THE PERQUIMANS COUNTY SCHOOLS FOUN… - Form 990 Financial Data

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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

2003

Legal Domicile

Principal Officer

BRENDA LASSITER

Phone

2524265741

Tax Period

2024-07-01 to 2025-06-30

THE PERQUIMANS COUNTY SCHOOLS FOUNDATIONINC, founded in 2003, is a small nonprofit in the Education sector that reported $477K in total revenue in fiscal year 2024. The organization ran a surplus of $76K, a strong 16% operating margin.

Mission

TO PROMOTE AND SUPPORT ACADEMIC ACHIEVEMENT AND SCHOLARLY RESEARCH BY STUDENTS AND SCHOOL EMPLOYEES THROUGH SCHOLARSHIP AND GRANT AWARDS.

Program Service Accomplishments

Program 1

Expenses: $317,042

SCHOLARSHIPS PRESENTED TO STUDENTS DURING THE YEAR TO PROMOTE AND SUPPORT ACEDEMIC ACHIEVEMENT.

Program 2

Expenses: $3,835

VARIOUS PROJECTS FOR PERQUIMANS COUNTY SCHOOLS SUPPORTED SUCH AS FIELD TRIP TO LIVESTOCK SHOW TO LEARN ABOUT ANIMALS FOR ALL SECOND GRADERS WITH LUNCH PROVIDED, AND SWIMMING LESSONS FOR ALL...

VARIOUS PROJECTS FOR PERQUIMANS COUNTY SCHOOLS SUPPORTED SUCH AS FIELD TRIP TO LIVESTOCK SHOW TO LEARN ABOUT ANIMALS FOR ALL SECOND GRADERS WITH LUNCH PROVIDED, AND SWIMMING LESSONS FOR ALL KINDERGARTEN STUDENTS.

Program 3

Expenses: $1,167

AWARDS TO RECOGNIZE OUTSTANDING TEACHERS AND PRINCIPALS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $392,395

Program Service Revenue $0

Investment Income $56,148

Other Revenue $28,505

TOTAL REVENUE $477,048

Expense Breakdown

Grants Paid $0

Salaries & Benefits $73,550

Fundraising Expenses $0

Program Expenses $322,044

Other Expenses $327,366

TOTAL EXPENSES $400,916

Year-over-Year Comparison

	2024	2023	Change
Revenue	$477,048	$474,613	+0.0%
Expenses	$400,916	$307,654	+0.3%
Net Income	$76,132	$166,959	-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

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

$31,683

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARSON STALLINGS	PRESIDENT	N/A	Officer	$0	$0	$0
YVONNE HONZA	VPRESIDENT	N/A	Officer	$0	$0	$0
BRENDA LASSITER	SECRETARY/TR	25.00	Officer	$31,683	$0	$31,683

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	$477,048	$400,916	$1,333,075	$76,132
2024	$474,613	$307,654	$1,215,012	$166,959
2023	$362,882	$178,150	$993,387	$184,732
2022	$410,996	$413,065	$757,102	$-2,069
2021	$229,691	$128,622	$911,954	$101,069

THE PERQUIMANS COUNTY SCHOOLS FOUNDATIONINC