HICKMAN MILLS EDUCATION FOUNDATION (EIN 431905109) - 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

2001

Legal Domicile

Principal Officer

CHARLES FARRIS

Phone

8167616667

Tax Period

2024-01-01 to 2024-12-31

HICKMAN MILLS EDUCATION FOUNDATION, founded in 2001, is a micro nonprofit in the Education sector that reported $81K in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $238K exceeded revenue, resulting in a 195% operating deficit.

Mission

OUR MISSION IS TO ENSURE QUALITY EDUCATION BY ENLISTING BUSINESSES AND THE PUBLIC TO HELP PROVIDE EDUCATIONAL OPPORTUNITIES FOR STUDENTS AND STAFF. WE PROVIDE SCHOLARSHIPS FOR GRADUATING SENIORS, CLASSROOM ENHANCEMENT GRANTS, AND PARTIAL REIMBURSEMENT FOR DUAL CREDIT HOURS.

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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 $50,241

Program Service Revenue $0

Investment Income $31,632

Other Revenue $-1,283

TOTAL REVENUE $80,590

Expense Breakdown

Grants Paid $227,350

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $231,943

Other Expenses $10,744

TOTAL EXPENSES $238,094

Year-over-Year Comparison

	2024	2023	Change
Revenue	$80,590	$259,886	-0.7%
Expenses	$238,094	$60,344	+2.9%
Net Income	$-157,504	$199,542	-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

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
DAVID EISENMENGER	DIRECTOR	N/A	Director	$0	$0	$0
CHARLES FARRIS	EXECUTIVE DI	5.00	Officer Director	$0	$0	$0
CHERYL FARRIS	PRESIDENT	5.00	Officer Director	$0	$0	$0
GEORGE FLESHER	DIRECTOR	N/A	Director	$0	$0	$0
SYLVARENA FUNDERBURKE	TREASURER	3.00	Officer Director	$0	$0	$0
BONNAYE MIMS	DIRECTOR	N/A	Director	$0	$0	$0
VENUS MURPHY	DIRECTOR	N/A	Director	$0	$0	$0
JOHN SHARP	DIRECTOR	N/A	Director	$0	$0	$0
CARL SKINNER	DIRECTOR	N/A	Director	$0	$0	$0
ANGELA SWEARINGEN	DIRECTOR	N/A	Director	$0	$0	$0
PEGGY WALBURN	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
SCOTT JENNINGS	SECRETARY	3.00	Officer	$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	$80,590	$238,094	$500,426	$-157,504
2023	$259,886	$60,344	$649,918	$199,542
2022	$52,732	$57,901	$432,856	$-5,169

HICKMAN MILLS EDUCATION FOUNDATION