FRIENDS OF JENNINGS DISTRICT FOUND… - Form 990 Financial Data

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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

2014

Legal Domicile

Principal Officer

VICTORIA GLASPY

Phone

3146538006

Tax Period

2022-07-01 to 2023-06-30

FRIENDS OF JENNINGS DISTRICT FOUNDATION, founded in 2014, is a small nonprofit in the Education sector that reported $203K in total revenue in fiscal year 2022. Revenue surged 3433% from the prior year, signaling strong growth momentum. The organization ran a surplus of $201K, a strong 99% operating margin.

Mission

TO RECEIVE, ADMINISTER, AND DISTRIBUTE FUNDS FOR CHARITABLE PURPOSES, PRIMARILY FOR THE BENEFIT OF THE JENNINGS SCHOOL DISTRICT, ITS STUDENTS AND FAMILIES.

Program Service Accomplishments

Program 1

PAYMENTS MADE TO THE DISTRICT TO HELP FUND TRANSPORTATION NEEDS INCLUDING PURCHASE OF VEHICLES AND PAYING FOR CONTRACTED TRANSPORTATION SERVICES SUCH AS FIELD TRIPS.

Program 2

FUND PROGRAM TO PREPARE STUDENTS TO WORK IN VARIOUS FIELS AFTER GREDUATION.

Program 3

Expenses: $1,839

PROGRAM TO EXPOSE STUDENTS TO WORKING IN AN OFFICE ENVIRONMENT INCLUDING WORKING ON AND COMPLETING JOB TASKS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $202,780

Program Service Revenue $0

Investment Income $23

Other Revenue $0

TOTAL REVENUE $202,803

Expense Breakdown

Grants Paid $1,839

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,839

Other Expenses $30

TOTAL EXPENSES $1,869

Year-over-Year Comparison

	2022	2021	Change
Revenue	$202,803	$5,741	+34.3%
Expenses	$1,869	$222	+7.4%
Net Income	$200,934	$5,519	+35.4%

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

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
DR PAULA KNIGHT	DIRECTOR	1.00	Director	$0	$0	$0
STEVE POKORNY	DIRECTOR	N/A	Director	$0	$0	$0
VICTORIA GLASPY	TREASURER	1.00	Officer	$0	$0	$0
JOHN SCHLERETH	PRESIDENT	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$202,803	$1,869	$513,185	$200,934
2021	$218,678	$53,873	$391,307	$164,805
2020	$299,339	$271,712	$226,502	$27,627

FRIENDS OF JENNINGS DISTRICT FOUNDATION