PETAL SCHOOL DISTRICT EDUCATION FOUNDATION TRUST (EIN 640763110) - 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

1987

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

PETAL SCHOOL DISTRICT EDUCATION FOUNDATION TRUST, founded in 1987, is a small nonprofit that reported $552K in total revenue in fiscal year 2023. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $345K, a strong 63% operating margin.

Mission

ENHANCE THE QUALITY OF EDUCATION IN THE PETAL PUBLIC SCHOOL DISTRICT BY PROVIDING PRIVATE FUNDING FOR ENRICHMENT PROGRAMS FOR TEACHERS AND STUDENTS. TO REWARD AND RECOGNIZE EXCELLENCE AMONG TEACHERS AND STUDENTS.

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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 $506,446

Program Service Revenue $0

Investment Income $44,971

Other Revenue $242

TOTAL REVENUE $551,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,938

Fundraising Expenses $10,941

Program Expenses $145,917

Other Expenses $162,467

TOTAL EXPENSES $206,405

Year-over-Year Comparison

	2023	2022	Change
Revenue	$551,659	$325,517	+0.7%
Expenses	$206,405	$201,162	+0.0%
Net Income	$345,254	$124,355	+1.8%

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

$35,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTY HINNANT	EXECUTIVE DIRECTOR	40.00	Key Emp	$35,000	$0	$35,000
FRANK REID	DIRECTOR	1.00	Director	$0	$0	$0
JANICE ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
CHARLENE CANNON	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN BOONE	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON NEWSOME	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE MAGEE	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA SUTTON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID RUFFIN	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN ISRAEL	DIRECTOR	1.00	Director	$0	$0	$0
BILL DUKES	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE BARKER	DIRECTOR	1.00	Director	$0	$0	$0
KELLY LAMBERT	PRESIDENT	1.00	Officer Director	$0	$0	$0
MATTHEW DILLON	SECRETARY	1.00	Officer Director	$0	$0	$0
DEE DEE LOWERY	TREASURER	1.00	Officer Director	$0	$0	$0
JULIE RUSSELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LOGAN BRENNER	RECORDING SECRETARY	1.00	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
2025	No data	No data	No data	No data
2024	$551,659	$206,405	$1,400,393	$345,254
2023	$325,517	$201,162	$1,041,248	$124,355
2022	$266,456	$184,039	$915,073	$82,417
2021	$208,840	$152,336	$880,833	$56,504
2020	$233,491	$188,729	$732,554	$44,762
2019	$298,383	$251,410	$743,225	$46,973

PETAL SCHOOL DISTRICT EDUCATION FOUNDATION TRUST