THE SCHOOLS 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

Phone

2565352080

Tax Period

2024-07-01 to 2025-06-30

THE SCHOOLS FOUNDATION INC, founded in 2000, is a small nonprofit in the Education sector that reported $631K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $119K, a strong 19% operating margin.

Mission

The Foundation serves as an education advocate and provides a central voice for strategic engagement on issues relating to education which impact our schools. We interact with local and state leaders and education stakeholders, while serving as a vehicle for individuals and businesses to support public education in Madison County.

Program Service Accomplishments

Program 1

Expenses: $171,898

Provide support for initiatives that promote high expectations for professional leadership and financial Support for educational needs across districts with focus on cross-district collaboration...

Provide support for initiatives that promote high expectations for professional leadership and financial Support for educational needs across districts with focus on cross-district collaboration. Suport includes the Elevate Our Educators Program and support of other educational programs.

Program 2

Expenses: $108,575

NBCT - RAISE YOUR HAND IS A BOLD INITIATIVE TO HAVE THE NATION'S HIGHEST CONCENTRATION OF NATIONAL BOARD CERTIFIED TEACHERS, OR NBCTS, IN OUR HUNTSVILLE CITY, MADISON CITY, AND MADISON COUNTY SCHOOL SYSTEMS. NATIONAL BOARD CERTIFICATION IS THE MOST RESPECTED PROFESSIONAL CERTIFICATION AVAILABLE IN K-12 EDUCATION. THE INITIATIVE IS A PARTNERSHIP OF THE CREATIVE CITIES FUND, THE PHILANTHROPIC ARM OF THE HUNTSVILLE COMMITTEE OF 100, AND THE SCHOOLS FOUNDATION. THE $1 MILLION GOAL WILL FUND 500 NEW NBCTS IN FIVE YEARS ACROSS THE THREE SCHOOL SYSTEMS IN MADISON COUNTY.

Program 3

Expenses: $49,773

Early Literacy Program - The program provides teachers with high-quality reading instruction training to enable children to become confident and skilled readers.

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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 $596,290

Program Service Revenue $0

Investment Income $50,725

Other Revenue $-16,055

TOTAL REVENUE $630,960

Expense Breakdown

Grants Paid $78,065

Salaries & Benefits $117,804

Fundraising Expenses $38,975

Program Expenses $408,311

Other Expenses $316,116

TOTAL EXPENSES $511,985

Year-over-Year Comparison

	2024	2023	Change
Revenue	$630,960	$418,724	+0.5%
Expenses	$511,985	$453,141	+0.1%
Net Income	$118,975	$-34,417	-4.5%

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

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

$70,350

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DREW HARTT YARBROUGH	SECRETARY	4.0	Officer Director	$0	$0	$0
MARY BETH WILSON	PRESIDENT	4.0	Officer Director	$0	$0	$0
PAIGE NIX	TREASURER	4.0	Officer Director	$0	$0	$0
TARON THORPE	VICE PRESIDENT	4.0	Officer Director	$0	$0	$0
AMBER MONTGOMERY	DIRECTOR	1.0	Director	$0	$0	$0
Ana Santos-Diaz	Director	1.0	Director	$0	$0	$0
DEBRA WEST	DIRECTOR	1.0	Director	$0	$0	$0
ERIN COBB	DIRECTOR	1.0	Director	$0	$0	$0
LAURA BARNARD	DIRECTOR	1.0	Director	$0	$0	$0
LIBBY PARKER	DIRECTOR	1.0	Director	$0	$0	$0
LORI LIGHT	DIRECTOR	1.0	Director	$0	$0	$0
MARK DEBRO	DIRECTOR	1.0	Director	$0	$0	$0
MELANIE FORBES	DIRECTOR	1.0	Director	$0	$0	$0
PAT GARNER	DIRECTOR	1.0	Director	$0	$0	$0
SARAH FANNING	DIRECTOR	1.0	Director	$0	$0	$0
SHANNON NEBLETT	DIRECTOR	1.0	Director	$0	$0	$0
SYDNEY MARTIN	DIRECTOR	1.0	Director	$0	$0	$0
TAMMY SUMMERVILLE	DIRECTOR	1.0	Director	$0	$0	$0
JEANNE GREER	EXECUTIVE DIRECTOR	40.0	Officer	$70,350	$0	$70,350

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	$630,960	$511,985	$1,080,148	$118,975
2024	$418,724	$453,141	$934,314	$-34,417
2023	$603,241	$429,530	$929,802	$173,711
2022	$475,213	$455,443	$713,585	$19,770
2022	$475,213	$455,443	$730,635	$19,770
2021	$473,951	$361,422	$691,809	$112,529
2020	$394,719	$244,846	$581,301	$149,873
2019	$751,229	$801,520	$432,071	$-50,291