GREENWOOD EDUCATION FOUNDATION

EIN: 472207810 501(c)(3) Education

GREENWOOD, IN

Total Revenue
$89,017
Total Expenses
$26,660
Total Assets
$473,855
Net Assets
$473,855
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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
2014
Principal Officer
JOSEPH HARDING
Phone
3178894060
Tax Period
2024-01-01 to 2024-06-30

GREENWOOD EDUCATION FOUNDATION, founded in 2014, is a micro nonprofit in the Education sector that reported $89K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $62K, a strong 70% operating margin.

Mission

THE PURPOSES FOR WHICH THE CORPORATION IS FORMED ARE AS FOLLOWS: 1. TO SUPPORT GREENWOOD STUDENTS, TEACHERS, STAFF AND ADMINISTRATORS THROUGH FUNDING INNOVATIVE EDUCATIONAL PROGRAMS AND ACADEMIC ENDEAVORS. 2. TO RECEIVE AND ADMINISTER FUNDS FOR SUCH ADDITIONAL AND CHARITABLE PURPOSES AS ARE RELATED TO AND SUPPORTIVE OF THE CURRICULAR AND EXTRACURRICULAR ACTIVITIES, PROGRAMS AND FACILITIES OF GREENWOOD COMMUNITY SCHOOLS. 3. TO ENGAGE IN ALL ACTIVITIES NECESSARY OR APPROPRIATE TO RAISE FUNDS FOR THE PURPOSES OF THE CORPORATION, INCLUDING, BUT NOT LIMITED TO, THE SOLICITATION OF DIRECT OR INDIRECT CONTRIBUTION FROM PUBLIC AND PRIVATE SOURCES WHEREVER LOCATED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $58,692
Program Service Revenue $0
Investment Income $4,209
Other Revenue $26,116
TOTAL REVENUE $89,017

Expense Breakdown

Grants Paid $16,140
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $20,274
Other Expenses $10,520
TOTAL EXPENSES $26,660

Year-over-Year Comparison

2024 2023 Change
Revenue $89,017 $114,517 -0.2%
Expenses $26,660 $124,313 -0.8%
Net Income $62,357 $-9,796 -7.4%
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
15
Independent Members
15
Employees
N/A
Volunteers
4

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
6
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAWN ARNOLD BOARD MEMBER 3.00
Director
$0 $0 $0
SHAWN BAUER BOARD MEMBER 3.00
Director
$0 $0 $0
DAVID DEAN BOARD MEMBER 3.00
Director
$0 $0 $0
ANGIE GLYNN BOARD MEMBER 3.00
Director
$0 $0 $0
PETER GOERNER TREASURER 6.00
Officer Director
$0 $0 $0
JOSEPH HARDING PRESIDENT 3.00
Officer Director
$0 $0 $0
AMY JONES SECRETARY 3.00
Director
$0 $0 $0
CHLOE MOTON BOARD MEMBER 3.00
Officer Director
$0 $0 $0
JULIA REYNOLDS BOARD MEMBER 3.00
Director
$0 $0 $0
TRACIE RHYNEARSON BOARD MEMBER 3.00
Director
$0 $0 $0
PHIL STRACK BOARD MEMBER 3.00
Director
$0 $0 $0
JEN WHITSON BOARD MEMBER 3.00
Director
$0 $0 $0
MEGAN ZABOROWSKY VICE PRESIDE 3.00
Officer Director
$0 $0 $0
MICHAEL ZAFIROFF BOARD MEMBER 3.00
Director
$0 $0 $0
JILL GRIFFITH EXECUTIVE DI 3.00
Officer
$0 $0 $0
MARK WALLISCHECK EXECUTIVE DI 3.00
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 No data No data No data No data
2024 $89,017 $26,660 $473,855 $62,357
2023 $114,517 $124,313 $405,220 $-9,796
2022 $300,961 $105,225 $407,514 $195,736
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