MCFARLAND EDUCATION FOUNDATION INC (EIN 391589889) - 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

1992

Legal Domicile

Principal Officer

Katie Heiser

Tax Period

2022-07-01 to 2023-06-30

MCFARLAND EDUCATION FOUNDATION INC, founded in 1992, is a micro nonprofit in the Education sector that reported $51K in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year. Expenses of $66K exceeded revenue, resulting in a 28% operating deficit.

Mission

MCFARLAND EDUCATION FOUNDATION'S MISSION IS TO EXPAND ACCESS TO HIGHER EDUCATION BY PROVIDING SCHOLARSHIPS TO MCFARLAND GRADUATES AND TO PROVIDE FUNDING FOR INTIATIVES THAT ENHANCE EDUCATION OPPORTUNITIES FOR MCFARLAND 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 (2022)

Revenue Breakdown

Contributions & Grants $41,865

Program Service Revenue $0

Investment Income $0

Other Revenue $9,404

TOTAL REVENUE $51,269

Expense Breakdown

Grants Paid $53,137

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $54,278

Other Expenses $12,487

TOTAL EXPENSES $65,624

Year-over-Year Comparison

	2022	2021	Change
Revenue	$51,269	$59,434	-0.1%
Expenses	$65,624	$69,181	-0.1%
Net Income	$-14,355	$-9,747	+0.5%

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

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
Katie Heiser	President	1.00	Officer Director	$0	$0	$0
Ken Landoldt	Vice President	1.00	Officer Director	$0	$0	$0
Bryce Becker	Treasurer	1.00	Officer Director	$0	$0	$0
Kelsey Garvey	Secretary	1.00	Officer Director	$0	$0	$0
Michelle Garvey	Director	1.00	Director	$0	$0	$0
Jim Hickey	Director	1.00	Director	$0	$0	$0
Sandy O'Connor	Director	1.00	Director	$0	$0	$0
Brett Rieman	Director	1.00	Director	$0	$0	$0
Sara O'Donnell	Director	1.00	Director	$0	$0	$0
Monica Schraml	Director	1.00		$0	$0	$0
Amy Reiter	Director	1.00		$0	$0	$0
Connie Hutchison	Director	1.00		$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	$51,269	$65,624	$801,548	$-14,355
2022	$59,434	$69,181	$765,231	$-9,747
2021	$36,391	$59,315	$857,039	$-22,924
2020	$52,880	$67,053	$694,685	$-14,173
2019	$54,726	$110,216	$705,751	$-55,490

MCFARLAND EDUCATION FOUNDATION INC