WOODWARD HINES EDUCATION 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

1995

Legal Domicile

Principal Officer

WILLIAM F ALVIS

Phone

6013215555

Tax Period

2023-01-01 to 2023-12-31

WOODWARD HINES EDUCATION FOUNDATION, founded in 1995, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 286% from the prior year, signaling strong growth momentum. Expenses of $7.8M exceeded revenue, resulting in a 187% operating deficit.

Mission

TO HELP MISSISSIPPIANS OBTAIN POSTSECONDARY CREDENTIALS, COLLEGE CERTIFICATES, AND DEGREES THAT LEAD TO MEANINGFUL EMPLOYMENT.

Program Service Accomplishments

Program 1

Expenses: $4,583,879 Revenue: $10,019

PROVIDING SERVICES TO STUDENTS AND PARENTS INCLUDING SCHOLARSHIPS, COLLEGE ACCESS AND FINANCIAL AID COUNSELING, AND MENTORING STUDENTS IN MISSISSIPPI.

Program 2

Expenses: $1,187,967

GRANTS TO NONPROFIT ORGANIZATIONS PROVIDING SERVICES AND ASSISTANCE TO STUDENTS.

Program 3

Expenses: $229,926 Revenue: $471,967

PROVIDING MANAGEMENT SERVICES TO MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORPORATION

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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 $1,853,363

Program Service Revenue $481,986

Investment Income $389,679

Other Revenue $0

TOTAL REVENUE $2,725,028

Expense Breakdown

Grants Paid $1,187,967

Salaries & Benefits $2,910,169

Fundraising Expenses $0

Program Expenses $6,001,772

Other Expenses $3,732,496

TOTAL EXPENSES $7,830,632

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,725,028	$705,522	+2.9%
Expenses	$7,830,632	$7,323,373	+0.1%
Net Income	$-5,105,604	$-6,617,851	-0.2%

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

$712,291

Total Directors

$68,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD CARLISLE	DIRECTOR	1.00	Director	$6,000	$0	$6,000
MICHAEL CORMACK JR	DIRECTOR	1.00	Director	$5,400	$0	$5,400
HALEY FISACKERLY	DIRECTOR	1.00	Director	$3,000	$0	$3,000
ROBERT LEARD	DIRECTOR	1.00	Director	$7,200	$0	$7,200
DAVID MARTIN	DIRECTOR	1.00	Director	$7,200	$0	$7,200
DEBRA MCGEE	BOARD VICE-CHAIR	1.00	Officer Director	$6,600	$0	$6,600
ANDREW MULLINS	DIRECTOR	1.00	Director	$6,600	$0	$6,600
CAMILLE YOUNG	DIRECTOR	1.00	Director	$5,400	$0	$5,400
JOHN F HILL	DIRECTOR	2.00	Director	$8,150	$0	$8,150
NATHAN SLATER	BOARD CHAIR	2.00	Officer Director	$8,950	$0	$8,950
CEDRIC BRADLEY	DIRECTOR, BEGIN 5/2023	1.00	Director	$3,900	$0	$3,900
JAMES E MCHALE	PRESIDENT/CEO	40.00	Officer	$282,701	$17,490	$300,191
WILLIAM F ALVIS	CFO/TREASURER	40.00	Officer	$197,670	$24,347	$222,017
MINETTE D KETCHINGS	DIRECTOR OF OPERATIONS/CON	40.00	Officer	$156,659	$17,874	$174,533

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	No data	No data	No data	No data
2023	$2,725,028	$7,830,632	$213,624,016	$-5,105,604
2022	$705,522	$7,323,373	$202,416,655	$-6,617,851
2021	$28,726,652	$6,595,294	$222,031,290	$22,131,358
2020	$1,863,940	$5,957,577	$185,809,588	$-4,093,637
2019	$1,983,654	$4,936,134	$171,165,576	$-2,952,480
2018	$4,451,622	$5,142,484	$156,337,013	$-690,862