POLK EDUCATION FOUNDATION AND BUSI… - 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

1988

Legal Domicile

Principal Officer

STEVE WARNER

Phone

8635340519

Tax Period

2023-07-01 to 2024-06-30

POLK EDUCATION FOUNDATION AND BUSINESS PARTNERSHIP INC, founded in 1988, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Net assets of $11.9M represent 40 months of operating reserves.

Mission

TO ESTABLISH A PROACTIVE PARTNERSHIP BETWEEN THE COMMUNITY AND THE PUBLIC SCHOOL SYSTEM TO LINK COMMUNITY RESOURCES WITH THE EDUCATIONAL NEEDS OF ITS STUDENTS THROUGH READING AND MENTORING PROGRAMS, SCHOLARSHIPS, SCHOOL GRANTS AND OTHER EDUCATION ENDEAVORS.

Program Service Accomplishments

Program 1

Expenses: $1,551,939

SCHOLARSHIPS: IN OUR ANNUAL SCHOLARSHIP PROGRAM, DONORS DECIDE THE CRITERIA USED FOR SELECTION, MOST FOCUS ON NEED AND OR ACADEMIC ABILITY. AWARDED FUNDS GENERALLY GO DIRECTLY TO THE INSTITUTION...

SCHOLARSHIPS: IN OUR ANNUAL SCHOLARSHIP PROGRAM, DONORS DECIDE THE CRITERIA USED FOR SELECTION, MOST FOCUS ON NEED AND OR ACADEMIC ABILITY. AWARDED FUNDS GENERALLY GO DIRECTLY TO THE INSTITUTION RATHER THAN THE STUDENT. PART OF OUR SCHOLARSHIP PROGRAM IS OUR TAKE STOCK IN CHILDREN (TSIC) PROGRAM, WHICH NOT ONLY PROVIDES A 2 OR 4 YEAR TUITION SCHOLARSHIP FOR STUDENTS IN FINANCIAL NEED, BUT EACH RECIPIENT IS ALSO MATCHED WITH A MENTOR WHILE THEY ARE IN HIGH SCHOOL AND GETS TO TAKE ADVANTAGE OF OTHER TSIC SUPPORT SERVICES SUCH AS STUDY SKILLS WORKSHOPS, FREE CULTURAL EXPERIENCES AND COLLEGE TOURS.

Program 2

Expenses: $738,455

AMERICORPS POLK READS: PROVIDES ONE ON ONE READING TUTORING TO KINDERGARTEN THRU THIRD GRADE STUDENTS DEEMED BELOW GRADE LEVEL BY THEIR CLASSROOM TEACHER. TRAINED READING TUTORS WORK WITH THE TEACHER TO DETERMINE SKILLS TAUGHT AND STRATEGIES USED. TUTORING TAKES PLACE DURING THE SCHOOL DAY IN THE CHILD'S REGULAR READING BLOCK TO AVOID TRANSPORTATION ISSUES TO A TUTORING PROGRAM HELD BEFORE OR AFTER SCHOOL. MOST CHILDREN THAT HAVE BEEN TUTORED IN THIS PROGRAM HAVE GAINED AT LEAST ONE GRADE LEVEL IN READING, MOST TWO. ADDITIONALLY, TUTORS PROVIDE COMMUNITY SERVICE HOURS RELATED TO LITERACY.

Program 3

Expenses: $300

GRANTS: THE FOUNDATION PROVIDES GRANTS TO ASSIST SCHOOLS IN VARIOUS CAPACITIES. THE GRANT PROGRAMS ADMINISTERED WERE: THE TEACHER TO TEACHER CONNECTION, WHICH HELPS SHARE INNOVATIVE TEACHING...

