HOLMES COUNTY EDUCATION FOUNDATION INC (EIN 880720767) - 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

2022

Legal Domicile

Principal Officer

Joe E Rone

Phone

8505479341

Tax Period

2024-07-01 to 2025-06-30

HOLMES COUNTY EDUCATION FOUNDATION INC, founded in 2022, is a small nonprofit in the Education sector that reported $334K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $56K, a strong 17% operating margin.

Mission

To support student and teachers in the Holmes District School Board education system.

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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 $333,667

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $333,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $277,573

Other Expenses $277,573

TOTAL EXPENSES $277,573

Year-over-Year Comparison

	2024	2023	Change
Revenue	$333,667	$271,534	+0.2%
Expenses	$277,573	$269,403	+0.0%
Net Income	$56,094	$2,131	+25.3%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joe Rone	President	1.00	Director	$0	$0	$0
Carmen Bush	Vice President	1.00	Director	$0	$0	$0
Jared White	Treasurer	1.00	Director	$0	$0	$0
Shan Hatfield	Secretary	1.00	Director	$0	$0	$0
Sierra Smith	Director	1.00	Director	$0	$0	$0
Shirley Owens	Director	1.00	Director	$0	$0	$0
Sandy Spear	Director	1.00	Director	$0	$0	$0
Robert Hawkins	Director	1.00	Director	$0	$0	$0
Zac Lee	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
2025	$333,667	$277,573	$62,703	$56,094
2024	$271,534	$269,403	$6,607	$2,131

HOLMES COUNTY EDUCATION FOUNDATION INC