SALEM EDUCATION FOUNDATION

EIN: 541253003 501(c)(3) Education

SALEM, VA

Total Revenue
$845,700
Total Expenses
$275,555
Total Assets
$6,643,763
Net Assets
$6,643,763
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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
1983
Legal Domicile
VA
Principal Officer
THOMAS M MCDONALD III
Phone
5403896021
Tax Period
2025-01-01 to 2025-12-31

SALEM EDUCATION FOUNDATION, founded in 1983, is a small nonprofit in the Education sector that reported $846K in total revenue in fiscal year 2025. Revenue surged 96% from the prior year, signaling strong growth momentum. The organization ran a surplus of $570K, a strong 67% operating margin.

Mission

DEVELOP ENDOWMENTS WITH CONTRIBUTIONS FROM GRADUATES OF SALEM HIGH SCHOOL AND OTHER INTERESTED PARTIES; ENCOURAGE SALEM HIGH SCHOOL GRADUATES TO CONTINUE THEIR EDUCATIONS BY PROVIDING SCHOLARSHIPS; CREATE AN ALUMNI HALL OF FAME TO RECOGNIZE SALEM HIGH SCHOOL GRADUATES'OUTSTANDING ACHIEVEMENTS; PROMOTE THE PRINCIPLES OF GOOD CITIZENSHIP; ENCOURAGE SERVICE-MINDED PEOPLE TO SERVE THEIR COMMUNITY WITHOUT PERSONAL FINANCIAL REWARD.

Program Service Accomplishments

Program 1
Expenses: $216,809 Revenue: $448,880

PROVIDE SCHOLARSHIPS TO GRADUATING SENIORS OF SALEM HIGH SCHOOL SALEM, VIRGINIA

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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 (2025)

Revenue Breakdown

Contributions & Grants $448,880
Program Service Revenue $0
Investment Income $396,820
Other Revenue $0
TOTAL REVENUE $845,700

Expense Breakdown

Grants Paid $216,809
Salaries & Benefits $6,750
Fundraising Expenses $0
Program Expenses $216,809
Other Expenses $51,996
TOTAL EXPENSES $275,555

Year-over-Year Comparison

2025 2024 Change
Revenue $845,700 $431,926 +1.0%
Expenses $275,555 $250,796 +0.1%
Net Income $570,145 $181,130 +2.1%
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

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Governance

Voting Members
11
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
$6,750
Total Directors
11
$6,750
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS M MCDONALD III DIRECTOR, PRESIDENT 8.00
Officer Director
$0 $0 $0
MG JAMES ARCHER DIRECTOR & VICE PRESIDENT 0.10
Officer Director
$0 $0 $0
JAMES A ROBERTSON DIRECTOR & TREASURER 10.00
Officer Director
$0 $0 $0
JENNY PARRISH DIRECTOR & SECRETARY 5.00
Officer Director
$6,750 $0 $6,750
RICHARD HEDLEY DIRECTOR 0.10
Director
$0 $0 $0
WAYNE ATKINS DIRECTOR 0.10
Director
$0 $0 $0
TOMMY BARBER DIRECTOR 0.10
Director
$0 $0 $0
STEPHEN JANOFCHKA DIRECTOR 0.10
Director
$0 $0 $0
KELLEY LINKENHOKER DIRECTOR 0.10
Director
$0 $0 $0
MATT POLLARD DIRECTOR 0.10
Director
$0 $0 $0
ABBY COLEMAN DIRECTOR 0.10
Director
$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 $845,700 $275,555 $6,643,763 $570,145
2024 No data No data No data No data
2023 $287,998 $225,715 $5,301,948 $62,283
2022 $302,441 $231,354 $4,900,844 $71,087
2021 $333,099 $193,328 $5,510,575 $139,771
2020 $94,227 $135,659 $4,723,867 $-41,432
2019 $176,075 $178,769 $4,431,901 $-2,694
2018 $278,652 $187,998 $3,798,315 $90,654
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