The Garinger Education Foundation

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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

Tax Period

2023-01-01 to 2023-12-31

The Garinger Education Foundation, founded in 2013, is a small nonprofit in the Education sector that reported $235K in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $123K, a strong 52% operating margin.

Mission

Provide college scholarships to Garinger High School graduates

Program Service Accomplishments

Program 1

Expenses: $101,300

Provided college scholarships to Garinger High School graduates.

Program 2

Expenses: $4,311

Provide aid, assistance and lunches to Garinger High School teachers

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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 $210,938

Program Service Revenue $0

Investment Income $24,167

Other Revenue $0

TOTAL REVENUE $235,105

Expense Breakdown

Grants Paid $105,611

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $105,611

Other Expenses $6,167

TOTAL EXPENSES $111,778

Year-over-Year Comparison

	2023	2022	Change
Revenue	$235,105	$632,909	-0.6%
Expenses	$111,778	$130,695	-0.1%
Net Income	$123,327	$502,214	-0.8%

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
Kent Estep	Treasurer	2.00	Officer	$0	$0	$0
Lynna Estep	Secretary	1.00	Officer	$0	$0	$0
Jack Brayboy	Board Chairperson	2.00	Officer	$0	$0	$0
Brian Fulbright	President	2.00	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
2024	No data	No data	No data	No data
2023	$235,105	$111,778	$1,040,336	$123,327
2022	$632,909	$130,695	$934,650	$502,214
2019	$212,565	$104,606	$312,632	$107,959