Powhatan Education 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

2011

Legal Domicile

Principal Officer

Kathy Grasty

Phone

8045149856

Tax Period

2023-07-01 to 2024-06-30

Powhatan Education Foundation, founded in 2011, is a small nonprofit in the Education sector that reported $452K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year.

Mission

To provide a means for contributions and application for grants to help supplementfunds for instructional materials, equipment, and all types of resources to enhanceeducation for all levels of the Powhatan County Public Schools.

Program Service Accomplishments

Program 1

Expenses: $341,000 Revenue: $341,000

Curtis Foundation grants are made to provide $1,000 to each Powhatan County Schoolteacher, librarian and counselor, to spend on their classroom or students in thecoming year. Recipients must turn in receipts to their school as they utilize thegrant money. Additionally, they provide written explanations of specific projects or notable expenditures, which the school delivers to the Curtis Foundation and toPowhatan Education Foundation. Total amount distributed $ 341,000.

Program 2

Expenses: $120,890 Revenue: $70,000

The Foundation issued $ 120,890 in scholarships to Powhatan High School students andrecent Powhatan High School graduates, based on application criteria determined bythe Powhatan High School...

The Foundation issued $ 120,890 in scholarships to Powhatan High School students andrecent Powhatan High School graduates, based on application criteria determined bythe Powhatan High School Scholarship Committee.

Program 3

Expenses: $16,146

The Foundation issued $16,146 in Classroom Innovation Grants. The purpose of theClassroom Innovation Grants is to promote innovative education opportunities byfunding individual or groups of Powhatan School teachers, librarians, and counselorswho submit a proposal for projects that use innovation and collaboration to achievethe County's curricular goals and to enhance the learning experience for PowhatanStudents.

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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 $447,509

Program Service Revenue $0

Investment Income $459

Other Revenue $3,650

TOTAL REVENUE $451,618

Expense Breakdown

Grants Paid $479,836

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $479,836

Other Expenses $3,639

TOTAL EXPENSES $483,475

Year-over-Year Comparison

	2023	2022	Change
Revenue	$451,618	$529,894	-0.1%
Expenses	$483,475	$465,854	+0.0%
Net Income	$-31,857	$64,040	-1.5%

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
Frank Rennie	Director	1.00	Director	$0	$0	$0
Jamey Epps	Vice President	3.00	Officer Director	$0	$0	$0
Kathy Grasty	Treasurer	3.00	Officer Director	$0	$0	$0
Conway Blankenship	Director	1.00	Officer Director	$0	$0	$0
Beth Teigen - Non Voting	Board Member	1.00	Director	$0	$0	$0
Lynn Clayton Prince - Non Vote	Board Member	1.00	Director	$0	$0	$0
Holly Smith	President	5.00	Officer Director	$0	$0	$0
Dale Goodman	Director	1.00	Director	$0	$0	$0
Kris Gwaltney	Secretary	1.00	Officer Director	$0	$0	$0
Rick Cole	Director	1.00	Director	$0	$0	$0
Sara Huatori	Director	1.00	Director	$0	$0	$0
Shelley Shust	Director	1.00	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	$451,618	$483,475	$135,675	$-31,857
2023	$529,894	$465,854	$166,533	$64,040
2022	$568,638	$518,863	$102,493	$49,775
2021	$637,557	$626,519	$52,718	$11,038
2020	$390,224	$415,816	$41,680	$-25,592