PITT COUNTY EDUCATIONAL FOUNDATION… - 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

1986

Legal Domicile

Principal Officer

ELIZABETH N ULFFERS

Phone

2528304223

Tax Period

2023-01-01 to 2023-12-31

PITT COUNTY EDUCATIONAL FOUNDATION INC, founded in 1986, is a small nonprofit that reported $311K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $290K left a modest 7% surplus.

Mission

TRANSFORMING OUR COMMUNITY THROUGH EXCELLENCE IN PITT COUNTY PUBLIC EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $198,397 Revenue: $17,490

PITT COUNTY EDUCATIONAL FOUNDATION, INC. AWARDS NUMEROUS SCHOLARSHIPS TO STUDENTS OF PITT COUNTY SCHOOLS EACH YEAR TO ASSIST WITH HIGHER EDUCATIONAL ENDEAVORS. THE FOUNDATION ALSO PROVIDES VARIOUS...

PITT COUNTY EDUCATIONAL FOUNDATION, INC. AWARDS NUMEROUS SCHOLARSHIPS TO STUDENTS OF PITT COUNTY SCHOOLS EACH YEAR TO ASSIST WITH HIGHER EDUCATIONAL ENDEAVORS. THE FOUNDATION ALSO PROVIDES VARIOUS AWARDS FOR STUDENT RECOGNITIONS. IN ADDITION, THE FOUNDATION SUPPORTS DIFFERENT PROGRAMS OF PITT COUNTY SCHOOLS WHICH BENEFIT AND ENHANCE THE EDUCATIONAL EXPERIENCE OF THE STUDENTS OF PITT COUNTY SCHOOLS.

Program 2

Expenses: $72,222

PITT COUNTY EDUCATIONAL FOUNDATION, INC. PROVIDES FOR THE ADVANCEMENT OF TEACHER/EDUCATOR INITIATIVES THROUGH INTERACTION WITH LOCAL BUSINESSES, MINI-GRANT FUNDING, TRAINING, AWARDS AND RECOGNITIONS...

Program 3

THE FOUNDATION ASSISTS OTHER AGENCIES/ORGANIZATIONS WHICH ARE ESTABLISHED TO ENHANCE THE QUALITY OF EDUCATION PROVIDED BY PITT COUNTY SCHOOLS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $274,029

Program Service Revenue $17,490

Investment Income $12,174

Other Revenue $7,188

TOTAL REVENUE $310,881

Expense Breakdown

Grants Paid $134,440

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $270,619

Other Expenses $155,913

TOTAL EXPENSES $290,353

Year-over-Year Comparison

	2023	2022	Change
Revenue	$310,881	$268,502	+0.2%
Expenses	$290,353	$303,184	0.0%
Net Income	$20,528	$-34,682	-1.6%

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

100

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

$103,002

Total Directors

$271,232

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ETHAN LENKER	DIRECTOR	1.00	Director	$0	$11,340	$271,232
DEBRA BAGGETT	TREASURER	1.00		$0	$16,264	$136,509
ELIZABETH N ULFFERS	EXEC DIRECTO	30.00	Officer	$0	$7,990	$103,002
AINSLEY VAN BUSKIRK	TEACHER OF T	0.50	Director	$0	$0	$0
PATRICIA CLARK	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON COVINGTON	PRINCIPAL OF	0.50	Director	$0	$0	$0
MATT DANIEL	TEACHER OF T	0.50	Director	$0	$0	$0
SARAH DAVENPORT	DIRECTOR	1.00	Director	$0	$0	$0
BETSY FLANAGAN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF GIBSON	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW HERDMAN	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY HITE	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY HOLDEMAN	DIRECTOR	1.00	Director	$0	$0	$0
HL STEPHENSON III	DIRECTOR	1.00	Director	$0	$0	$0
TOM KULIKOWSKI	CHAIRMAN	1.50	Officer Director	$0	$0	$0
ERNIS LEE	DIRECTOR	1.00	Director	$0	$0	$0
JOSH LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER LOCKLEAR	DIRECTOR	1.00	Director	$0	$0	$0
DR TAYLOR MATKINS	PRINCIPAL OF	0.50	Director	$0	$0	$0
TRENT MCGEE	CHAMBER OF C	0.50	Director	$0	$0	$0
FREEMAN PAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
DAWN RAIFORD	DIRECTOR	1.00	Director	$0	$0	$0
DON RHODES	PCBOE MEMBER	0.50	Director	$0	$0	$0
BYNUM SATTERWHITE	DIRECTOR	1.00	Director	$0	$0	$0
VAN SMITH	VICE-CHAIRMA	1.00	Officer Director	$0	$0	$0
FRANCES YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HARDY	TREASURER	N/A	Officer	$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
2024	No data	No data	No data	No data
2023	$310,881	$290,353	$1,254,416	$20,528
2022	$268,502	$303,184	$1,193,791	$-34,682
2021	$262,168	$173,733	$1,194,591	$88,435
2020	$283,426	$214,638	$1,120,578	$68,788
2019	$359,723	$286,589	$1,051,484	$73,134
2018	$327,794	$323,972	$1,029,221	$3,822

PITT COUNTY EDUCATIONAL FOUNDATION INC