COLUMBUS EDUCATIONAL FOUNDATION INC (EIN 640435248) - 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

1964

Legal Domicile

Principal Officer

KIRK HARDY

Phone

6623275272

Tax Period

2023-08-01 to 2024-07-31

COLUMBUS EDUCATIONAL FOUNDATION INC, founded in 1964, is a community nonprofit in the Education sector that reported $5.1M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $812K, a strong 16% operating margin.

Mission

TO PROVIDE A COLLEGE PREPARATORY SCHOOL THAT INSPIRES, CHALLENGES, AND MOTIVATES ITS STUDENTS AS IT PREPARES THEM FOR COLLEGE AND LIFE. (PRE K-12)

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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 (2023)

Revenue Breakdown

Contributions & Grants $477,479

Program Service Revenue $4,038,571

Investment Income $235,413

Other Revenue $321,699

TOTAL REVENUE $5,073,162

Expense Breakdown

Grants Paid $5,629

Salaries & Benefits $2,894,945

Fundraising Expenses $210,895

Program Expenses $3,279,921

Other Expenses $1,360,355

TOTAL EXPENSES $4,260,929

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,073,162	$5,704,961	-0.1%
Expenses	$4,260,929	$3,881,718	+0.1%
Net Income	$812,233	$1,823,243	-0.6%

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

120

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

$12,000

Total Directors

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAY REGIMBAL	DIRECTOR	1.00	Director	$0	$0	$0
JAY FISHER	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN GARNER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
KIRK HARDY	TREASURER	5.00	Officer Director	$12,000	$0	$12,000
KEVIN STAFFORD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PUTT	DIRECTOR	1.00	Director	$0	$0	$0
RICKY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
KELLY TROUT	DIRECTOR	1.00	Director	$0	$0	$0
ROBBIE UPTON	EX-OFFICIO	1.00	Director	$0	$0	$0
RICHARD HEARD	DIRECTOR	1.00	Director	$0	$0	$0
PAIGE SPEARS	PRESIDENT	5.00	Officer Director	$0	$0	$0
JASON WOODARD	DIRECTOR	1.00	Director	$0	$0	$0
LUKE YEATMAN	DIRECTOR	1.00	Director	$0	$0	$0
HOPE DURST	DIRECTOR	1.00	Director	$0	$0	$0
SUSANNE CUNNINGHAM	SECRETARY	5.00	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	$5,073,162	$4,260,929	$10,487,830	$812,233
2023	$5,704,961	$3,881,718	$9,994,300	$1,823,243
2022	$4,198,398	$3,694,563	$7,650,390	$503,835
2021	$3,618,335	$3,430,763	$6,760,846	$187,572
2020	$3,986,865	$3,482,585	$6,532,569	$504,280
2019	$3,725,898	$3,373,787	$6,142,454	$352,111

COLUMBUS EDUCATIONAL FOUNDATION INC