FRANKLIN-SIMPSON EDUCATIONAL EXCELLENCE FOUNDATION (EIN 611107893) - 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

1986

Legal Domicile

Phone

2707844100

Tax Period

2024-01-01 to 2024-12-31

FRANKLIN-SIMPSON EDUCATIONAL EXCELLENCE FOUNDATION, founded in 1986, is a small nonprofit that reported $204K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Net assets of $1.3M represent 75 months of operating reserves.

Mission

TO FINANCIALLY SUPPORT THE SIMPSON COUNTY BOARD OF EDUCATION IN PROVIDING A LEVEL OF EDUCATIONAL EXCELLENCE THROUGH LEARNING OPPORTUNITIES FOR ALL RESIDENTS OF SIMPSON COUNTY, KENTUCKY. THE FOUNDATION ACTS AS A FUNDING PARTNER TO HELP MEET THE EDUCATIONAL CHALLENGES FACING THE SCHOOL SYSTEM.

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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 $58,179

Program Service Revenue $0

Investment Income $65,804

Other Revenue $80,147

TOTAL REVENUE $204,130

Expense Breakdown

Grants Paid $165,583

Salaries & Benefits $11,004

Fundraising Expenses $11,004

Program Expenses $165,583

Other Expenses $24,718

TOTAL EXPENSES $201,305

Year-over-Year Comparison

	2024	2023	Change
Revenue	$204,130	$160,068	+0.3%
Expenses	$201,305	$266,402	-0.2%
Net Income	$2,825	$-106,334	-1.0%

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

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

$3,876

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILL KELLY	Treasurer	5.00	Director	$3,876	$0	$3,876
KARI HARRIS	President	5.00	Officer Director	$0	$0	$0
DERFRA HOLT	Vice President	1.00	Officer Director	$0	$0	$0
MYRA GREGORY	Secretary	1.00	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
2024	$204,130	$201,305	$1,270,045	$2,825
2023	$160,068	$266,402	$1,192,764	$-106,334
2022	$193,856	$196,312	$1,183,372	$-2,456
2021	$270,128	$148,608	$1,339,660	$121,520
2020	$139,566	$66,822	$1,175,837	$72,744
2019	$103,916	$92,679	$1,093,962	$11,237
2018	$153,672	$113,128	$975,387	$40,544

FRANKLIN-SIMPSON EDUCATIONAL EXCELLENCE FOUNDATION