PIEDMONT EDUCATION TRUST (EIN 631053932) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

JANE GOWENS

Phone

2564478831

Tax Period

2023-01-01 to 2023-12-31

PIEDMONT EDUCATION TRUST, founded in 1992, is a micro nonprofit in the Education sector that reported $97K in total revenue in fiscal year 2018. The organization ran a surplus of $36K, a strong 37% operating margin.

Mission

TO PROMOTE AND SUPPORT A HIGHER QUALITY OF EDUCATION FOR THE LOCAL SCHOOL SYSTEM AND TO PROVIDE FINANCIAL ASSISTANCE TO SENIOR STUDENTS PURSUING A HIGHER EDUCATION DEGREE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $160,309

Program Service Revenue $0

Investment Income $37,392

Other Revenue $0

TOTAL REVENUE $197,701

Expense Breakdown

Grants Paid $57,396

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $57,396

Other Expenses $12,856

TOTAL EXPENSES $70,252

Year-over-Year Comparison

	2023	2022	Change
Revenue	$197,701	$111,307	+0.8%
Expenses	$70,252	$82,438	-0.1%
Net Income	$127,449	$28,869	+3.4%

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

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
EDDIE BALDWIN	BOARD MEMBER	001.00	Director	$0	$0	$0
PATRICIA NOAH	BOARD MEMBER	001.00	Director	$0	$0	$0
MAC SINGLETON	BOARD MEMBER	001.00	Director	$0	$0	$0
BRENDA SPEARS	BOARD MEMBER	001.00	Director	$0	$0	$0
HEATHER JACKSON HOOD	BOARD MEMBER	001.00	Director	$0	$0	$0
LIN LATTA	BOARD MEMBER	001.00	Director	$0	$0	$0
THERESA KISOR	BOARD MEMBER	001.00	Director	$0	$0	$0
MITCHELL ROGERS	BOARD MEMBER	001.00	Director	$0	$0	$0
CYNTHIA HARPER	PRESIDENT	002.00	Officer	$0	$0	$0
LEON GARRETT	VICE PRESIDENT	002.00	Officer	$0	$0	$0
MIKE HAYES	SEC	002.00	Officer	$0	$0	$0
JANE GOWENS	TREAS	002.00	Officer	$0	$0	$0
KIM IVEY	ASSIST TREASURER	002.00	Officer	$0	$0	$0
BEVERLY LUSK	PUBLIC RELATIONS COORDINATOR	002.00	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
2024	No data	No data	No data	No data
2023	$197,701	$70,252	$1,291,007	$127,449
2022	$111,307	$82,438	$1,029,147	$28,869
2021	$240,291	$65,982	$1,180,284	$174,309
2020	$109,326	$58,985	$1,005,975	$50,341
2019	$151,625	$63,483	$955,634	$88,142
2018	$97,191	$60,902	$812,198	$36,289

PIEDMONT EDUCATION TRUST