ELKHART EDUCATION FOUNDATION (EIN 463429545) - 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

2013

Legal Domicile

Principal Officer

CHARLENE MASTEN

Phone

5743237862

Tax Period

2024-07-01 to 2025-06-30

ELKHART EDUCATION FOUNDATION, founded in 2013, is a small nonprofit in the Education sector that reported $153K in total revenue in fiscal year 2024. Revenue surged 412% from the prior year, signaling strong growth momentum. Expenses of $190K exceeded revenue, resulting in a 24% operating deficit.

Mission

THE ELKHART EDUCATION FOUNDATION SUPPORTS EXCELLENCE IN EDUCATION THROUGH THE DEVELOPMENT AND IMPLEMENTATION OF INNOVATIVE ACADEMIC PROGRAMS AND PROVIDES SUPPLEMENTAL FUNDS FOR CHARACTER-BUILDING EXTRACURRICULAR ACTIVITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $143,363

Program Service Revenue $1,908

Investment Income $8,103

Other Revenue $0

TOTAL REVENUE $153,374

Expense Breakdown

Grants Paid $13,000

Salaries & Benefits $138,758

Fundraising Expenses $0

Program Expenses $22,907

Other Expenses $38,371

TOTAL EXPENSES $190,129

Year-over-Year Comparison

	2024	2023	Change
Revenue	$153,374	$29,930	+4.1%
Expenses	$190,129	$126,403	+0.5%
Net Income	$-36,755	$-96,473	-0.6%

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

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

$80,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY HUFF	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLENE MASTEN	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM NEAT	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY BERHEIDE	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIKA CLARK	BOARD MEMBER	1.00	Director	$0	$0	$0
KUTRINA BUTLER	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUGLAS MULVANEY	SECRETARY	2.00	Officer Director	$0	$0	$0
MONICA ABAIR	TREASURER	2.00	Officer Director	$0	$0	$0
HECTOR VARGAS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNIFER LEFEVER	PRESIDENT	2.00	Officer Director	$0	$0	$0
ELLEN WILLIAMS	EXECUTIVE DIRECTOR	40.00	Officer	$80,000	$900	$80,900

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	$153,374	$190,129	$196,816	$-36,755
2024	$29,930	$126,403	$233,571	$-96,473
2023	$327,037	$234,791	$330,044	$92,246
2022	$330,619	$506,210	$237,798	$-175,591
2021	$897,933	$945,074	$413,389	$-47,141
2020	$1,108,396	$837,519	$557,630	$270,877
2019	$461,755	$572,358	$189,653	$-110,603
2018	$617,672	$665,989	$300,256	$-48,317

ELKHART EDUCATION FOUNDATION