SCHOOL DISTRICT OF INDEPENDENCE FO… - Form 990 Financial Data

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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

JIM SCHULTZ

Phone

8165215300

Tax Period

2023-07-01 to 2024-06-30

SCHOOL DISTRICT OF INDEPENDENCE FOUNDATION INC, founded in 1992, is a small nonprofit that reported $542K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $83K, a strong 15% operating margin.

Mission

TO STRENGTHEN THE SCHOOLS AND COMMUNITY BY EXPANDING EDUCATIONAL OPPORTUNITIES AND COMMUNITY ENGAGEMENT, ENHANCING LEARNING ENVIRONMENTS, AND PROVIDING NEED-BASED FUNDING AND SERVICES FOR OUR STUDENTS AND FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $245,661

SCHOLARSHIP ADMINISTRATION - ADMINISTERED APPROXIMATELY 100 SCHOLARSHIP FUNDS. AWARDED OVER 52 SCHOLARSHIPS RANGING FROM 100 TO 5,000 TO INDEPENDENCE SCHOOL DISTRICT STUDENTS OUT OF OVER 113...

SCHOLARSHIP ADMINISTRATION - ADMINISTERED APPROXIMATELY 100 SCHOLARSHIP FUNDS. AWARDED OVER 52 SCHOLARSHIPS RANGING FROM 100 TO 5,000 TO INDEPENDENCE SCHOOL DISTRICT STUDENTS OUT OF OVER 113 SCHOLARSHIP FUNDS. AWARDED OVER 290 DUAL CREDIT SCHOLARSHIPS (HIGH SCHOOL AND COLLEGE CREDIT) TO INDEPENDENCE SCHOOL DISTRICT STUDENTS.

Program 2

Expenses: $92,042

DISTRICT SUPPORT - PROVIDED GRANTS AND PAYMENTS TO THE INDEPENDENCE SCHOOL DISTRICT FOR PROGRAM SUPPORT INCLUDING NEW TEACHER GRANTS, CLASSROOM GRANTS, PROGRAM SUPPLIES AND ASSISTANCE TO INDIVIDUALS.

Program 3

Expenses: $55,517

COMMUNITY OUTREACH - PROVIDED ASSISTANCE TO OVER 880 STUDENTS AND FAMILIES IN NEED INCLUDING ASSISTANCE WITH UTILITIES, TRANSPORTATION, EYEGLASSES, HOUSEHOLD AND PERSONAL CARE ITEMS,FOOD, DOCUMENT...

COMMUNITY OUTREACH - PROVIDED ASSISTANCE TO OVER 880 STUDENTS AND FAMILIES IN NEED INCLUDING ASSISTANCE WITH UTILITIES, TRANSPORTATION, EYEGLASSES, HOUSEHOLD AND PERSONAL CARE ITEMS,FOOD, DOCUMENT ASSISTANCE, AND HOLIDAY GIFT CARDS.

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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 $259,306

Program Service Revenue $0

Investment Income $275,087

Other Revenue $7,136

TOTAL REVENUE $541,529

Expense Breakdown

Grants Paid $368,887

Salaries & Benefits $0

Fundraising Expenses $13,730

Program Expenses $393,220

Other Expenses $89,813

TOTAL EXPENSES $458,700

Year-over-Year Comparison

	2023	2022	Change
Revenue	$541,529	$623,565	-0.1%
Expenses	$458,700	$579,007	-0.2%
Net Income	$82,829	$44,558	+0.9%

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

483

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

$78,820

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIANNA BOLGER	EXECUTIVE DI	40.00	Officer	$0	$16,847	$78,820
CHUCK DONALDSON	DIRECTOR	0.50	Director	$0	$0	$0
CARRIE DIXON	DIRECTOR	0.50	Director	$0	$0	$0
BARBARA ALLINDER	DIRECTOR	0.50	Director	$0	$0	$0
GREG FINKE	DIRECTOR	0.50	Director	$0	$0	$0
JANET GIBBS	DIRECTOR	0.50	Director	$0	$0	$0
CATHY POLLARD	DIRECTOR	0.50	Director	$0	$0	$0
DR DALE HERL	DIR. SUPERIN	2.00	Director	$0	$0	$0
ANN FRANKLIN	DIRECTOR	0.50	Director	$0	$0	$0
COLIN MCCLAIN	DIRECTOR	0.50	Director	$0	$0	$0
DR RANDY MAGLINGER	SECRETARY/TR	0.50	Officer Director	$0	$0	$0
LORI ROSS	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
JIM SCHULTZ	PRESIDENT	1.00	Officer 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	$541,529	$458,700	$5,147,997	$82,829
2023	$623,565	$579,007	$4,706,319	$44,558
2022	$630,563	$401,222	$4,285,264	$229,341
2021	$916,415	$477,127	$4,771,123	$439,288
2021	$916,415	$477,127	$4,771,123	$439,288
2020	$609,576	$429,977	$4,050,384	$179,599
2019	$626,374	$697,360	$3,987,692	$-70,986
2018	$547,078	$458,261	$3,855,413	$88,817

SCHOOL DISTRICT OF INDEPENDENCE FOUNDATION INC