GARRETT COUNTY PUBLIC SCHOOLS FOUNDATION INC (EIN 812060291) - 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

2016

Legal Domicile

Principal Officer

THOMAS CARR

Phone

3015010190

Tax Period

2023-07-01 to 2024-06-30

GARRETT COUNTY PUBLIC SCHOOLS FOUNDATION INC, founded in 2016, is a small nonprofit in the Education sector that reported $552K in total revenue in fiscal year 2023. Revenue surged 1239% from the prior year, signaling strong growth momentum. The organization ran a surplus of $480K, a strong 87% operating margin.

Mission

THE FOUNDATION'S PURPOSE IS TO SUPPLEMENT EDUCATIONAL FUNDING TO PROVIDE OPPORTUNITIES TO STUDENTS AND FACULTY BEYOND WHAT FEDERAL, STATE, AND COUNTY TAX DOLLARS AND SCHOOL SYSTEM CAN PROVIDE.

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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 $534,699

Program Service Revenue $0

Investment Income $17,038

Other Revenue $0

TOTAL REVENUE $551,737

Expense Breakdown

Grants Paid $69,089

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $69,089

Other Expenses $2,414

TOTAL EXPENSES $71,503

Year-over-Year Comparison

	2023	2022	Change
Revenue	$551,737	$41,212	+12.4%
Expenses	$71,503	$69,811	+0.0%
Net Income	$480,234	$-28,599	-17.8%

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
THOMAS CARR	TREASURER	N/A	Officer Director	$0	$0	$0
CYNTHIA DOWNTON	PRESIDENT	N/A	Officer Director	$0	$0	$0
KEITH HARVEY	BOARD MEMBER	N/A	Director	$0	$0	$0
HENRIETTA LEASE	BOARD MEMBER	N/A	Director	$0	$0	$0
ANNA MILLER	SECRETARY	N/A	Officer Director	$0	$0	$0
EMILY NEWMAN-EDWARDS	BOARD MEMBER	N/A	Director	$0	$0	$0
KEITH SANDERS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
SPENCER SCHLOSNAGLE	BOARD MEMBER	N/A	Director	$0	$0	$0
JACK SETTLE	BOARD MEMBER	N/A	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
2025	No data	No data	No data	No data
2024	$551,737	$71,503	$1,047,313	$480,234
2023	$41,212	$69,811	$553,744	$-28,599
2022	$559,917	$446,005	$582,087	$113,912
2020	$43,101	$35,433	$782,717	$7,668
2019	$667,221	$41,776	$767,289	$625,445

GARRETT COUNTY PUBLIC SCHOOLS FOUNDATION INC