Clay County Education Foundation I

EIN: 592860147 501(c)(3)

Green Cove Springs, FL

Total Revenue
$738,808
Total Expenses
$592,244
Total Assets
$371,851
Net Assets
$371,851
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
FL
Principal Officer
Gi Teevan
Tax Period
2023-07-01 to 2024-06-30

Clay County Education Foundation I, founded in 1988, is a small nonprofit that reported $739K in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $147K, a strong 20% operating margin.

Mission

As the recognized district-wide education foundation for Clay County School District, we work collaboratively with school leaders to determine how and where private-sector investment and volunteer involvement can have the greatest impact on student success.

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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 $734,815
Program Service Revenue $0
Investment Income $722
Other Revenue $3,271
TOTAL REVENUE $738,808

Expense Breakdown

Grants Paid $239,669
Salaries & Benefits $134,913
Fundraising Expenses $9,209
Program Expenses $542,129
Other Expenses $217,662
TOTAL EXPENSES $592,244

Year-over-Year Comparison

2023 2022 Change
Revenue $738,808 $395,455 +0.9%
Expenses $592,244 $379,760 +0.6%
Net Income $146,564 $15,695 +8.3%
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
14
Independent Members
14
Employees
N/A
Volunteers
125

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
6
$157,421
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carolyn Krall PresidentCEO 40.00
Officer
$73,236 $24,548 $97,784
Heather Obermiller Vice-President 40.00
Officer
$52,500 $7,137 $59,637
Brady White Member 1.00
Director
$0 $0 $0
Carla Lomack Member 1.00
Director
$0 $0 $0
Jeff Moore Member 1.00
Director
$0 $0 $0
Atheia Gillespie Member 1.00
Director
$0 $0 $0
Laura Pavlus Member 1.00
Director
$0 $0 $0
Karine Williams Member 1.00
Director
$0 $0 $0
Lisa Ashworth Member 1.00
Director
$0 $0 $0
Al DeJesus Member 1.00
Director
$0 $0 $0
Celeste Sciandra Member 1.00
Director
$0 $0 $0
John David Horne Member 1.00
Director
$0 $0 $0
Michael Rathjen Vice-Chair 1.00
Officer Director
$0 $0 $0
Gi Teevan Chair 2.00
Officer Director
$0 $0 $0
Jennifer Young Secretary 1.00
Officer Director
$0 $0 $0
Terry Hicks Treasurer 2.00
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 $738,808 $592,244 $371,851 $146,564
2023 $395,455 $379,760 $225,287 $15,695
2022 $357,517 $409,846 $209,592 $-52,329
2021 $545,475 $426,504 $218,368 $118,971
2020 $414,696 $357,057 $100,397 $57,639
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