EDUCATION FOUNDATION OF GREENVILLE (EIN 382975811) - 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

NORICE RASMUSSEN

Phone

6162363901

Tax Period

2023-01-01 to 2023-12-31

EDUCATION FOUNDATION OF GREENVILLE, founded in 1991, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $98K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $27K, a strong 27% operating margin.

Mission

IT SHALL BE THE MISSION OF THE EDUCATION FOUNDATION OF GREENVILLE TO ACQUIRE AND DISTRIBUTE FINANCIAL AND OTHER RESOURCES TO THE GREENVILLE PUBLIC SCHOOLS. THE RESOURCES SHALL BE USED FOR PROGRAMS AND PROJECTS AIMED AT ENHANCING OR SUPPLEMENTING EDUCATIONAL PROGRAMS AND PROVIDING EXTENDED EDUCATIONAL OPPORTUNITIES.

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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 $41,058

Program Service Revenue $0

Investment Income $17,646

Other Revenue $38,863

TOTAL REVENUE $97,567

Expense Breakdown

Grants Paid $50,640

Salaries & Benefits $12,346

Fundraising Expenses $0

Program Expenses $50,640

Other Expenses $8,040

TOTAL EXPENSES $71,026

Year-over-Year Comparison

	2023	2022	Change
Revenue	$97,567	$73,543	+0.3%
Expenses	$71,026	$36,871	+0.9%
Net Income	$26,541	$36,672	-0.3%

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

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

$11,469

Total Directors

$11,469

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE BLASZCZYNSKI	VICE CHAIRPERSON	0.25	Officer Director	$0	$0	$0
KIRE WIERDA	TRUSTEE	0.25	Director	$0	$0	$0
MICHAEL HURST	TREASURER	0.25	Officer Director	$0	$0	$0
WENDY BATY	EXECUTIVE DIRECTOR	0.25	Officer Director	$11,469	$0	$11,469
STEVEN DAY	TRUSTEE	0.25	Director	$0	$0	$0
WAYNE ROEDEL	TRUSTEE	0.25	Director	$0	$0	$0
PENNY DORA	VICE CHAIRPERSON	0.25	Officer Director	$0	$0	$0
CORY SMITH	TRUSTEE	0.25	Director	$0	$0	$0
STEVE KEMP	TRUSTEE	0.25	Director	$0	$0	$0
KATHY KORSON	TRUSTEE	0.25	Director	$0	$0	$0
JAMIE MCNINCH	TRUSTEE	0.25	Director	$0	$0	$0
CAROLYN SLOCUM	TRUSTEE	0.25	Director	$0	$0	$0
LINDA VANHOUTEN	CHAIRPERSON	0.25	Officer Director	$0	$0	$0
MAUREEN WOLVERTON	TRUSTEE	0.25	Director	$0	$0	$0
MIRANDA HAYWOOD - CURRY	TRUSTEE	0.25	Director	$0	$0	$0
JOEL VANHOUTEN	SECRETARY	0.25	Officer Director	$0	$0	$0
MICHON WIESEN	TRUSTEE	0.25	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	$97,567	$71,026	$529,025	$26,541
2022	$73,543	$36,871	$491,086	$36,672
2021	$33,606	$34,128	$507,036	$-522
2020	$148,417	$50,484	$1,999,315	$97,933
2019	$116,924	$63,494	$1,764,174	$53,430
2018	$129,640	$100,829	$1,514,238	$28,811

EDUCATION FOUNDATION OF GREENVILLE