MIDLOTHIAN 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

2004

Legal Domicile

Principal Officer

JILL MATTHEWS

Tax Period

2024-01-01 to 2024-12-31

MIDLOTHIAN ISD EDUCATION FOUNDATION, founded in 2004, is a small nonprofit in the Education sector that reported $140K in total revenue in fiscal year 2024. Revenue surged 104% from the prior year, signaling strong growth momentum.

Mission

MIDLOTHIAN ISD EDUCATION FOUNDATIONS MISSION IS TO GENERATE AND DISTRIBUTE RESOURCES TO THE MISD. THESE RESOURCES WILL BE USED TO ENRICH, MAINTAIN, AND EXPAND PROGRAMS NEEDED TO MEET THE DISTRICTS STATED MISSION OF EDUCATING STUDENTS BY EMPOWERING THEM TO MAXIMIZE THEIR POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $135,185

AWARDING OF FOUNDATION GRANTS TO MISD FOR INNOVATIVE TEACHING ACHIEVEMENTS THAT ARE MADE POSSIBLE THROUGH DONATIONS TO EVENTS SPONSORED BY A VOLUNTEER BOARD OF DIRECTORS MADE UP OF BUSINESS...

AWARDING OF FOUNDATION GRANTS TO MISD FOR INNOVATIVE TEACHING ACHIEVEMENTS THAT ARE MADE POSSIBLE THROUGH DONATIONS TO EVENTS SPONSORED BY A VOLUNTEER BOARD OF DIRECTORS MADE UP OF BUSINESS, COMMUNITY AND EDUCATIONAL LEADERS.

Program 2

Expenses: $6,128

THE STARS BANQUET IS HELD TO HONOR THE TOP 5 OF SENIORS AND A TEACHER OF THEIR CHOICE.

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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 $68,709

Program Service Revenue $0

Investment Income $3,231

Other Revenue $67,966

TOTAL REVENUE $139,906

Expense Breakdown

Grants Paid $77,923

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $141,313

Other Expenses $70,136

TOTAL EXPENSES $148,059

Year-over-Year Comparison

	2024	2023	Change
Revenue	$139,906	$68,663	+1.0%
Expenses	$148,059	$50,904	+1.9%
Net Income	$-8,153	$17,759	-1.5%

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

N/A

Employees

N/A

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
SHELLEY HEMPHILL	DIRECTOR	000.50	Director	$0	$0	$0
DEBBIE PHILLIPPI	DIRECTOR	000.50	Director	$0	$0	$0
TRACEY WILLIAMS	PRESIDENT	000.50	Director	$0	$0	$0
ANNA HAMMONDS	DIRECTOR	000.50	Director	$0	$0	$0
BETTY TRYON	DIRECTOR	000.50	Director	$0	$0	$0
CHARLENE LOVE	DIRECTOR	000.50	Director	$0	$0	$0
EMILY HEITMAN	EXEC DIRECTOR	040.00	Officer	$0	$0	$0
JILL MATTHEWS	VP FINANCE	005.00	Officer	$0	$0	$0
SHAWN PRAPTA	DIRECTOR	005.00	Officer	$0	$0	$0
BRANDY CONKLIN	DIRECTOR	005.00	Officer	$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	$139,906	$148,059	$230,119	$-8,153
2023	$250,500	$256,928	$220,832	$-6,428
2023	$68,663	$50,904	$238,611	$17,759