GREENWOOD EDUCATION FOUNDATION INC… - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

STAN CARTER

Phone

4794743454

Tax Period

2024-01-01 to 2024-12-31

GREENWOOD EDUCATION FOUNDATION INC GREENWOOD EDUCATION FOUNDATION INC, founded in 1996, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $85K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Net assets of $469K represent 66 months of operating reserves.

Mission

TO SUPPORT EDUCATIONAL PROGRAMS IN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $88,837

TO PROVIDED FUNDS FOR PROGRAMS AND GRANTS NEEDED BY TEACHERS AND THE DISTRICT, WHICH CANNOT BE FUNDED BY THE DISTRICT.

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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 $57,526

Program Service Revenue $0

Investment Income $27,535

Other Revenue $0

TOTAL REVENUE $85,061

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $88,837

Other Expenses $88,849

TOTAL EXPENSES $88,849

Year-over-Year Comparison

	2024	2023	Change
Revenue	$85,061	$138,857	-0.4%
Expenses	$88,849	$85,880	+0.0%
Net Income	$-3,788	$52,977	-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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDDY BESHEARS	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
STAN CARTER	PRESIDENT	N/A	Director	$0	$0	$0
JOHN CIESLA	BOARD MEMBER	N/A	Director	$0	$0	$0
TARA GAMBLE	BOARD MEMBER	N/A	Director	$0	$0	$0
JEFF GEREN	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
GAIL GILMORE	BOARD MEMBER	N/A	Director	$0	$0	$0
KELLI HENNING	BOARD MEMBER	N/A	Director	$0	$0	$0
JAMES HENRY	BOARD MEMBER	N/A	Director	$0	$0	$0
BRAD HOBBS	BOARD MEMBER	N/A	Director	$0	$0	$0
TONIA HOBBS	BOARD MEMBER	N/A	Director	$0	$0	$0
WAYLAND PARKER	BOARD MEMBER	N/A	Director	$0	$0	$0
TINA SKAGGS	BOARD MEMBER	N/A	Director	$0	$0	$0
ROZANNE STERLING	TREASURER	N/A	Officer Director	$0	$0	$0
CAROLYN TARVER	BOARD MEMBER	N/A	Director	$0	$0	$0
NICOLE TAYLOR	BOARD MEMBER	N/A	Director	$0	$0	$0
WANDA ULMER	SECRETARY	N/A	Officer Director	$0	$0	$0
AARON WHITE	BOARD MEMBER	N/A	Director	$0	$0	$0
STANHOPE WILKINSON	BOARD MEMBER	N/A	Director	$0	$0	$0
JOELLA SKAGGS	EXEC. DIRECT	N/A	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
2024	$85,061	$88,849	$468,720	$-3,788
2023	$138,857	$85,880	$472,508	$52,977
2022	$62,725	$76,670	$419,531	$-13,945
2021	$78,017	$53,683	$432,512	$24,334
2020	$49,169	$45,809	$408,178	$3,360
2019	$44,209	$38,174	$421,150	$6,035
2018	$25,796	$30,321	$411,751	$-4,525

GREENWOOD EDUCATION FOUNDATION INC GREENWOOD EDUCATION FOUNDATION INC