Isle of Wight County Educational Foundation Inc (EIN 546062440) - 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

1959

Legal Domicile

Principal Officer

Michael King

Phone

7573573866

Tax Period

2023-07-01 to 2024-06-30

Isle of Wight County Education Foundation Inc, founded in 1959, is a community nonprofit in the Education sector that reported $5.3M in total revenue in fiscal year 2018.

Mission

Educational Services for children

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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 $53,558

Program Service Revenue $5,235,618

Investment Income $14,332

Other Revenue $178,116

TOTAL REVENUE $5,481,624

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,239,686

Fundraising Expenses $77,249

Program Expenses $5,089,166

Other Expenses $1,702,312

TOTAL EXPENSES $5,941,998

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,481,624	$5,435,754	+0.0%
Expenses	$5,941,998	$5,734,007	+0.0%
Net Income	$-460,374	$-298,253	+0.5%

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

121

Volunteers

200

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

$91,860

Total Directors

$91,860

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Munford	Headmaster/Secretary	40.00	Officer Director	$91,860	$0	$91,860
Michael J King	President	2.00	Officer Director	$0	$0	$0
Parker Scott Jr	Vice President	2.00	Officer Director	$0	$0	$0
Robert J Little III	Treasurer	2.00	Officer Director	$0	$0	$0
Leslie Babb Jr	Director	2.00	Director	$0	$0	$0
Thad Keyt	Director	2.00	Director	$0	$0	$0
A Dwight Doggett Jr	Director	2.00	Director	$0	$0	$0
Matt Cunningham	Director	2.00	Director	$0	$0	$0
Craig Stallings	Director	2.00	Director	$0	$0	$0
Larry I West	Director	2.00	Director	$0	$0	$0
Ken Morningstar	Director	2.00	Director	$0	$0	$0
Adrian Holland	Director	2.00	Director	$0	$0	$0
Terry Girard	Director	2.00	Director	$0	$0	$0
Phillip Upton	Director	2.00	Director	$0	$0	$0
Michael Kearns	Director	2.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2024	$5,481,624	$5,941,998	$5,105,866	$-460,374
2023	$5,435,754	$5,734,007	$5,558,237	$-298,253
2022	$5,411,642	$5,524,682	$5,901,585	$-113,040
2021	$4,615,379	$5,359,396	$5,992,818	$-744,017
2020	$5,116,411	$5,448,769	$6,236,894	$-332,358
2019	$5,285,280	$5,373,937	$6,052,989	$-88,657

Isle of Wight County Educational Foundation Inc