WILLIAM D MATTINGLY EDUCATION CENTER INC (EIN 611114534) - 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

Principal Officer

SHAWN S FUGATE

Phone

5022393345

Tax Period

2024-07-01 to 2025-06-30

WILLIAM D MATTINGLY EDUCATION CENTER INC, founded in 1986, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 1277% from the prior year, signaling strong growth momentum. Expenses of $5.0M exceeded revenue, resulting in a 146% operating deficit.

Mission

THE ORGANIZATION IS ESTABLISHED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF ESTABLISHING A CHRISTIAN SCHOOL FOR UNDER PRIVILEGED CHILDREN AND FOR PROVIDING SUPPORT TO 501(C)(3) ORGANIZATIONS WHOSE EXEMPT PURPOSE IS TO PREVENT CRUELTY TO ANIMALS.

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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 $296

Program Service Revenue $0

Investment Income $1,883,216

Other Revenue $155,085

TOTAL REVENUE $2,038,597

Expense Breakdown

Grants Paid $4,652,627

Salaries & Benefits $228,000

Fundraising Expenses $0

Program Expenses $4,692,377

Other Expenses $135,820

TOTAL EXPENSES $5,016,447

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,038,597	$148,076	+12.8%
Expenses	$5,016,447	$51,087	+97.2%
Net Income	$-2,977,850	$96,989	-31.7%

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

N/A

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

$228,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAWN S FUGATE	PRESIDENT	5.00	Officer	$108,000	$0	$108,000
SHAWN S FUGATE	SECRETARY	5.00	Officer	$108,000	$0	$108,000
JP K FUGATE	VICE-PRESIDENT	5.00	Officer	$12,000	$0	$12,000

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	$2,038,597	$5,016,447	No data	$-2,977,850
2024	$148,076	$51,087	$2,977,850	$96,989
2023	$162,957	$274,228	$2,880,861	$-111,271
2022	$550,145	$580,245	$3,000,204	$-30,100
2021	$523,327	$525,053	$3,090,332	$-1,726
2020	$471,241	$508,138	$3,129,473	$-36,897
2019	$487,129	$487,529	$3,102,846	$-400

WILLIAM D MATTINGLY EDUCATION CENTER INC