MIDWAY ISD EDUCATION FOUNDATION INC (EIN 742914982) - 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

1999

Legal Domicile

Principal Officer

ASHLEY FUTRIS

Phone

2547615614

Tax Period

2024-01-01 to 2024-12-31

MIDWAY ISD EDUCATION FOUNDATION INC, founded in 1999, is a small nonprofit in the Education sector that reported $555K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $201K, a strong 36% operating margin.

Mission

THE MISSION OF THE MIDWAY ISD EDUCATION FOUNDATION IS TO GENERATE AND DISTRIBUTE RESOURCES TO THE MIDWAY INDEPENDENT SCHOOL DISTRICT FOR CREATIVE OR INNOVATIVE PROGRAMS AND PROJECTS THAT ENHANCE THE QUALITY OF EDUCATION FOR OUR STUDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $443,996

Program Service Revenue $0

Investment Income $108,978

Other Revenue $1,806

TOTAL REVENUE $554,780

Expense Breakdown

Grants Paid $229,945

Salaries & Benefits $31,311

Fundraising Expenses $169

Program Expenses $292,279

Other Expenses $92,839

TOTAL EXPENSES $354,095

Year-over-Year Comparison

	2024	2023	Change
Revenue	$554,780	$434,568	+0.3%
Expenses	$354,095	$256,118	+0.4%
Net Income	$200,685	$178,450	+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

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

$50,323

Total Directors

$50,323

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES RAINEY	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIN DUBOIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALISSA CADY	VP - DEVELOPMENT	1.00	Officer Director	$0	$0	$0
ANNA JOHNSON	VP - SPECIAL EVENTS	1.00	Officer Director	$0	$0	$0
JORDAN BARRY	VP - ADMINISTRATION	1.00	Officer Director	$0	$0	$0
GLENDA STRUM	SECRETARY	1.00	Officer Director	$0	$0	$0
MOLLY RIEGER	TREASURER	1.00	Officer Director	$0	$0	$0
KRISTY BOYD	DIRECTOR	1.00	Director	$0	$0	$0
BRAD ALFORD	DIRECTOR	1.00	Director	$0	$0	$0
WILL DRISKELL	DIRECTOR	1.00	Director	$0	$0	$0
DAVE DEACONSON	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER GETTERMAN	DIRECTOR	1.00	Director	$0	$0	$0
KRISTI MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JOE MCKETHAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHNATHAN GREEN	DIRECTOR	1.00	Director	$0	$0	$0
EMILY CREW	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN POYNTER	DIRECTOR	1.00	Director	$0	$0	$0
KATIE TALBERT	DIRECTOR	1.00	Director	$0	$0	$0
BECKY KRAMM	DIRECTOR	1.00	Director	$0	$0	$0
ERIC SHERO	DIRECTOR	1.00	Director	$0	$0	$0
BEN ERLANSON	DIRECTOR	1.00	Director	$0	$0	$0
BEKA GROSS	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL JONES	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY WARREN	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY FUTRIS	EXECUTIVE DIRECTOR	40.00	Officer Director	$46,883	$3,440	$50,323
CARRIE MADDUX	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT BLAND	DIRECTOR	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
2024	$554,780	$354,095	$4,169,067	$200,685
2023	$434,568	$256,118	$3,713,178	$178,450
2022	$413,865	$237,809	$3,047,640	$176,056
2021	$393,306	$221,172	$3,423,272	$172,134
2020	$327,962	$220,692	$2,981,925	$107,270
2019	$388,593	$260,628	$2,631,947	$127,965
2018	$437,368	$257,457	$2,081,140	$179,911

MIDWAY ISD EDUCATION FOUNDATION INC