EAST WAKE EDUCATION FOUNDATION

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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

1993

Legal Domicile

Principal Officer

LESIA MCKENZIE

Phone

9193665901

Tax Period

2023-07-01 to 2024-06-30

EAST WAKE EDUCATION FOUNDATION, founded in 1993, is a small nonprofit in the Human Services sector that reported $223K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $259K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE YOUNG CHILDREN AND THEIR FAMILIES IN EASTERN WAKE COUNTY ACCESS TO QUALITY PRESCHOOL AND A NETWORK OF EDUCATIONAL AND DEVELOPMENTAL RESOURCES.

Program Service Accomplishments

Program 1

Expenses: $160,718

PROVIDED FREE PRESCHOOL AND EDUCATIONAL OUTREACH SERVICES AND PROGRAMS TO CHILDREN FROM BIRTH THROUGH AGE FIVE AND THEIR PARENTS AND CAREGIVERS.

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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 $109,847

Program Service Revenue $0

Investment Income $2,232

Other Revenue $111,291

TOTAL REVENUE $223,370

Expense Breakdown

Grants Paid $0

Salaries & Benefits $162,737

Fundraising Expenses $36,224

Program Expenses $160,718

Other Expenses $96,661

TOTAL EXPENSES $259,398

Year-over-Year Comparison

	2023	2022	Change
Revenue	$223,370	$304,285	-0.3%
Expenses	$259,398	$223,097	+0.2%
Net Income	$-36,028	$81,188	-1.4%

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

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

$58,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESIA MCKENZIE	PRESIDENT	1.50	Officer Director	$0	$0	$0
SHAUN VENEBLE	VICE PRESIDE	1.50	Officer Director	$0	$0	$0
SHANNON HARDY	SECRETARY	1.50	Officer Director	$0	$0	$0
JESSICA HARRISON	TREASURER	1.50	Officer Director	$0	$0	$0
GINNA GRAY	DIRECTOR	1.00	Director	$0	$0	$0
DARRELL JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
MARY F MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELYN RAPER	DIRECTOR	1.00	Director	$0	$0	$0
JON ROY	DIRECTOR	1.00	Director	$0	$0	$0
SHELLY RYAN	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE SELLERS	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON WHITE	EXECUTIVE DI	40.00	Officer	$58,000	$0	$58,000

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	$223,370	$259,398	$367,137	$-36,028
2023	$304,285	$223,097	$403,275	$81,188
2022	$190,209	$175,298	$321,756	$14,911
2021	$170,128	$126,209	$322,034	$43,919
2020	$143,888	$121,528	$277,051	$22,360
2019	$172,074	$129,326	$239,313	$42,748