WACO ISD 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

1994

Legal Domicile

Principal Officer

STEVE MYATT

Phone

2547559510

Tax Period

2023-01-01 to 2023-12-31

WACO ISD EDUCATION FOUNDATION, founded in 1994, is a small nonprofit in the Education sector that reported $354K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $96K, a strong 27% operating margin.

Mission

THE WACO ISD EDUCATION FOUNDATION STRIVES TO FUND CREATIVE, EDUCATIONAL PROGRAMS AND PROJECTS NOT COVERED BY SCHOOL BUDGETS OR TAX DOLLARS, THUS OUR MOTTO, "RAISING THE POWER OF EDUCATION!" MORE THAN 93% OF ALL FOUNDATION EXPENSES FUND WACO ISD CLASSROOM GRANTS AND STUDENT SCHOLARSHIPS. THE FOUNDATION WAS FOUNDED FOR THE PURPOSE OF RECEIVING AND DISBURSING FUNDS, PROPERTY AND GIFTS OF ANY KIND EXCLUSIVELY FOR THE BENEFIT OF THE WACO INDEPENDENT SCHOOL DISTRICT.

Program Service Accomplishments

Program 1

Expenses: $196,784

BY FUNDING INNOVATIVE EDUCATOR GRANTS, THE WACO ISD EDUCATION FOUNDATION IS ABLE TO IMPACT OUR STUDENTS, TEACHERS, CLASSROOMS AND ENTIRE DISTRICT. THE FOUNDATION SEEKS TO PROVIDE FUNDING FOR WACO ISD TEACHERS AND SCHOOLS BY AWARDING GRANTS IN FOUR FOCUS AREAS: EARLY CHILDHOOD DEVELOPMENT, ENHANCED PROGRAMMING FOR ADVANCED STUDENTS, EXTENDED EDUCATION FOR STAFF, AND EMPHASIS ON STUDENT PERFORMANCE. TO DATE, THE FOUNDATION HAS AWARDED OVER $2,259,072 IN 618 GRANTS TO WISD TEACHERS.

Program 2

Expenses: $43,875

SCHOLARSHIPS ARE AN OPPORTUNITY TO RECOGNIZE STUDENTS FOR THEIR ACADEMIC ACHIEVEMENTS, LEADERSHIP AND COMMUNITY INVOLVEMENT AS WELL AS A CONDUIT TO PROVIDE HIGHER EDUCATION OPPORTUNIIES. SCHOLARSHIPS ARE ALSO A GREAT MEMORIAL TO LOVED ONES AND PROVIDE A LASTING LEGACY. TO DATE, THE FOUNDATION HAS AWARDED $480,850 IN SCHOLARSHIPS TO WACO ISD GRADUATES.

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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 $185,003

Program Service Revenue $0

Investment Income $40,331

Other Revenue $128,593

TOTAL REVENUE $353,927

Expense Breakdown

Grants Paid $240,659

Salaries & Benefits $0

Fundraising Expenses $1,137

Program Expenses $240,659

Other Expenses $17,284

TOTAL EXPENSES $257,943

Year-over-Year Comparison

	2023	2022	Change
Revenue	$353,927	$397,562	-0.1%
Expenses	$257,943	$290,449	-0.1%
Net Income	$95,984	$107,113	-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

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

$79,385

Total Directors