GARRETT COUNTY PUBLIC SCHOOLS FOUNDATION INC

EIN: 812060291 501(c)(3) Education

OAKLAND, MD

Total Revenue
$551,737
Total Expenses
$71,503
Total Assets
$1,047,313
Net Assets
$1,047,313
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MD
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

TO SUPPLEMENT EDUCATIONAL FUNDING TO PROVIDE OPPORTUNITIES TO STUDENTS AND FACULTY BEYOND WHAT FEDERAL, STATE, AND COUNTY TAX DOLLARS AND SCHOOL SYSTEM CAN PROVIDE.

Program Service Accomplishments

Program 1
Expenses: $66,089

PROGRAM SUPPORT - TO PROVIDE SUPPORT TO SCHOOLS, DEPARTMENTS, SPECIAL INTERESTS, AND OTHER PROJECTS APPROVED BY THE FOUNDATION.

Program 2
Expenses: $3,000

ENDOWMENT - TO PROVIDE SUPPORT FOR STUDENT SCHOLARSHIPS

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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%)

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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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
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