WICOMICO COUNTY EDUCATION FOUNDATION (EIN 814293847) - 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

MIKE DUNN

Phone

8778295500

Tax Period

2023-01-01 to 2023-12-31

WICOMICO COUNTY EDUCATION FOUNDATION, founded in 2016, is a micro nonprofit that reported $1K in total revenue in fiscal year 2023. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $44K exceeded revenue, resulting in a 4141% operating deficit.

Mission

DESIGNED TO HELP BOLSTER SUPPORT FOR WICOMICO COUNTY PUBLIC SCHOOLS. THIS IDEA IS A JOINT EFFORT OF THE GREATER SALISBURY COMMITTEE AND THE SALISBURY AREA CHAMBER OFF COMMERCE, WITH SUPPORT ALSO FROM THE COMMUNITY FOUNDATION OF THE EASTERN SHORE.

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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 $0

Program Service Revenue $0

Investment Income $30

Other Revenue $1,000

TOTAL REVENUE $1,030

Expense Breakdown

Grants Paid $5,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $42,173

Other Expenses $38,178

TOTAL EXPENSES $43,678

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,030	$10,854	-0.9%
Expenses	$43,678	$14,266	+2.1%
Net Income	$-42,648	$-3,412	+11.5%

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

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	Role	Reportable Comp	Other Comp	Total
MICHELLE WRIGHT	CHAIRMAN	Director	$0	$0	$0
SAMANTHA SCOTT	VICE CHAIRMAN	Director	$0	$0	$0
MIKE DUNN	SECRETARY	Director	$0	$0	$0
MELODIE CARTER	TREASURER	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	$1,030	$43,678	$37,636	$-42,648
2022	$10,854	$14,266	$55,958	$-3,412
2021	$2,219	$6,554	$59,496	$-4,335
2020	$16,883	$9,453	$63,831	$7,430
2019	$13,507	$4,567	$56,401	$8,940

WICOMICO COUNTY EDUCATION FOUNDATION