THE SCHOOL FOUNDATION INC

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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

2000

Legal Domicile

Principal Officer

MINDY TAYLOR

Phone

8436629996

Tax Period

2024-07-01 to 2025-06-30

THE SCHOOL FOUNDATION INC, founded in 2000, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $954K in total revenue in fiscal year 2024. Revenue surged 174% from the prior year, signaling strong growth momentum. The organization ran a surplus of $611K, a strong 64% operating margin.

Mission

THE SCHOOL FOUNDATION PROMOTES EDUCATIONAL EXCELLENCE IN FLORENCE 1 SCHOOLS THROUGH GRANTS FOR INNOVATIVE LEARNING AND THROUGH HIGH IMPACT INITIATIVES DESIGNED TO PREPARE ALL STUDENTS FOR SUCCESS.

Program Service Accomplishments

Program 1

Expenses: $198,052

PASS-THROUGH GRANTS RECEIVED FROM A FOUNDATION PROVIDED FOR THE FOLLOWING:EMPOWERING STUDENTS LIFE SKILLS EXPERIENCE THROUGH LAUNDROMAT ACCESS (ADVANTAGE ACADEMY) $10,000.THE LEDGER LINE INITIATIVE (WILSON HIGH SCHOOL BAND) $35,000.RHYTHMS OF THE PALMETTO GROOVING THROUGH SC'S DANCE HISTORY (BROCKINGTON ELEMENTARY SCHOOL) $17,510.MAKING SENSE OF THE SCHOOL DAY (ROYAL ELEMENTARY SCHOOL AND OCCUPATIONAL THERAPY SENSORY ITEMS FOR ALL FLORENCE ONE SCHOOLS)SENSORY SPARKS (RN BECK CHILD DEVELOPMENT CENTER, CHILD DEVELOPMENT CENTER AT WOODS ROAD, BROCKINGTON ELEMENTARY SCHOOL, AND DEWEY L CARTER ELEMENTARY SCHOOL) $ 25,469.BLUE ZONE (ALL FLORENCE ONE SCHOOLS) $30,500.THE REMAINING EXPENSES WERE ADDITIONAL COSTS THE SCHOOL FOUNDATION EXPENDED IN VARIOUS OTHER SMALL PROGRAMS BENEFITING FLORENCE 1 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 (2024)

Revenue Breakdown

Contributions & Grants $233,190

Program Service Revenue $0

Investment Income $721,291

Other Revenue $0

TOTAL REVENUE $954,481

Expense Breakdown

Grants Paid $168,479

Salaries & Benefits $116,412

Fundraising Expenses $44,976

Program Expenses $198,052

Other Expenses $58,766

TOTAL EXPENSES $343,657

Year-over-Year Comparison

	2024	2023	Change
Revenue	$954,481	$348,704	+1.7%
Expenses	$343,657	$324,720	+0.1%
Net Income	$610,824	$23,984	+24.5%

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

$78,621

Total Directors