WHITFIELD EDUCATION FOUNDATION INC (EIN 581960864) - 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

Legal Domicile

Principal Officer

JOSEPH FARMER

Phone

7062717267

Tax Period

2023-07-01 to 2024-06-30

WHITFIELD EDUCATION FOUNDATION INC is a small nonprofit that reported $301K in total revenue in fiscal year 2023. The organization ran a surplus of $72K, a strong 24% operating margin.

Mission

TO ENRICH THE LOCAL SCHOOLS IN AREAS NOT FUNDED IN THE REGULAR SCHOOL PROGRAMS AND TO REWARD EXCELLENCE IN ACADEMIC ACHIEVEMANT AND RECOGNIZE OUTSTANDING CONTRIBUTIONS TO THE 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 (2023)

Revenue Breakdown

Contributions & Grants $79,303

Program Service Revenue $0

Investment Income $33,708

Other Revenue $188,292

TOTAL REVENUE $301,303

Expense Breakdown

Grants Paid $122,626

Salaries & Benefits $71,949

Fundraising Expenses $0

Program Expenses $122,626

Other Expenses $35,131

TOTAL EXPENSES $229,706

Year-over-Year Comparison

	2023	2022	Change
Revenue	$301,303	$286,553	+0.1%
Expenses	$229,706	$212,744	+0.1%
Net Income	$71,597	$73,809	0.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD BRADLEY	TRUSTEE	N/A	Director	$0	$0	$0
HEATH CAYLOR	TRUSTEE	N/A	Director	$0	$0	$0
LESA DOWNEY	TRUSTEE	N/A	Director	$0	$0	$0
JOSEPH FARMER	PRESIDENT	N/A	Officer Director	$0	$0	$0
KEN GOWIN	TRUSTEE	N/A	Director	$0	$0	$0
TYSON GRIFFIN	TRUSTEE	N/A	Director	$0	$0	$0
PAT HOLLOWAY	TRUSTEE	N/A	Director	$0	$0	$0
TODD JOHNSON	TRUSTEE	N/A	Director	$0	$0	$0
CAROL KNIGHT	TREASURER	N/A	Officer Director	$0	$0	$0
TERESA LEWALLEN	TRUSTEE	N/A	Director	$0	$0	$0
GARY MIDDLETON	TRUSTEE	N/A	Director	$0	$0	$0
STEVEN NEALEY	TRUSTEE	N/A	Director	$0	$0	$0
JOE REMILLARD	VICE PRESIDE	N/A	Officer 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	No data	No data	No data	No data
2024	$301,303	$229,706	$953,919	$71,597
2023	$286,553	$212,744	$882,322	$73,809
2022	$272,309	$173,090	$808,513	$99,219
2021	$264,624	$161,800	$709,294	$102,824

WHITFIELD EDUCATION FOUNDATION INC