DAVENPORT SCHOOLS FOUNDATION

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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

Principal Officer

TIMOTHY CHEN

Phone

5633367436

Tax Period

2024-07-01 to 2025-06-30

DAVENPORT SCHOOLS FOUNDATION, founded in 1987, is a small nonprofit that reported $436K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $161K, a strong 37% operating margin.

Mission

PROVIDE OTHERWISE UNAVAILABLE RESOURCES TO ENHANCE THE DAVENPORT COMMUNITY SCHOOL DISTRICT'S EDUCATIONAL ENVIRONMENT TO HELP STUDENTS PURSUE FULL POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $22,818

FINANCIAL ASSISTANCE TO THE DAVENPORT COMMUNITY SCHOOL DISTRICT FOR EDUCATION SERVICES NOT PROVIDED BY THE SCHOOL DISTRICT'S NORMAL OPERATING BUDGET.

Program 2

Expenses: $105,369

THE SCHOLARSHIP PROGRAM PROVIDES MONETARY ASSISTANCE TO DCSD STUDENTS FOR POST SECONDARY EDUCATION OPPORTUNITIES. THE SCHOLARSHIP PROGRAM DISTRIBUTED 67 SCHOLARSHIPS TO 56 DCSD STUDENTS.

Program 3

Expenses: $99,369

THE FOUNDATION'S MISSION IS TO PROVIDE PHILANTHROPIC SUPPORT TO THE DCSD THAT FOCUSES ON EDUCATIONAL ENRICHMENT OPPORTUNITIES FOR ALL STUDENTS IN THE DISTRICT. THE FOUNDATION'S PRIORITY FOCUS IS TO REBUILD THE FUNDRAISING PROGRAM FOR GREAT MINDS PROGRAMMING AND OUR MINI-GRANTS SO THAT WE ARE ABLE TO PROVIDE GREATER SUPPORT FOR THESE ENRICHMENT PROGRAMS FOR THE DISTRICT, MOVING FORWARD.

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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 (2024)

Revenue Breakdown

Contributions & Grants $357,414

Program Service Revenue $0

Investment Income $78,330

Other Revenue $0

TOTAL REVENUE $435,744

Expense Breakdown

Grants Paid $204,044

Salaries & Benefits $45,334

Fundraising Expenses $0

Program Expenses $227,556

Other Expenses $25,079

TOTAL EXPENSES $274,457

Year-over-Year Comparison

	2024	2023	Change
Revenue	$435,744	$370,216	+0.2%
Expenses	$274,457	$237,961	+0.2%
Net Income	$161,287	$132,255	+0.2%

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

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

$24,710

Total Directors

$3,210

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG GOWEY	DIRECTOR	0.25	Director	$0	$0	$0
JABARI WOODS	DIRECTOR	0.25	Director	$0	$0	$0
JOHN KORN	DIRECTOR	1.00	Director	$0	$0	$0
SHERRY FREESE	DIRECTOR	0.25	Director	$0	$0	$0
STEVE HUNTER	DIRECTOR	0.25	Director	$0	$0	$0
TIM CHEN	PRESIDENT	1.50	Officer Director	$0	$0	$0
DAN RIEFE	DIRECTOR	0.25	Director	$0	$0	$0
ANNE SAVERAID	DIRECTOR	0.25	Director	$0	$0	$0
JEFF COOK	TREASURER	0.50	Officer Director	$0	$0	$0
SHEMEKA SUMRALL	DIRECTOR	0.25	Director	$0	$0	$0
ELLEN SCOTT	DIRECTOR	0.25	Director	$0	$0	$0
STEVE AHRENS	EXECUTIVE DIRECTOR	30.00	Officer Director	$3,210	$0	$3,210
SUE RECTOR	SECRETARY AND SCHOLARSHIP CHAIR	2.00	Officer	$0	$0	$0
SALLY CRINO	EXECUTIVE DIRECTOR	30.00	Officer	$21,500	$0	$21,500

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
2025	$435,744	$274,457	$2,549,355	$161,287
2024	$370,216	$237,961	$2,236,444	$132,255
2023	$235,673	$199,529	$1,932,217	$36,144
2022	$274,815	$161,714	$1,838,738	$113,101
2021	$253,034	$159,398	$2,136,031	$93,636
2020	$398,802	$368,992	$1,637,714	$29,810
2019	$641,227	$616,592	$1,640,610	$24,635
2018	$363,605	$832,633	$1,583,862	$-469,028