FOUNDATION FOR RURAL EDUCATION EXCELLENCE INC (EIN 593515342) - 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

1998

Legal Domicile

Principal Officer

SHAY STARLING

Phone

3863293855

Tax Period

2023-07-01 to 2024-06-30

FOUNDATION FOR RURAL EDUCATION EXCELLENCE INC, founded in 1998, is a small nonprofit in the Education sector that reported $198K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $188K left a modest 5% surplus.

Mission

TO HELP ENSURE THE ACHIEVEMENT OF ACADEMIC EXCELLENCE AND CAREER OPPORTUNITIES FOR RURAL STUDENTS IN NORTH EAST FLORIDA.

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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 $184,440

Program Service Revenue $0

Investment Income $96

Other Revenue $13,015

TOTAL REVENUE $197,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $184,952

Other Expenses $188,194

TOTAL EXPENSES $188,194

Year-over-Year Comparison

	2023	2022	Change
Revenue	$197,551	$320,426	-0.4%
Expenses	$188,194	$279,606	-0.3%
Net Income	$9,357	$40,820	-0.8%

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

N/A

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
JUDY BOLES	PRESIDENT	N/A	Officer	$0	$0	$0
NANCY LAJOIE	SECRETARY	N/A	Officer	$0	$0	$0
ANNA ROSSANO-ARNOLD	TREASURER	N/A	Officer	$0	$0	$0
SHAY STARLING	EXEC DIRECTO	N/A	Officer	$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	$197,551	$188,194	$314,402	$9,357
2023	$320,426	$279,606	$305,045	$40,820
2022	$197,550	$172,832	$264,225	$24,718
2021	$264,283	$272,325	$239,507	$-8,042
2020	$269,904	$261,266	$247,549	$8,638
2019	$245,618	$192,019	$238,911	$53,599
2018	$200,258	$231,350	$185,312	$-31,092

FOUNDATION FOR RURAL EDUCATION EXCELLENCE INC