The Topeka Public Schools Foundation (EIN 481017759) - 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

1986

Legal Domicile

Principal Officer

Megan Martin

Phone

7852953018

Tax Period

2023-01-01 to 2023-12-31

The Topeka Public Schools Foundation, founded in 1986, is a small nonprofit that reported $492K in total revenue in fiscal year 2023. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $995K exceeded revenue, resulting in a 102% operating deficit.

Mission

To enhance educational opportunities for all students through a partnership of our community and its public schools.

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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 $145,299

Program Service Revenue $0

Investment Income $355,886

Other Revenue $-9,072

TOTAL REVENUE $492,113

Expense Breakdown

Grants Paid $896,825

Salaries & Benefits $52,086

Fundraising Expenses $26,043

Program Expenses $912,045

Other Expenses $45,917

TOTAL EXPENSES $994,828

Year-over-Year Comparison

	2023	2022	Change
Revenue	$492,113	$5,696,245	-0.9%
Expenses	$994,828	$265,966	+2.7%
Net Income	$-502,715	$5,430,279	-1.1%

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

$52,086

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ethel Edwards	Director	1.00	Director	$0	$0	$0
Aric Harrington	Treasurer	1.00	Officer Director	$0	$0	$0
Miranda Carmona	Secretary	1.00	Officer Director	$0	$0	$0
Grant Gould	Director	1.00	Director	$0	$0	$0
Mark Carr	Director	1.00	Director	$0	$0	$0
Dick Carter	Director	1.00	Director	$0	$0	$0
Steve Dean	Director	1.00	Director	$0	$0	$0
Janel Johnson	President	1.00	Officer Director	$0	$0	$0
Megan Martin	Vice-President	1.00	Officer Director	$0	$0	$0
Rodney Harmon	Director	1.00	Director	$0	$0	$0
Chris Palmer	Director	1.00	Director	$0	$0	$0
Johanna McDaniel	Director	1.00	Director	$0	$0	$0
Luke Thompson	Director	1.00	Director	$0	$0	$0
Abby Lear	Director	1.00	Director	$0	$0	$0
Anton Ahrens	Director	1.00	Director	$0	$0	$0
Valerie Patterson	Director	1.00	Director	$0	$0	$0
Shampayne Lloyd	Director (Beg. Feb. 2023)	1.00	Director	$0	$0	$0
Tracy Wagner	Director (Beg. Feb. 2023)	1.00	Director	$0	$0	$0
Pamela Johnson-Betts	Executive Director	20.00	Officer	$52,086	$0	$52,086

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	$492,113	$994,828	$8,365,270	$-502,715
2022	$5,696,245	$265,966	$8,867,985	$5,430,279
2021	$390,476	$345,248	$3,437,706	$45,228
2020	$436,859	$118,951	$3,392,478	$317,908
2019	$796,835	$732,482	$3,074,570	$64,353
2018	$448,019	$450,464	$3,010,217	$-2,445

The Topeka Public Schools Foundation