MORROW EDUCATION FOUNDATION (EIN 455234094) - 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

2012

Legal Domicile

Principal Officer

Joe Taylor

Phone

5414817678

Tax Period

2023-01-01 to 2023-12-31

MORROW EDUCATION FOUNDATION, founded in 2012, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring.

Mission

The primary purpose of the organization is to encourage and enhance academics, technology, arts, athletics, and cultural learning experiences and opportunities for the students of Morrow County through community and corporate support.

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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 $1,118,950

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,118,950

Expense Breakdown

Grants Paid $1,120,398

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,120,398

Other Expenses $0

TOTAL EXPENSES $1,120,398

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,118,950	$3,521,038	-0.7%
Expenses	$1,120,398	$3,520,871	-0.7%
Net Income	$-1,448	$167	-9.7%

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
Sherri Smith	Board Member	1	Director	$0	$0	$0
Sheila Corpus	Board Member	1	Director	$0	$0	$0
Ed Rollins	Board Member	1	Director	$0	$0	$0
Rick Stokoe	Board Member	1	Director	$0	$0	$0
Joe Taylor	President	1	Director	$0	$0	$0
John Murray	Secretary - Treasurer	1	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	No data	No data	No data	No data
2023	$1,118,950	$1,120,398	$4,380	$-1,448
2022	$3,521,038	$3,520,871	$5,828	$167
2021	No data	$975,737	$5,661	No data
2020	$1,707,135	$813,761	$981,398	$893,374
2019	$571,626	$523,708	$88,024	$47,918
2018	$350,204	$450,050	$40,106	$-99,846

MORROW EDUCATION FOUNDATION