CITRUS COUNTY EDUCATION FOUNDATION

EIN: 593138328 501(c)(3) Education

INVERNESS, FL

Total Revenue
$2,692,867
Total Expenses
$2,063,050
Total Assets
$2,092,196
Net Assets
$2,092,196
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
FL
Principal Officer
TED KING
Phone
3527261931
Tax Period
2024-07-01 to 2025-06-30

CITRUS COUNTY EDUCATION FOUNDATION, founded in 1992, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $630K, a strong 23% operating margin.

Mission

THE CITRUS COUNTY EDUCATION FOUNDATION, INC. PROVIDES RESOURCES TO SUPPORT CITRUS COUNTY SCHOOLS TO ENHANCE THE QUALITY OF EDUCATION. THE FOUNDATION IS DEDICATED TO: ENCOURAGING BUSINESS AND COMMUNITY INVOLVEMENT IN THE PUBLIC SCHOOL SYSTEM. PROMOTING CREATIVE AND INNOVATIVE EDUCATIONAL PROGRAMS. FOSTERING EXCELLENCE IN LEARNING. RECOGNIZING OUTSTANDING ACHIEVEMENTS OF STUDENTS, TEACHERS, SUPPORT PERSONNEL AND ADMINISTRATORS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,092,123
Program Service Revenue $449,126
Investment Income $63,614
Other Revenue $88,004
TOTAL REVENUE $2,692,867

Expense Breakdown

Grants Paid $114,250
Salaries & Benefits $183,944
Fundraising Expenses $318,922
Program Expenses $1,547,214
Other Expenses $1,764,856
TOTAL EXPENSES $2,063,050

Year-over-Year Comparison

2024 2023 Change
Revenue $2,692,867 $1,922,508 +0.4%
Expenses $2,063,050 $1,354,329 +0.5%
Net Income $629,817 $568,179 +0.1%
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

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Governance

Voting Members
5
Independent Members
5
Employees
8
Volunteers
650

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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBIERI AMY TREASURER 20.00
Officer Director
$0 $0 $0
LINDSAY BLAIR SECRETARY 20.00
Officer Director
$0 $0 $0
WHITE DAVID PAST PRESIDE 10.00
Officer Director
$0 $0 $0
TED KING PRESIDENT 20.00
Officer Director
$0 $0 $0
KATIE MYERS SECRETARY 20.00
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 $2,692,867 $2,063,050 $2,092,196 $629,817
2024 $1,922,508 $1,354,329 $1,463,417 $568,179
2023 $1,097,264 $1,106,558 $895,314 $-9,294
2022 $938,976 $612,602 $904,685 $326,374
2021 $636,476 $435,318 $540,555 $201,158
2020 $668,722 $562,666 $353,498 $106,056
2019 $519,886 $463,133 $215,025 $56,753
2018 $259,737 $236,731 $158,288 $23,006
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