MASON ISD SCHOLARSHIP FOUNDATION (EIN 463793843) - 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

CHAD LEMKE

Phone

3253472448

Tax Period

2024-01-01 to 2024-12-31

MASON ISD SCHOLARSHIP FOUNDATION, founded in 2013, is a small nonprofit in the Education sector that reported $301K in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. Net assets of $8.5M represent 338 months of operating reserves.

Mission

THE PURPOSE OF THE FOUNDATION IS TO PROVIDE AN ORGANIZATION THAT WILL COORDINATE, ENCOURAGE, AND ASSIST EDUCATIONAL FUNCTIONS AND ACTIVITIES BY GRANTING SCHOLARSHIPS IN THE MASON INDEPENDENT SCHOOL DISTRICT, MASON COUNTY, TEXAS.

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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 $19,660

Program Service Revenue $0

Investment Income $281,002

Other Revenue $0

TOTAL REVENUE $300,662

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,825

Fundraising Expenses $0

Program Expenses $252,964

Other Expenses $296,104

TOTAL EXPENSES $299,929

Year-over-Year Comparison

	2024	2023	Change
Revenue	$300,662	$573,651	-0.5%
Expenses	$299,929	$276,111	+0.1%
Net Income	$733	$297,540	-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

N/A

Employees

N/A

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

$1,505

Total Directors

$3,825

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD LEMKE	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL COPE	TREASURER	1.00	Officer Director	$0	$0	$0
KATHRYN MARTIN	SECRETARY/MISD BOARD VP	3.00	Officer Director	$1,505	$0	$1,505
THOMAS CANFIELD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SEAN LEAMON	DIRECTOR/MISD SUPERINTENDENT	1.00	Director	$0	$0	$0
GLENDENE UNDERWOOD	DIRECTOR	6.00	Director	$2,320	$0	$2,320
JIM BOB SMITH	DIRECTOR/MISD BRD PRES	1.00	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	$300,662	$299,929	$8,480,674	$733
2023	$573,651	$276,111	$7,491,122	$297,540
2022	$76,654	$331,549	$6,881,865	$-254,895
2021	$1,513,874	$225,199	$8,526,036	$1,288,675
2020	$863,511	$248,418	$7,237,361	$615,093
2019	$2,386,673	$49,158	$6,622,268	$2,337,515
2018	$1,316,517	$1,402	$4,284,753	$1,315,115
2017	$2,970,000	$362	$2,970,638	$2,969,638

MASON ISD SCHOLARSHIP FOUNDATION