Boerne Education Foundation (EIN 742828331) - 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

1997

Legal Domicile

Principal Officer

Nicole Gallegos

Phone

8303572008

Tax Period

2023-01-01 to 2023-12-31

Boerne Education Foundation, founded in 1997, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $426K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Net assets of $1.7M represent 46 months of operating reserves.

Mission

Raise money and accept gifts to be distributed to schools in the Boerne Independent School District to improve student achievement and to recognize and

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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 $374,395

Program Service Revenue $0

Investment Income $84,543

Other Revenue $-32,575

TOTAL REVENUE $426,363

Expense Breakdown

Grants Paid $393,874

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $412,712

Other Expenses $70,281

TOTAL EXPENSES $464,155

Year-over-Year Comparison

	2023	2022	Change
Revenue	$426,363	$530,268	-0.2%
Expenses	$464,155	$505,594	-0.1%
Net Income	$-37,792	$24,674	-2.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nicole Gallegos	President	1.00	Officer Director	$0	$0	$0
Lindsey Berwick	Executive Vice President	1.00	Officer Director	$0	$0	$0
Sarah Faulkenberry	VP-Development	1.00	Officer Director	$0	$0	$0
Josh Peterson	VP-Disbursements	1.00	Officer Director	$0	$0	$0
Jim Jeffery	VP-Finance	1.00	Officer Director	$0	$0	$0
Dainelle Scott	VP-Marketing	1.00	Officer Director	$0	$0	$0
Lindsey O'Neill	AVP-Development	1.00	Officer Director	$0	$0	$0
Matt Meyers	AVP-Disbursements	1.00	Officer Director	$0	$0	$0
Stephanie Hankins	Secretary	1.00	Officer Director	$0	$0	$0
Kimberly Young	Board Member	1.00	Director	$0	$0	$0
Paige Hankins	Board Member	1.00	Director	$0	$0	$0
Kirsten Cohoon	Board Member	1.00	Director	$0	$0	$0
Angelia Bouslog	Board Member	1.00	Director	$0	$0	$0
Megan Hembree	Board Member	1.00	Director	$0	$0	$0
Wendy McCurley	Board Member	1.00	Director	$0	$0	$0
Fernanda Balli	Board Member	1.00	Director	$0	$0	$0
Colby Tate	Board Member	1.00	Director	$0	$0	$0
Alison Leonard	Board Member	1.00	Director	$0	$0	$0
Leslie Gibson	Board Member	1.00	Director	$0	$0	$0
Trace Klein	Board Member	1.00	Director	$0	$0	$0
Laura Srp	Board Member	1.00	Director	$0	$0	$0
Jen Flynn	Board Member	1.00	Director	$0	$0	$0
Michelle Holcomb	Board Member	1.00	Director	$0	$0	$0
Jen Wildey	Board Member	1.00	Director	$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
2023	$426,363	$464,155	$1,649,681	$-37,792
2022	$530,268	$505,594	$1,592,670	$24,674
2021	$500,793	$364,054	$1,812,330	$136,739
2020	$432,516	$333,343	$1,613,334	$99,173
2019	$356,425	$509,302	$1,410,666	$-152,877
2018	$455,016	$385,882	$1,435,963	$69,134

Boerne Education Foundation