622 EDUCATION FOUNDATION INC (EIN 411854041) - 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

1996

Legal Domicile

Principal Officer

ERIC MORLEY

Phone

6512421840

Tax Period

2023-07-01 to 2024-06-30

622 EDUCATION FOUNDATION INC, founded in 1996, is a small nonprofit in the Education sector that reported $110K in total revenue in fiscal year 2023. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $46K, a strong 42% operating margin.

Mission

THE 622 EDUCATION FOUNDATION GENERATES AND DISTRIBUTES RESOURCES TO ISD 622 SCHOOLS TO CREATE, ENRICH AND EXPAND PROGRAMS THAT ENHANCE THE QUALITY OF EDUCATION.

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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 $102,160

Program Service Revenue $0

Investment Income $7,980

Other Revenue $0

TOTAL REVENUE $110,140

Expense Breakdown

Grants Paid $45,429

Salaries & Benefits $0

Fundraising Expenses $3,096

Program Expenses $45,429

Other Expenses $18,778

TOTAL EXPENSES $64,207

Year-over-Year Comparison

	2023	2022	Change
Revenue	$110,140	$64,897	+0.7%
Expenses	$64,207	$50,583	+0.3%
Net Income	$45,933	$14,314	+2.2%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHY SEIFORD	CO-PRESIDENT	3.00	Officer Director	$0	$0	$0
PAM HUNTLEY	ANGEL FUND COORDINATOR	5.00	Officer Director	$0	$0	$0
ERIC MORLEY	TREASURER	3.00	Officer Director	$0	$0	$0
DOUG HUNTLEY	CO-PRESIDENT	3.00	Officer Director	$0	$0	$0
MICHELLE COSGROVE	SECRETARY	2.00	Officer Director	$0	$0	$0
CAREY NADEAU	DONATIONS COORDINATOR	4.00	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	$110,140	$64,207	$360,527	$45,933
2023	$64,897	$50,583	$313,955	$14,314
2022	$58,153	$28,214	$299,880	$29,939
2021	$45,043	$19,443	$269,941	$25,600

622 EDUCATION FOUNDATION INC