FORREST COUNTY SCHOOL DISTRICT FOUNDATION INC (EIN 640848854) - 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

1994

Legal Domicile

Phone

6015456055

Tax Period

2024-07-01 to 2025-06-30

FORREST COUNTY SCHOOL DISTRICT FOUNDATION INC, founded in 1994, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $3K in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $5K exceeded revenue, resulting in a 50% operating deficit.

Mission

The Foundation provides support for the Forrest County School District in the form of equipment grants and facility improvements.The Foundation also supports the ediucational mission of the District in support of PBI programs and programs to increase parental involvment in the Forrest County Schools.

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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 $3,138

Program Service Revenue $0

Investment Income $44

Other Revenue $0

TOTAL REVENUE $3,182

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $4,765

TOTAL EXPENSES $4,765

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,182	$5,854	-0.5%
Expenses	$4,765	$7,664	-0.4%
Net Income	$-1,583	$-1,810	-0.1%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN VINES	DIRECTOR	000.25	Director	$0	$0	$0
RONNIE PERKINS	DIRECTOR	000.25	Director	$0	$0	$0
TESSIE REED	DIRECTOR	000.25	Director	$0	$0	$0
ANGELA BROWN	DIRECTOR	000.25	Director	$0	$0	$0
JASON HELTON	CHAIRMAN	000.25	Director	$0	$0	$0
BRIAN FREEMAN	CEO	001.00	Officer Key Emp	$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	$3,182	$4,765	$15,991	$-1,583
2024	$5,854	$7,664	$17,574	$-1,810
2023	$9,070	$9,353	$19,384	$-283
2022	$7,193	$9,990	$19,667	$-2,797
2021	$11,427	$5,938	$22,464	$5,489
2020	$33,020	$19,540	$16,976	$13,480
2019	$8,077	$6,850	$3,496	$1,227

FORREST COUNTY SCHOOL DISTRICT FOUNDATION INC