MITCHELL COUNTY EDUCATION FOUNDATION INC (EIN 371881730) - 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

2017

Legal Domicile

Tax Period

2022-01-01 to 2022-12-31

MITCHELL COUNTY EDUCATION FOUNDATION INC, founded in 2017, is a micro nonprofit in the Education sector that reported $7K in total revenue in fiscal year 2022. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $40K exceeded revenue, resulting in a 447% operating deficit.

Mission

TO PROVIDE SCHOLARSHIP AND EDUCATION OPPORTUNITIES FOR THE LOCAL YOUTH

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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 (2022)

Revenue Breakdown

Contributions & Grants $7,224

Program Service Revenue $0

Investment Income $39

Other Revenue $0

TOTAL REVENUE $7,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,733

Other Expenses $39,733

TOTAL EXPENSES $39,733

Year-over-Year Comparison

	2022	2021	Change
Revenue	$7,263	$154,238	-1.0%
Expenses	$39,733	$36,869	+0.1%
Net Income	$-32,470	$117,369	-1.3%

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
KAREN PHILLIPS	BOARD MEMBER	1.00	Officer	$0	$0	$0
MISTY SILVERS	BOARD MEMBER	1.00	Officer	$0	$0	$0
CHAD CALHOUN	EX OFFICIO	1.00	Officer	$0	$0	$0
STAN COOK	BOARD MEMBER	1.00	Officer	$0	$0	$0
ZACK SNYDER	TREASURER	1.00	Officer	$0	$0	$0
JOHN WILSON	CHAIRMAN	1.00	Officer	$0	$0	$0
BRITTANY JARRETT	SECRETARY	1.00	Officer	$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	No data	No data	No data	No data
2022	$7,263	$39,733	$654,224	$-32,470
2021	$154,238	$36,869	$686,694	$117,369
2020	$79,880	$28,300	$569,325	$51,580
2019	$19,077	$20,162	$517,745	$-1,085

MITCHELL COUNTY EDUCATION FOUNDATION INC