Powhatan Education Foundation (EIN 452997389) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

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 co Powhatan County Public Schools, founded in 2011, is a small nonprofit in the Education sector that reported $390K in total revenue in fiscal year 2019.

Mission

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

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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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

Powhatan Education Foundation