Hillsborough Education Foundation Inc (EIN 592883361) - 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

Formation Year

1988

Legal Domicile

Principal Officer

Anna Corman

Phone

8135740260

Tax Period

2024-07-01 to 2025-06-30

Hillsborough Education Foundation Inc, founded in 1988, is a mid-sized nonprofit in the Education sector that reported $11.7M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $11.1M left a modest 5% surplus.

Mission

To ensure every student in Hillsborough County receives an outstanding public education that equips them for a fulfilling future.

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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 $11,056,033

Program Service Revenue $204,858

Investment Income $487,348

Other Revenue $-84,109

TOTAL REVENUE $11,664,130

Expense Breakdown

Grants Paid $3,871,596

Salaries & Benefits $2,327,750

Fundraising Expenses $390,801

Program Expenses $10,287,299

Other Expenses $4,902,193

TOTAL EXPENSES $11,101,539

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,664,130	$9,613,439	+0.2%
Expenses	$11,101,539	$9,699,155	+0.1%
Net Income	$562,591	$-85,716	-7.6%

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

1174

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

$188,307

Total Directors

$188,307

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anna Corman	President, CEO	40.00	Officer Director	$182,090	$6,217	$188,307
Chris Taylor	Chair	2.00	Officer Director	$0	$0	$0
Sean Shaw	Vice-Chair	2.00	Officer Director	$0	$0	$0
Joyce Haines Ph D	Secretary	2.00	Officer Director	$0	$0	$0
Mark Fernandez	Treasurer	2.00	Officer Director	$0	$0	$0
Ankit Pateil	Director	0.25	Director	$0	$0	$0
Barbara Janousek	Director	0.25	Director	$0	$0	$0
Betty Castor	Director	0.25	Director	$0	$0	$0
Chon Nguyen	Director	0.25	Director	$0	$0	$0
Dr Anne Lenz	Director	0.25	Director	$0	$0	$0
Drew Marshall	Director	0.25	Director	$0	$0	$0
Fentrice D Driskell	Director	0.25	Director	$0	$0	$0
Jackie Gilbert	Director	0.25	Director	$0	$0	$0
Joel K Stephens	Director	0.25	Director	$0	$0	$0
Kevin H Sutton	Director	0.25	Director	$0	$0	$0
Kim Pietsch-Huff	Director	0.25	Director	$0	$0	$0
Kimberly D Thresher	Director	0.25	Director	$0	$0	$0
Mandy Weitknecht	Director	0.25	Director	$0	$0	$0
Maureen Butler	Director	0.25	Director	$0	$0	$0
Michael C Poland	Director	0.25	Director	$0	$0	$0
Nadia Combs	Director	0.25	Director	$0	$0	$0
Nina Lacevic	Director	0.25	Director	$0	$0	$0
Rob Kriete	Director	0.25	Director	$0	$0	$0
Sol J Fleischman Jr	Director	0.25	Director	$0	$0	$0
T Corey Neil	Director	0.25	Director	$0	$0	$0
Tate Kubler	Director	0.25	Director	$0	$0	$0
Ted Stasney	Director	0.25	Director	$0	$0	$0
Tina James	Director	0.25	Director	$0	$0	$0
Tommy Chuck	Director	0.25	Director	$0	$0	$0
Van Ayres	Director	0.25	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	$11,664,130	$11,101,539	$12,592,599	$562,591
2024	$9,613,439	$9,699,155	$11,228,068	$-85,716
2023	$7,821,921	$8,055,363	$10,906,821	$-233,442
2022	$10,065,447	$8,779,621	$10,731,665	$1,285,826
2021	$7,438,781	$6,937,705	$10,605,925	$501,076
2020	$7,518,399	$6,966,294	$9,567,170	$552,105
2019	$7,461,811	$7,279,853	$8,908,539	$181,958

Hillsborough Education Foundation Inc