The Garinger Education Foundation

EIN: 464704740 501(c)(3) Education

Charlotte, NC

Total Revenue
$235,105
Total Expenses
$111,778
Total Assets
$1,040,336
Net Assets
$1,040,336
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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
NC
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

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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%)

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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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
25

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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