ELKIN ACADEMIC ENRICHMENT FOUNDATION (EIN 463606496) - 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

DOUG REINHARDT

Phone

6503035380

Tax Period

2024-07-01 to 2025-06-30

ELKIN ACADEMIC ENRICHMENT FOUNDATION, founded in 2013, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $164K in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring. Net assets of $1.7M represent 126 months of operating reserves.

Mission

TO SUPPORT ACADEMIC PROGRAMS FOR ALL STUDENTS OF ELKIN CITY SCHOOLS BY PROVIDING FUNDS FOR NEEDS NOT MET BY STATE FUNDING.

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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 $51,958

Program Service Revenue $0

Investment Income $111,960

Other Revenue $23

TOTAL REVENUE $163,941

Expense Breakdown

Grants Paid $104,027

Salaries & Benefits $13,451

Fundraising Expenses $5,621

Program Expenses $162,100

Other Expenses $56,969

TOTAL EXPENSES $174,447

Year-over-Year Comparison

	2024	2023	Change
Revenue	$163,941	$433,077	-0.6%
Expenses	$174,447	$137,404	+0.3%
Net Income	$-10,506	$295,673	-1.0%

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

$12,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG REINHARDT	EXECUTIVE DI	5.00	Officer	$12,000	$0	$12,000
PRATT DAVIS	TREASURER	1.00	Officer	$0	$0	$0
BETTY HOLTHOUSER	SECRETARY	1.00	Officer	$0	$0	$0
RICK HURT	VICE PRESIDE	1.00	Officer	$0	$0	$0
N/A	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	$163,941	$174,447	$1,715,178	$-10,506
2024	$433,077	$137,404	$1,725,684	$295,673
2023	$45,327	$72,461	$1,430,011	$-27,134
2022	$111,598	$71,133	$1,457,145	$40,465
2021	$81,062	$108,442	$1,416,680	$-27,380

ELKIN ACADEMIC ENRICHMENT FOUNDATION