TUSCALOOSA CITY SCHOOLS EDUCATIONA… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

JENNIFER STRIPLING

Phone

2053664065

Tax Period

2022-10-01 to 2023-09-30

TUSCALOOSA CITY SCHOOLS EDUCATIONAL FOUNDATION INC, founded in 1995, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $294K in total revenue in fiscal year 2022. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $281K left a modest 4% surplus.

Mission

TO PROVIDE SUPPORT AND FINANCIAL RESOURCES TO ENHANCE PUBLIC EDUCATION THROUGH A PARTNERSHIP WITH LOCAL SCHOOL SYSTEMS.

Program Service Accomplishments

Program 1

Expenses: $166,621 Revenue: $256,533

TO PROVIDE SUPPORT FOR LOCAL K-12 SCHOOLS.

Program 2

Expenses: $9,600 Revenue: $15,000

TO PROVIDE FUNDING FOR LOCAL SCHOOLS TO PARTICIPATE IN THE HOPE INSTITUTE WHERE TEACHERS LEARN HOW SCHOOLS CAN CONTRIBUTE TO STUDENT'S CHARACTER DELEVOPMENT.

Program 3

Expenses: $28,213 Revenue: $21,973

TO PROVIDE FUNDING FOR SALARIES AND SUPPLIES FOR PROPER INSTRUCTION OF YOUTH ORCHESTRA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $278,929

Program Service Revenue $0

Investment Income $9,226

Other Revenue $5,403

TOTAL REVENUE $293,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,804

Fundraising Expenses $0

Program Expenses $204,434

Other Expenses $233,504

TOTAL EXPENSES $281,308

Year-over-Year Comparison

	2022	2021	Change
Revenue	$293,558	$644,238	-0.5%
Expenses	$281,308	$181,979	+0.5%
Net Income	$12,250	$462,259	-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

530

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

$22,312

Total Directors

$43,081

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK SULLIVAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
PAMELA PRUITT	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNIFER STRIPLING	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT INGRAM	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
TERRI BOMAN	EXECUTIVE DIRECTOR	40.00	Officer Director	$22,312	$0	$22,312
AMANDA CASSITY	MEMBER	1.00	Director	$0	$0	$0
JANET CROWDER	MEMBER	1.00	Director	$0	$0	$0
JOHN ENGLAND JR	MEMBER	1.00	Director	$0	$0	$0
DAVID GAY JR	MEMBER	1.00	Director	$0	$0	$0
VIRGINIA JOINER	MEMBER	1.00	Director	$0	$0	$0
DONNY JONES	MEMBER	1.00	Director	$0	$0	$0
SHELLEY JONES	MEMBER	1.00	Director	$0	$0	$0
BARBARA KUCHARSKI	MEMBER	1.00	Director	$0	$0	$0
AMANDA LIGHTSEY	MEMBER	1.00	Director	$0	$0	$0
KELLEY MILLER	MEMBER	1.00	Director	$0	$0	$0
CHARLES NASH	MEMBER	1.00	Director	$0	$0	$0
SANDRA RAY	MEMBER	1.00	Director	$0	$0	$0
ROBBIE WASHINGTON	MEMBER	1.00	Director	$0	$0	$0
BRANDI SHANKLIN	MEMBER	1.00	Director	$0	$0	$0
ANNE WITT	MEMBER	1.00	Director	$0	$0	$0
LYDIA SEABOL AVANT	EX-OFFICIO	0.50	Director	$0	$0	$0
TERRI BREWER	EX-OFFICIO	0.50	Director	$0	$0	$0
MIKE DARIA	EX-OFFICIO	0.50	Director	$0	$0	$0
KERI JOHNSON	EX-OFFICIO	0.50	Director	$0	$0	$0
CAROLINE LASSITER	EXECUTIVE DIRECTOR	40.00	Director	$20,769	$0	$20,769

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	$293,558	$281,308	$1,023,811	$12,250
2022	$644,238	$181,979	$1,012,111	$462,259
2021	$83,310	$140,260	$549,130	$-56,950
2020	$123,044	$128,013	$606,365	$-4,969
2019	$195,418	$83,424	$613,052	$111,994
2018	$41,130	$15,967	$500,013	$25,163

TUSCALOOSA CITY SCHOOLS EDUCATIONAL FOUNDATION INC