MILLARD PUBLIC SCHOOLS FOUNDATION INC (EIN 470678796) - 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

1984

Legal Domicile

Principal Officer

CARLOS CASTILLO

Phone

4029916710

Tax Period

2024-06-01 to 2025-05-31

MILLARD PUBLIC SCHOOLS FOUNDATION INC, founded in 1984, is a mid-sized nonprofit in the Human Services sector that reported $11.8M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.9M, a strong 25% operating margin.

Mission

CHILD CARE/EDUCATIONAL SUPPORT

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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 $769,678

Program Service Revenue $9,234,211

Investment Income $1,851,905

Other Revenue $-66,987

TOTAL REVENUE $11,788,807

Expense Breakdown

Grants Paid $1,308,259

Salaries & Benefits $4,350,322

Fundraising Expenses $223,172

Program Expenses $6,470,417

Other Expenses $3,216,856

TOTAL EXPENSES $8,875,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,788,807	$10,462,126	+0.1%
Expenses	$8,875,437	$8,232,034	+0.1%
Net Income	$2,913,370	$2,230,092	+0.3%

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

326

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

$204,107

Total Directors

$204,107

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CANDY IBERG	SECRETARY	2.00	Officer Director	$0	$0	$0
CARLOS CASTILLO	CHEIF EXECUTIVE OFFICER	45.00	Officer Director	$197,552	$6,555	$204,107
DR KELLY KADLEC	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
ERIN BEARINGER	PRESIDENT	2.00	Officer Director	$0	$0	$0
JEN ALLOWAY	TREASURER	2.00	Officer Director	$0	$0	$0
JESSICA COVI	DIRECTOR	2.00	Director	$0	$0	$0
JOE ZADINA	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
DR JOHN SCHWARTZ	DIRECTOR	2.00	Director	$0	$0	$0
KNUT HAASCH	DIRECTOR	2.00	Director	$0	$0	$0
LINDA POOLE	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL CROKER	DIRECTOR	2.00	Director	$0	$0	$0
REBECCA KLEEMAN	DIRECTOR	2.00	Director	$0	$0	$0
SARA CORY	DIRECTOR	2.00	Director	$0	$0	$0
JASON FARWELL	DIRECTOR	2.00	Director	$0	$0	$0
AMANDA HALL	DIRECTOR	2.00	Director	$0	$0	$0
CARA HILLER	DIRECTOR	2.00	Director	$0	$0	$0
STACY KESTER - PEARSON	DIRECTOR	2.00	Director	$0	$0	$0
ANGLE MILLER	DIRECTOR	2.00	Director	$0	$0	$0
MARK BELLER	DIRECTOR OF OPERATIONS	40.00	Highest	$126,289	$115	$126,404

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	$11,788,807	$8,875,437	$33,624,319	$2,913,370
2024	$10,462,126	$8,232,034	$31,523,610	$2,230,092
2023	$12,483,072	$8,077,589	$25,725,490	$4,405,483
2022	$9,001,578	$7,334,390	$20,012,576	$1,667,188
2021	$7,252,037	$6,040,138	$20,561,037	$1,211,899
2020	$8,258,892	$8,385,322	$17,123,323	$-126,430
2019	$8,529,154	$9,335,190	$16,932,764	$-806,036
2018	$10,313,968	$8,579,264	$17,443,316	$1,734,704

MILLARD PUBLIC SCHOOLS FOUNDATION INC