	10.00	Director	$0	$0	$0
KENT SMITH	MEMBER	10.00	Director	$0	$0	$0
BARBARA JACOBS	MEMBER	10.00	Director	$0	$0	$0
ED TRESNAK	CHAIRMAN	10.00	Director	$0	$0	$0
RANDY YOUNGBLOOD	MEMBER	10.00	Director	$0	$0	$0
SHARON WALKER	MEMBER	10.00	Director	$0	$0	$0
JEFF WADDELL	MEMBER	10.00	Director	$0	$0	$0
BERTMARILYN GORDON	MEMBER	10.00	Director	$0	$0	$0
MARILYN DETOMASI	MEMBER	10.00	Director	$0	$0	$0
DONALD BRANDON	MEMBER	10.00	Director	$0	$0	$0
GARY GRAY	MEMBER	10.00	Director	$0	$0	$0
JOHN HOMAN	SECRETARY	10.00	Director	$0	$0	$0
BARBARA GUEBERT	MEMBER	10.00	Director	$0	$0	$0
SALLY GROSS	MEMBER	10.00	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
2022	$65,156	$15,159	$677,085	$49,997
2022	$65,156	$15,159	$677,085	$49,997
2021	$26,249	$7,510	$627,088	$18,739
2021	$26,249	$7,510	$627,088	$18,739
2020	$24,283	$27,680	$608,349	$-3,397
2019	$48,192	$45,159	$611,746	$3,033

HERRIN EDUCATION FOUNDATION