ASHEBORO CITY SCHOOLS EDUCATION FOUNDATION (EIN 561761842) - Form 990 Financial Analysis & Trantor Score

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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

1991

Legal Domicile

Principal Officer

Kristen Wright

Phone

3366255104

Tax Period

2023-07-01 to 2024-06-30

ASHEBORO CITY SCHOOLS EDUCATION FOUNDATION, founded in 1991, is a micro nonprofit in the Education sector that reported $95K in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $42K, a strong 44% operating margin.

Mission

To provide continuing support of Asheboro City Schools and its educational programs and provide philanthropic opportunities allowing donors to make gifts which will improve the quality of education for students in the Asheboro City 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 $71,864

Program Service Revenue $0

Investment Income $22,912

Other Revenue $0

TOTAL REVENUE $94,776

Expense Breakdown

Grants Paid $37,050

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37,050

Other Expenses $16,191

TOTAL EXPENSES $53,241

Year-over-Year Comparison

	2023	2022	Change
Revenue	$94,776	$251,574	-0.6%
Expenses	$53,241	$83,628	-0.4%
Net Income	$41,535	$167,946	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sandra Spivey	Vice President	0.5	Officer	$0	$9	$9
Carla Freemyer	Member at Large	2	Director	$0	$0	$0
Carle Hall	Member at Large	0.25	Director	$0	$0	$0
Sam Ramsey	Member at Large	0.25	Director	$0	$0	$0
Janice Kite	Member at Large	0.25	Director	$0	$0	$0
Kathryn Lail	Member at Large	0.25	Director	$0	$0	$0
Aaron Woody	President	0.25	Officer	$0	$0	$0
Kristen Wright	Treasurer	3	Officer	$0	$0	$0
Mikayla Smith	Secretary	1	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
2025	No data	No data	No data	No data
2024	$94,776	$53,241	$986,347	$41,535
2023	$251,574	$83,628	$878,983	$167,946
2022	$70,492	$36,356	$655,638	$34,136
2021	$94,932	$35,172	$690,325	$59,760

ASHEBORO CITY SCHOOLS EDUCATION FOUNDATION