THE BETA FOUNDATION (EIN 453019142) - 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

2011

Legal Domicile

Principal Officer

LATISHA D ANDREWS

Phone

8323312460

Tax Period

2023-09-01 to 2024-08-31

THE BETA FOUNDATION, founded in 2011, is a mid-sized nonprofit in the Education sector that reported $23.2M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $20.6M left a modest 11% surplus.

Mission

THE FUNDAMENTAL MISSION AND PURPOSE OF BETA FOUNDATION IS TO CREATE A SCHOOL WITH AN ENVIRONMENT OF HOPE THAT NOT ONLY NURTURES, BUT CHALLENGES STUDENTS TO BECOME SUCCESSFUL ACADEMICALLY AND IN LIFE. WE EXIST TO HELP FAMILIES FIND THE BEST EDUCATIONAL FIT FOR THEIR CHILDREN.

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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 $6,483,047

Program Service Revenue $16,339,702

Investment Income $288,491

Other Revenue $64,591

TOTAL REVENUE $23,175,831

Expense Breakdown

Grants Paid $1,961,382

Salaries & Benefits $10,769,047

Fundraising Expenses $288,351

Program Expenses $18,747,795

Other Expenses $7,836,663

TOTAL EXPENSES $20,567,092

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,175,831	$19,945,262	+0.2%
Expenses	$20,567,092	$15,670,440	+0.3%
Net Income	$2,608,739	$4,274,822	-0.4%

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

274

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

$504,202

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAN SAUNDERS	DIRECTOR	15.00	Director	$0	$0	$0
ERIKA JONES	DIRECTOR	15.00	Director	$0	$0	$0
DR LEIGH KENT	DIRECTOR	15.00	Director	$0	$0	$0
ANTHONY FLYNN	DIRECTOR	20.00	Director	$0	$0	$0
DANIEL KENT	PRESIDENT	25.00	Officer Director	$0	$0	$0
TIM KING	VICE PRESIDENT & TREASURER	20.00	Officer Director	$0	$0	$0
ANITA ARCHER	SECRETARY	20.00	Officer Director	$0	$0	$0
LATISHA ANDREWS	CEO/SUPERINTENDENT	55.00	Officer	$222,759	$3,744	$226,503
JENNIFER RAQUELL SARTOR	CHIEF ACADEMIC OFFICER	55.00	Officer	$86,000	$0	$86,000
MARTHA SMITH	CHIEF BUSINESS OFFICER/OPERATIONS	55.00	Officer	$187,955	$3,744	$191,699
KENDRA HAMPTON	ASSISTANT SUPERINTENDENT	55.00	Highest	$140,298	$3,144	$143,442
HELEN ABERNATHY	CHIEF OF ACADEMICS	55.00	Highest	$128,309	$3,744	$132,053
KARI HOEFNAGELS	CHIEF OF FINANCE	55.00	Highest	$128,062	$3,744	$131,806

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	$23,175,831	$20,567,092	$58,696,344	$2,608,739
2023	$19,945,262	$15,670,440	$41,391,412	$4,274,822
2022	$15,616,829	$13,739,380	$36,457,126	$1,877,449
2021	$15,008,455	$12,401,536	$35,112,559	$2,606,919
2020	$13,881,319	$9,434,734	$33,565,118	$4,446,585
2019	$8,168,671	$5,736,759	$10,720,897	$2,431,912
2018	$5,504,257	$4,996,227	$2,566,302	$508,030

THE BETA FOUNDATION