MORGAN COUNTY SCHOOLS 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

Principal Officer

KATIE ENGLAD

Phone

2563378722

Tax Period

2023-10-01 to 2024-09-30

MORGAN COUNTY SCHOOLS FOUNDATION is a micro nonprofit in the Education sector that reported $34K in total revenue in fiscal year 2023. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $105K exceeded revenue, resulting in a 208% operating deficit.

Mission

TO PROVIDE RESOURCES AND INSPIRE COMMUNITY PARTICIATION IN SUPPORT OF MORGAN COUNTY SCHOOLS' VISION - "STUDENTS TODAY; LEADERS TOMORROW"

Program Service Accomplishments

Program 1

Expenses: $105,101

TO PROVIDE FUNDING TO MORGAN COUNTY SCHOOLS

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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 $24,577

Program Service Revenue $0

Investment Income $0

Other Revenue $9,522

TOTAL REVENUE $34,099

Expense Breakdown

Grants Paid $20,706

Salaries & Benefits $16,873

Fundraising Expenses $0

Program Expenses $105,101

Other Expenses $67,522

TOTAL EXPENSES $105,101

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,099	$330,757	-0.9%
Expenses	$105,101	$102,768	+0.0%
Net Income	$-71,002	$227,989	-1.3%

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

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
REBEKAH COBB	SECRETARY	N/A	Officer	$0	$0	$0
REBEKAH COBB	TREASURER	N/A	Officer	$0	$0	$0
DANE HAYS	PRESIDENT	N/A	Officer	$0	$0	$0
AMBER HOLEMAN	VICE PRESIDE	N/A	Officer	$0	$0	$0
JAY MORRIS	PAST PRESIDE	N/A	Officer	$0	$0	$0
PATRICK PATTERSON	BOARD MEMBER	N/A	Officer	$0	$0	$0
HONI SMITH	MCS LIAISON	N/A	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	$34,099	$105,101	$251,384	$-71,002
2023	$330,757	$102,768	$322,423	$227,989