Buncombe County Schools Foundation Inc (EIN 581685536) - 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

1987

Legal Domicile

Principal Officer

Alex Diez

Phone

8282324190

Tax Period

2024-07-01 to 2025-06-30

Buncombe County Schools Foundation Inc, founded in 1987, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $472K, a strong 22% operating margin.

Mission

To establish partnerships with local individuals, businesses, corporations and other foundations for the purpose of supporting education in the Buncombe County School System.

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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 $1,671,009

Program Service Revenue $12,791

Investment Income $488,920

Other Revenue $0

TOTAL REVENUE $2,172,720

Expense Breakdown

Grants Paid $1,429,133

Salaries & Benefits $46,472

Fundraising Expenses $19,569

Program Expenses $1,551,164

Other Expenses $225,589

TOTAL EXPENSES $1,701,194

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,172,720	$1,158,157	+0.9%
Expenses	$1,701,194	$986,613	+0.7%
Net Income	$471,526	$171,544	+1.7%

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

$45,448

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christy Cheek	Executive Director	29.00	Officer	$0	$0	$45,448
Alex Diez	President	2.00	Officer Director	$0	$0	$0
Dana Jones	Vice-President	2.00	Officer Director	$0	$0	$0
Kim Plemmons	Treasurer	2.00	Officer Director	$0	$0	$0
Fairley Patton	Secretary	2.00	Officer Director	$0	$0	$0
Dan Anderson	Board Member	2.00	Officer Director	$0	$0	$0
Glenda Bailey	Board Member	1.00	Director	$0	$0	$0
Meredith Begley	Board Member	1.00	Director	$0	$0	$0
Debbie Bryant	Board Member	1.00	Director	$0	$0	$0
Victoria Dunkle	Board Member	1.00	Director	$0	$0	$0
Shelia Elingburg	Board Member	1.00	Director	$0	$0	$0
Napolean Spencer	Board Member	1.00	Director	$0	$0	$0
Bob Roberts	Board Member	1.00	Director	$0	$0	$0
Candie Sellers	Board Member	1.00	Director	$0	$0	$0
Steven Sizemore	Board Member	1.00	Director	$0	$0	$0
Nicole Ferrill	Board Member	1.00	Director	$0	$0	$0
Stanley Wheless	Board Member	1.00	Director	$0	$0	$0
Glenda Weinert	Board Member	1.00	Director	$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	$2,172,720	$1,701,194	$5,999,255	$471,526
2024	$1,158,157	$986,613	$5,563,499	$171,544
2023	$749,797	$832,389	$4,950,465	$-82,592
2022	$1,485,817	$878,026	$4,741,300	$607,791
2021	$1,007,999	$910,611	$5,505,556	$97,388
2020	$436,245	$497,926	$4,865,875	$-61,681
2019	$515,981	$540,571	$4,871,671	$-24,590
2018	$493,651	$775,423	$4,828,578	$-281,772

Buncombe County Schools Foundation Inc