Madison County Education Foundation Incorporated

EIN: 581986660 501(c)(3) Education

Marshall, NC

Total Revenue
$95,577
Total Expenses
$112,340
Total Assets
$261,724
Net Assets
N/A
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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
1985
Legal Domicile
NC
Phone
8286499276
Tax Period
2023-07-01 to 2024-06-30

Madison County Education Foundation Incorporated, founded in 1985, is a micro nonprofit in the Education sector that reported $96K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $112K exceeded revenue, resulting in a 18% operating deficit.

Mission

To provide assistance to Madison County Schools through the Administration of Scholarships and Direct Services to Students

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $95,577
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $95,577

Expense Breakdown

Grants Paid $112,340
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $112,340

Year-over-Year Comparison

2023 2022 Change
Revenue $95,577 $178,323 -0.5%
Expenses $112,340 $20,021 +4.6%
Net Income $-16,763 $158,302 -1.1%
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

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL WALLIN Treasurer N/A
Officer
$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
2024 $95,577 $112,340 $261,724 $-16,763
2023 $178,323 $20,021 $278,486 $158,302
2021 $96,808 $93,186 $115,180 $3,622
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