MOUNT VERNON COMMUNITY SCHOOL DISTRICT FOUNDATION (EIN 421304892) - 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

1987

Legal Domicile

Principal Officer

ANN KOPPENHAVER

Phone

3198958845

Tax Period

2023-07-01 to 2024-06-30

MOUNT VERNON COMMUNITY SCHOOL DISTRICT FOUNDATION, founded in 1987, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 73% operating deficit.

Mission

THE FOUNDATION IS ORGANIZED FOR THE SPECIFIC PURPOSE TO MAINTAIN, DEVELOP, INCREASE AND EXTEND THE FACILITIES AND SERVICES OF THE MOUNT VERNON COMMUNITY SCHOOL DISTRICT, AND TO PROVIDE BROADER EDUCATIONAL SERVICE OPPORTUNITIES TO ITS STUDENTS, STAFF, FACULTY AND THE RESIDENTS OF THE GEOGRAPHICAL AREA WHICH IT SERVES.

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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 $1,115,451

Program Service Revenue $0

Investment Income $92,851

Other Revenue $169,402

TOTAL REVENUE $1,377,704

Expense Breakdown

Grants Paid $50,350

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,228,063

Other Expenses $2,331,435

TOTAL EXPENSES $2,381,785

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,377,704	$1,803,718	-0.2%
Expenses	$2,381,785	$501,098	+3.8%
Net Income	$-1,004,081	$1,302,620	-1.8%

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

500

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
ANN KOPPENHAVER	Treasurer	5.00	Officer Director	$0	$0	$0
RICK ELLIOTT	Trustee	0.00	Director	$0	$0	$0
VIRGINIA ROUDABUSH	Trustee	0.00	Director	$0	$0	$0
LEIGH ANN JORDAN	Trustee	0.00	Director	$0	$0	$0
DAVE RYAN	President	2.00	Officer Director	$0	$0	$0
CAROL WOODS	Vice President	1.00	Officer Director	$0	$0	$0
BRETT KARKOSH	Trustee	0.00	Director	$0	$0	$0
JENNA WISCHMEYER	Trustee	0.00	Director	$0	$0	$0
TOM WIESELER	Trustee	0.00	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
2025	No data	No data	No data	No data
2024	$1,377,704	$2,381,785	$1,693,556	$-1,004,081
2023	$1,803,718	$501,098	$2,600,352	$1,302,620
2022	$1,538,915	$1,157,514	$1,224,317	$381,401
2021	$545,641	$469,865	$955,334	$75,776
2020	$645,885	$635,352	$743,345	$10,533
2019	$450,940	$391,647	$746,896	$59,293
2018	$533,914	$383,063	$663,312	$150,851

MOUNT VERNON COMMUNITY SCHOOL DISTRICT FOUNDATION