CORSICANA ISD EDUCATION FOUNDATION INC (EIN 731628233) - 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

2002

Legal Domicile

Principal Officer

KRISTEN SMITH

Tax Period

2023-09-01 to 2024-08-31

CORSICANA ISD EDUCATION FOUNDATION INC, founded in 2002, is a small nonprofit in the Education sector that reported $340K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $323K left a modest 5% surplus.

Mission

PROMOTE ACHIEVEMENT IN EDUCATION

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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 $310,733

Program Service Revenue $0

Investment Income $29,351

Other Revenue $0

TOTAL REVENUE $340,084

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $316,483

Other Expenses $323,459

TOTAL EXPENSES $323,459

Year-over-Year Comparison

	2023	2022	Change
Revenue	$340,084	$246,343	+0.4%
Expenses	$323,459	$249,291	+0.3%
Net Income	$16,625	$-2,948	-6.6%

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

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
KELLY BROWN	TRUSTEE	0.00	Director	$0	$0	$0
ELLEN SODD	TRUSTEE	0.00	Director	$0	$0	$0
FRED C BILTZ	TRUSTEE	0.00	Director	$0	$0	$0
COURTNEY DRAIN	TRUSTEE	0.00	Director	$0	$0	$0
STEPHANIE HOWELL	CISD SUPERINTENDENT	0.00	Director	$0	$0	$0
ANGELA MEYERS	TRUSTEE	0.00	Director	$0	$0	$0
TRACY ROGERS	TRUSTEE	0.00	Director	$0	$0	$0
THOMAS BURNS	TRUSTEE	0.00	Director	$0	$0	$0
CHRISTINA CERDA	TRUSTEE	0.00	Director	$0	$0	$0
EMILY LAWHON	TRUSTEE	0.00	Director	$0	$0	$0
CATHY BRANCH	TRUSTEE	0.00	Director	$0	$0	$0
DANIELLE PILLANS	SECRETARY	1.00	Officer	$0	$0	$0
JUSTIN AZUA	TREASURER	1.00	Officer	$0	$0	$0
KRISTEN SMITH	PRESIDENT	0.00	Officer	$0	$0	$0
ALLISON WILLIAMS	PRESIDENT ELECT	1.00	Officer	$0	$0	$0
CASEY GORDON	EXECUTIVE DIRECTOR	20.00	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
2024	$340,084	$323,459	$645,124	$16,625
2023	$246,343	$249,291	$541,779	$-2,948
2022	$165,869	$180,461	$570,851	$-14,592
2021	$178,651	$193,138	$648,547	$-14,487
2020	$237,230	$224,479	$555,146	$12,751
2019	$328,628	$276,815	$556,032	$51,813
2018	$245,196	$247,763	$500,152	$-2,567

CORSICANA ISD EDUCATION FOUNDATION INC