GRANTS: THE FOUNDATION PROVIDES GRANTS TO ASSIST SCHOOLS IN VARIOUS CAPACITIES. THE GRANT PROGRAMS ADMINISTERED WERE: THE TEACHER TO TEACHER CONNECTION, WHICH HELPS SHARE INNOVATIVE TEACHING PRACTICES AND PROVIDES GRANT MONIES TO CLASSROOMS TO REPLICATE THOSE PRACTICES; STEM EDUCATION GRANTS, WHICH PROVIDE SUPPLY MONEY FOR STEM LESSONS TAUGHT AS PART OF THE REQUIRED CURRICULUM; SCHOOL MATCHING GRANTS, WHICH OFFERED A MATCH FOR SCHOOLS TO USE TO RAISE LOCAL DOLLARS TO SUPPORT LITERACY, LOW PERFORMERS, PROFESSIONAL DEVELOPMENT FOR TEACHERS FOR GRADUATION RATE NEEDS AT THEIR SCHOOL.

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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 $3,267,769

Program Service Revenue $0

Investment Income $190,794

Other Revenue $61,538

TOTAL REVENUE $3,520,101

Expense Breakdown

Grants Paid $2,424,733

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,435,006

Other Expenses $1,167,976

TOTAL EXPENSES $3,592,709

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,520,101	$2,961,025	+0.2%
Expenses	$3,592,709	$1,858,738	+0.9%
Net Income	$-72,608	$1,102,287	-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

182

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
STEVE WARNER	PRESIDENT	0.50	Officer Director	$0	$0	$0
MATT MUCCI	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
GILLIAN SMITH	SECRETARY/TR	0.50	Officer Director	$0	$0	$0
JENNIFER ADAMS	DIRECTOR	0.25	Director	$0	$0	$0
WILLIAM ALLEN	DIRECTOR	0.25	Director	$0	$0	$0
SAMUEL BERRIEN	DIRECTOR	0.25	Director	$0	$0	$0
ANGELIQUE BROWN-ESCOBAR	DIRECTOR	0.25	Director	$0	$0	$0
NANCY DODD	DIRECTOR	0.25	Director	$0	$0	$0
JENNA EMERSON	DIRECTOR	0.25	Director	$0	$0	$0
CLIFTON GARCIA	DIRECTOR	0.25	Director	$0	$0	$0
MICHELL GITHENS	DIRECTOR	0.25	Director	$0	$0	$0
FREDERICK HEID	DIRECTOR	0.25	Director	$0	$0	$0
HOLLIS HOOKS	DIRECTOR	0.25	Director	$0	$0	$0
KIMBERLY JONES	DIRECTOR	0.25	Director	$0	$0	$0
TRACY KIMBROUGH	DIRECTOR	0.25	Director	$0	$0	$0
KATHRYN KOCH	DIRECTOR	0.25	Director	$0	$0	$0
MARGARITA MERRIWEATHER	DIRECTOR	0.25	Director	$0	$0	$0
TRACY MOUNCEY	DIRECTOR	0.25	Director	$0	$0	$0
RONALD ROBERTS	DIRECTOR	0.25	Director	$0	$0	$0
KIM SHORT	DIRECTOR	0.25	Director	$0	$0	$0
JOHN STARGEL	DIRECTOR	0.25	Director	$0	$0	$0
RICHARD STEPHENS	DIRECTOR	0.25	Director	$0	$0	$0
SAGA STEVIN	DIRECTOR	0.25	Director	$0	$0	$0
AMY SUMMERLAND	DIRECTOR	0.25	Director	$0	$0	$0
JENNIE WALKER	DIRECTOR	0.25	Director	$0	$0	$0
MARY RUTH WILSON	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	No data	No data	No data	No data
2024	$3,520,101	$3,592,709	$11,860,701	$-72,608
2023	$2,961,025	$1,858,738	$11,030,068	$1,102,287
2022	$2,738,541	$1,964,802	$9,513,237	$773,739
2021	$2,360,670	$1,967,575	$9,941,664	$393,095
2020	$2,209,043	$2,096,533	$8,997,279	$112,510
2019	$2,070,987	$2,163,172	$8,764,306	$-92,185

POLK EDUCATION FOUNDATION AND BUSINESS PARTNERSHIP INC