HARRISONBURG EDUCATION FOUNDATION INC (EIN 541746901) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

MEGHAN SCHENKER-FULCHER

Phone

5404349916

Tax Period

2023-07-01 to 2024-06-30

HARRISONBURG EDUCATION FOUNDATION INC, founded in 1994, is a small nonprofit in the Education sector that reported $111K in total revenue in fiscal year 2020. The organization ran a surplus of $54K, a strong 49% operating margin.

Mission

HARRISONBURG EDUCATION FOUNDATION ENHANCES CONNECTIONS BETWEEN OUR COMMUNITY AND HARRISONBURG CITY PUBLIC SCHOOLS TO SUPPORT ENGAGING LEARNING EXPERIENCES, EDUCATOR APPRECIATION, AND STUDENT SCHOLARSHIPS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $59,256

Program Service Revenue $0

Investment Income $14,624

Other Revenue $349

TOTAL REVENUE $74,229

Expense Breakdown

Grants Paid $59,907

Salaries & Benefits $0

Fundraising Expenses $8,284

Program Expenses $63,409

Other Expenses $17,884

TOTAL EXPENSES $77,791

Year-over-Year Comparison

	2023	2022	Change
Revenue	$74,229	$222,683	-0.7%
Expenses	$77,791	$123,549	-0.4%
Net Income	$-3,562	$99,134	-1.0%

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

$64,843

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE WARD	CHAIR	5.00	Officer Director	$0	$0	$0
ISAAC HUTCHINSON	VICE CHAIR	5.00	Officer Director	$0	$0	$0
DIANE FOUCAR-SZOCKI	TREASURER	5.00	Officer Director	$0	$0	$0
PAUL CAMBELL	SECRETARY	5.00	Officer Director	$0	$0	$0
ADAM COPELAND	DIRECTOR	1.00	Director	$0	$0	$0
ONESIMO BALTAZAR CORONA	DIRECTOR	1.00	Director	$0	$0	$0
YENI DOTTIN-CARTER	DIRECTOR	1.00	Director	$0	$0	$0
ANGIE GOCHENOUR	DIRECTOR	1.00	Director	$0	$0	$0
MARGEE GREENFIELD	DIRECTOR	1.00	Director	$0	$0	$0
VIRGINIA HEALY	DIRECTOR	1.00	Director	$0	$0	$0
SEAN HESSE	DIRECTOR	1.00	Director	$0	$0	$0
ELLIE HOLSOPPLE	DIRECTOR	1.00	Director	$0	$0	$0
ANDRIENNE HOOKER	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL LINDEN	DIRECTOR	1.00	Director	$0	$0	$0
EVELYN OLA	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA PONTON	DIRECTOR	1.00	Director	$0	$0	$0
KATIE RANKIN	DIRECTOR	1.00	Director	$0	$0	$0
MEGHAN SCHENKER-FULCHER	DIRECTOR	1.00	Director	$0	$0	$0
CODY OLIVER	EXECUTIVE DIRECTOR	37.50	Officer	$0	$23,697	$64,843

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	$74,229	$77,791	$598,491	$-3,562
2023	$222,683	$123,549	$700,858	$99,134
2022	$157,320	$82,625	$581,970	$74,695
2021	$111,013	$57,170	$620,929	$53,843

HARRISONBURG EDUCATION FOUNDATION INC