HENDERSON COUNTY EDUCATION FOUNDATION INC (EIN 581734733) - 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

1986

Legal Domicile

Principal Officer

PEGGY MARSHALL

Phone

8286975551

Tax Period

2024-07-01 to 2025-06-30

HENDERSON COUNTY EDUCATION FOUNDATION INC, founded in 1986, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $442K, a strong 30% operating margin.

Mission

ENHANCE THE QUALITY OF LIFE IN HENDERSON COUNTY, NORTH CAROLINA BY ENRICHING THE EDUCATION OF STUDENTS, TEACHERS, AND THE LOCAL COMMUNITY.

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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 $1,380,299

Program Service Revenue $6,966

Investment Income $69,277

Other Revenue $7,731

TOTAL REVENUE $1,464,273

Expense Breakdown

Grants Paid $264,933

Salaries & Benefits $112,264

Fundraising Expenses $50,591

Program Expenses $881,495

Other Expenses $644,694

TOTAL EXPENSES $1,021,891

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,464,273	$982,044	+0.5%
Expenses	$1,021,891	$739,262	+0.4%
Net Income	$442,382	$242,782	+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

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
MARK RUSSELL	PRESIDENT	3.00	Officer Director	$0	$0	$0
DAN POETA	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
JESSICA MCALISTER	SECRETARY	3.00	Officer Director	$0	$0	$0
MICHELLE MULLINAX	TREASURER	3.00	Officer Director	$0	$0	$0
KIMBRELL ARROWOOD	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE BECKER	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN BOLLEN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CANO	DIRECTOR	1.00	Director	$0	$0	$0
DOT CASE	DIRECTOR	1.00	Director	$0	$0	$0
JUDY EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
GRAHAM FIELDS	DIRECTOR	1.00	Director	$0	$0	$0
BROCK GOODLING	DIRECTOR	1.00	Director	$0	$0	$0
BRADLEY JONES	DIRECTOR	1.00	Director	$0	$0	$0
AMY LAUGHTER	DIRECTOR	1.00	Director	$0	$0	$0
MELISA SOTO ESCOBAR	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA STATON	DIRECTOR	1.00	Director	$0	$0	$0
JIMMIE LYNN WHITMIRE	DIRECTOR	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	$1,464,273	$1,021,891	$1,979,699	$442,382
2024	$982,044	$739,262	$1,488,782	$242,782
2023	$602,084	$597,908	$1,197,428	$4,176
2022	$600,776	$499,919	$1,174,642	$100,857
2021	$432,723	$456,816	$1,226,226	$-24,093
2020	$438,913	$745,540	$1,113,569	$-306,627
2019	$491,084	$519,179	$1,401,457	$-28,095

HENDERSON COUNTY EDUCATION FOUNDATION INC