WAYNE COUNTY SCHOOL FOUNDATION

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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

1970

Legal Domicile

Principal Officer

MARK GORDON

Phone

6017352921

Tax Period

2023-06-01 to 2024-05-31

WAYNE COUNTY SCHOOL FOUNDATION, founded in 1970, is a community nonprofit in the Education sector that reported $4.7M in total revenue in fiscal year 2023. The organization ran a surplus of $905K, a strong 19% operating margin.

Mission

THE FOUNDATION IS AN EDUCATIONAL FACILITY FOR PRESCHOOL, KINDERGARTEN, ELEMENTARY AND HIGH SCHOOL STUDENTS. THE FOUNDATION INCLUDES A DAYCARE AND OPERATES A CAFETERIA FOR THE BENEFIT OF THE STUDENTS AND TEACHERS.

Program Service Accomplishments

Program 1

Expenses: $2,762,946 Revenue: $2,101,555

THIS PROGRAM PROVIDES FOR THE OVERALL OPERATION OF AN EDUCATIONAL FACILITY FOR STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADE.

Program 2

Expenses: $396,121 Revenue: $528,168

THIS PROGRAM PROVIDES FOR THE OPERATION OF A CAFTERIA THAT SERVICES THE STUDENTS, TEACHERS AND ALL OTHER EMPLOYEES.

Program 3

Expenses: $107,999 Revenue: $145,461

THIS PROGRAM PROVIDES FOR THE OPERATION OF A DAYCARE FOR STUDENTS BEGINNING AT AGE 2 THAT ASSISTS IN PREPARING THE CHILDREN FOR ELEMENTARY SCHOOL.

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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 $1,391,567

Program Service Revenue $3,224,228

Investment Income $57,537

Other Revenue $7,065

TOTAL REVENUE $4,680,397

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,736,687

Fundraising Expenses $0

Program Expenses $3,775,510

Other Expenses $2,038,823

TOTAL EXPENSES $3,775,510

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,680,397	$4,388,937	+0.1%
Expenses	$3,775,510	$3,774,407	+0.0%
Net Income	$904,887	$614,530	+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

101

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
SHANNON BRABHAM	DIRECTOR	5.00	Director	$0	$0	$0
HARRISON COOK	DIRECTOR	5.00	Director	$0	$0	$0
CHAZ CRANE	DIRECTOR	5.00	Director	$0	$0	$0
JARROD FRASIER	SECRETARY/TR	5.00	Officer Director	$0	$0	$0
MARK GORDON	PRESIDENT	5.00	Officer Director	$0	$0	$0
JERRY KELLEY	VICE - PRESI	5.00	Officer Director	$0	$0	$0
CHRIS ODOM	DIRECTOR	5.00	Director	$0	$0	$0
PEYTON SKINNER	DIRECTOR	5.00	Director	$0	$0	$0
JAY TYNES	DIRECTOR	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	No data	No data	No data	No data
2024	$4,680,397	$3,775,510	$5,306,269	$904,887
2023	$4,388,937	$3,774,407	$4,467,736	$614,530
2022	$4,232,544	$3,165,671	$3,872,364	$1,066,873
2021	$3,387,306	$2,795,412	$2,845,381	$591,894
2020	$2,704,249	$2,664,965	$2,383,145	$39,284
2019	$2,546,114	$2,676,361	$2,520,346	$-130,247