WACO ISD EDUCATION FOUNDATION (EIN 742728765) - 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

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.

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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

$79,385

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAYLOR BLEDSOE	CHAIR	2.00	Officer Director	$0	$0	$0
CHARLOTTE HENDERSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RACHEL WILDE	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVE MYATT	TREASURER	1.00	Officer Director	$0	$0	$0
DR SUSAN KINCANNON	DIRECTOR	1.00	Director	$0	$0	$0
TONY BROWN	DIRECTOR	1.00	Director	$0	$0	$0
DAN CASTILLO	DIRECTOR	1.00	Director	$0	$0	$0
JULIE CARLSON	DIRECTOR	1.00	Director	$0	$0	$0
ANNA CLARK-MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
RUTH JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN FONVILLE	DIRECTOR	1.00	Director	$0	$0	$0
KIRA HANEY	DIRECTOR	1.00	Director	$0	$0	$0
LONDRIA GILMORE	DIRECTOR	1.00	Director	$0	$0	$0
KIM KLARAS	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
ROMAN NOVIAN	DIRECTOR	1.00	Director	$0	$0	$0
JIM PATTON	DIRECTOR	1.00	Director	$0	$0	$0
ROCKI HORNE	DIRECTOR	1.00	Director	$0	$0	$0
MARYANN RIGGS	DIRECTOR	1.00	Director	$0	$0	$0
KHRISTIAN HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
TY ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
EMILY HUNT-HINOJOSA	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
KELLY LAWSON	DIRECTOR	1.00	Director	$0	$0	$0
ANNETTE PEREZ	DIRECTOR	1.00	Director	$0	$0	$0
DR HAZEL ROWE	DIRECTOR	1.00	Director	$0	$0	$0
EVERETT PHIPPS 1213-1231	DIRECTOR	1.00	Director	$0	$0	$0
TYLER TALBERT 1213-1231	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE HINES	EXECUTIVE DIRECTOR	20.00	Officer Director	$73,328	$6,057	$79,385

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	$353,927	$257,943	$5,959,042	$95,984
2022	$397,562	$290,449	$5,243,333	$107,113
2021	$766,056	$249,032	$6,129,404	$517,024
2020	$743,546	$222,421	$5,509,813	$521,125
2019	$422,296	$192,760	$4,965,568	$229,536
2018	$330,349	$201,041	$4,233,022	$129,308

WACO ISD EDUCATION FOUNDATION