HENRICO EDUCATION FOUNDATION INC (EIN 541893274) - 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

1993

Legal Domicile

Principal Officer

JENNIFER BOYLE

Phone

8048779400

Tax Period

2024-07-01 to 2025-06-30

HENRICO EDUCATION FOUNDATION INC, founded in 1993, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2017. Revenue surged 152% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 12% surplus.

Mission

TO STRENGTHEN PUBLIC EDUCATION BY ADVANCING INNOVATIVE PROGRAMS AND INITIATIVES DESIGNED TO IMPROVE STUDENT ACHIEVEMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,313,890

Program Service Revenue $2,442,030

Investment Income $155,169

Other Revenue $146,395

TOTAL REVENUE $8,057,484

Expense Breakdown

Grants Paid $579,175

Salaries & Benefits $3,706,425

Fundraising Expenses $808,782

Program Expenses $5,160,937

Other Expenses $3,449,824

TOTAL EXPENSES $7,735,424

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,057,484	$8,491,128	-0.1%
Expenses	$7,735,424	$7,938,462	0.0%
Net Income	$322,060	$552,666	-0.4%

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

Governance

Voting Members

Independent Members

Employees

264

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

$499,139

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM SMITH	CHAIR	1.00	Officer Director	$0	$0	$0
MICKY OGBURN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KIM SUTTON	TREASURER	1.00	Officer Director	$0	$0	$0
CHASITY MILLER	SECRETARY	1.00	Officer Director	$0	$0	$0
DAN BERLIN	DIRECTOR	0.50	Director	$0	$0	$0
ANNE POATES	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER CULHANE	DIRECTOR	0.50	Director	$0	$0	$0
CEDRIC GREEN	DIRECTOR	0.50	Director	$0	$0	$0
TERONE GREEN	DIRECTOR	0.50	Director	$0	$0	$0
STEPHEN HALSEY	DIRECTOR	0.50	Director	$0	$0	$0
BLAKE HODGES	DIRECTOR	0.50	Director	$0	$0	$0
RAJBANS JOSHI	DIRECTOR	0.50	Director	$0	$0	$0
MICHELLE MCQUEEN-WILLIAMS	DIRECTOR	0.50	Director	$0	$0	$0
JESSICA BRAUM	DIRECTOR	0.50	Director	$0	$0	$0
RENEE FISHER	DIRECTOR	0.50	Director	$0	$0	$0
AMY BOYLE	DIRECTOR	0.50	Director	$0	$0	$0
DEBORAH JONAS	DIRECTOR	0.50	Director	$0	$0	$0
EBONIE ATKINS	DIRECTOR	0.50	Director	$0	$0	$0
STEPHANIE DANIEL	DIRECTOR	0.50	Director	$0	$0	$0
DAMON JIGGETTS	CHIEF EXECUTIVE OFFICER	50.00	Officer	$168,265	$0	$168,265
ROBIN ROWLAND	CHIEF OPERATING OFFICER	50.00	Officer	$119,640	$0	$119,640
JACOB SHIVELY	CHIEF DEVELOPMENT OFFICER	50.00	Officer	$115,953	$0	$115,953
AMY BURKE	CHIEF HUMAN RESOURCES OFFI	50.00	Officer	$95,281	$0	$95,281

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	$8,057,484	$7,735,424	$4,907,285	$322,060
2024	No data	No data	No data	No data
2023	$9,901,546	$9,674,229	$2,571,093	$227,317
2022	$10,032,205	$8,531,271	$3,251,302	$1,500,934
2021	$5,313,927	$4,718,115	$1,910,582	$595,812
2020	$2,938,287	$2,814,241	$1,039,944	$124,046
2019	$1,503,798	$1,544,781	$763,891	$-40,983
2018	$1,755,388	$1,538,480	$1,138,765	$216,908

HENRICO EDUCATION FOUNDATION INC