HARDEE COUNTY EDUCATION FOUNDATION INC (EIN 592969193) - 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

1989

Legal Domicile

Principal Officer

TERRY ATCHLEY

Phone

8637739058

Tax Period

2023-07-01 to 2024-06-30

HARDEE COUNTY EDUCATION FOUNDATION INC, founded in 1989, is a small nonprofit that reported $785K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $150K, a strong 19% operating margin.

Mission

THE FOUNDATION FOR EDUCATION IMPROVEMENT IN HARDEE COUNTY IS AN INDEPENDENT NON-PROFIT COALITION OF CIVIC AND EDUCATIONAL INTERESTS COMMITTED TO IMPROVEMENT OF HARDEE COUNTY PUBLIC SCHOOLS BY SECURING RESOURCES TO SUPPORT PROGRAMS WHICH WILL IMPROVE THE LEARNING ENVIRONMENT AND INCREASE SCHOOL AND COMMUNITY INTERACTION.

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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 $747,595

Program Service Revenue $0

Investment Income $61,131

Other Revenue $-23,516

TOTAL REVENUE $785,210

Expense Breakdown

Grants Paid $479,110

Salaries & Benefits $72,589

Fundraising Expenses $0

Program Expenses $551,934

Other Expenses $83,659

TOTAL EXPENSES $635,358

Year-over-Year Comparison

	2023	2022	Change
Revenue	$785,210	$1,067,335	-0.3%
Expenses	$635,358	$830,140	-0.2%
Net Income	$149,852	$237,195	-0.4%

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

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

$67,385

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR TERESA CRAWFORD	PRESIDENT	10.00	Officer Director	$0	$0	$0
TERRY ATCHLEY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KATRINA BLANDIN	SECRETARY	2.00	Officer Director	$0	$0	$0
JEREMY CHRISTIAN	TREASURER	2.00	Officer Director	$0	$0	$0
CLAIRE CORNELL	SCHOOL BOARD	2.00	Officer Director	$0	$0	$0
BARBARA ALBRITTON	DIRECTOR	1.00	Director	$0	$0	$0
DERREN BRYAN	DIRECTOR	1.00	Director	$0	$0	$0
KRYSTEN CHAPMAN	DIRECTOR	1.00	Director	$0	$0	$0
DR SYLVIA COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
NOEY FLORES	DIRECTOR	1.00	Director	$0	$0	$0
DR FRANK GIBBS	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEIGH HAYES	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
ROCKY KITCHENS	DIRECTOR	1.00	Director	$0	$0	$0
PHIL RASMUSSEN	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN RIVAS	DIRECTOR	1.00	Director	$0	$0	$0
JIM SEE	DIRECTOR	1.00	Director	$0	$0	$0
CALLI WARD	DIRECTOR	1.00	Director	$0	$0	$0
DR SHERRI ALBRITTON	EXECUTIVE DIRECTOR	40.00	Officer	$67,385	$0	$67,385

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	$785,210	$635,358	$9,786,107	$149,852
2023	$1,067,335	$830,140	$9,148,082	$237,195
2022	$489,671	$277,603	$8,962,141	$212,068
2021	$1,011,375	$509,919	$9,570,133	$501,456
2020	$1,880,926	$180,274	$8,024,625	$1,700,652
2019	$6,244,923	$194,499	$6,342,985	$6,050,424

HARDEE COUNTY EDUCATION FOUNDATION INC