FAIRHOPE EDUCATIONAL ENRICHMENT FO… - 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

1996

Legal Domicile

Principal Officer

KATHERINE GOLDMAN

Phone

2519903333

Tax Period

2024-08-01 to 2025-07-31

FAIRHOPE EDUCATIONAL ENRICHMENT FOUNDATION, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $407K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $126K, a strong 31% operating margin.

Mission

TO PROMOTE AND ENRICH EDUCATIONAL OPPORTUNITIES FOR ALL FAIRHOPE PUBLIC SCHOOL STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $149,766

GRANT APPLICATIONS ARE ACCEPTED FROM LOCAL PUBLIC SCHOOLS AND BASED ON THE AVAILABILITY OF FUNDS AND THE NATURE OF THE REQUEST, FUNDS ARE DISBURSED FOR GRANTS ACCEPTED. THE GRANTS ARE USED TO...

GRANT APPLICATIONS ARE ACCEPTED FROM LOCAL PUBLIC SCHOOLS AND BASED ON THE AVAILABILITY OF FUNDS AND THE NATURE OF THE REQUEST, FUNDS ARE DISBURSED FOR GRANTS ACCEPTED. THE GRANTS ARE USED TO SUPPLEMENT THE SCHOOLS BY PROVIDING NEEDED ENRICHMENT PROGRAMS, SUPPLIES, EQUIPMENT, AND TEACHER PROFESSIONAL DEVELOPMENT.

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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 $83,905

Program Service Revenue $0

Investment Income $223,454

Other Revenue $99,612

TOTAL REVENUE $406,971

Expense Breakdown

Grants Paid $19,245

Salaries & Benefits $95,480

Fundraising Expenses $31,827

Program Expenses $149,766

Other Expenses $166,551

TOTAL EXPENSES $281,276

Year-over-Year Comparison

	2024	2023	Change
Revenue	$406,971	$531,996	-0.2%
Expenses	$281,276	$262,351	+0.1%
Net Income	$125,695	$269,645	-0.5%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE GOLDMAN	PRESIDENT	10.00	Director	$0	$0	$0
SALLY MILLER	VICE PRESIDE	10.00	Director	$0	$0	$0
ANDY WILCOXON	TREASURER	10.00	Director	$0	$0	$0
CLAIR BINGHAM	BOARD MEMBER	5.00	Director	$0	$0	$0
LAUREN BRENNEN	BOARD MEMBER	5.00	Director	$0	$0	$0
MICHELLE BUTLER	BOARD MEMBER	5.00	Director	$0	$0	$0
TONY CANNIZO	BOARD MEMBER	5.00	Director	$0	$0	$0
KRISTI CARDWELL	BOARD MEMBER	5.00	Director	$0	$0	$0
BROOKE CHAMBLEE	BOARD MEMBER	5.00	Director	$0	$0	$0
JONI CHENEY	BOARD MEMBER	5.00	Director	$0	$0	$0
ANNE DORMAN	BAORD MEMBER	5.00	Director	$0	$0	$0
BETSY DUGGAR	BOARD MEMBER	5.00	Director	$0	$0	$0
KELLEY FRYE	BOARD MEMBER	5.00	Director	$0	$0	$0
TRICIA GUNNELLS	BOARD MEMBER	5.00	Director	$0	$0	$0
ASHLEY HARRIS	BOARD MEMBER	5.00	Director	$0	$0	$0
JENNIFER MCDADE	BOARD MEMBER	5.00	Director	$0	$0	$0
SALLY MOLYNEUX	BOARD MEMBER	5.00	Director	$0	$0	$0
CASSIE MORGENSTERN	BOARD MEMBER	5.00	Director	$0	$0	$0
SETH SANDERS	BOARD MEMBER	5.00	Director	$0	$0	$0
MOLLY SPAIN	BOARD MEMBER	5.00	Director	$0	$0	$0
JENNY BREAZEALE	BOARD MEMBER	5.00	Director	$0	$0	$0
CHRISTINA STACY	BOARD MEMBER	5.00	Director	$0	$0	$0
JON CARDWELL	BOARD MEMBER	5.00	Director	$0	$0	$0
CECIL CHRISTENBERRY	BOARD MEMBER	5.00	Director	$0	$0	$0
ANGIE HALL	BOARD MEMBER	5.00	Director	$0	$0	$0
TONYA HARRELLSON	BOARD MEMBER	5.00	Director	$0	$0	$0
SHERRY SULIVAN	BOARD MEMBER	5.00	Director	$0	$0	$0
LINDA SMITH	BOARD MEMBER	5.00	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
2025	$406,971	$281,276	$3,726,195	$125,695
2024	$531,996	$262,351	$3,649,635	$269,645
2023	$365,385	$262,431	$3,598,005	$102,954
2022	$560,788	$293,302	$3,097,438	$267,486
2021	$311,605	$248,454	$3,088,043	$63,151
2020	$346,158	$251,993	$2,716,321	$94,165
2019	$289,154	$280,754	$2,672,851	$8,400

FAIRHOPE EDUCATIONAL ENRICHMENT FOUNDATION