New Caney 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

2012

Legal Domicile

Principal Officer

Suann Hereford

Phone

2815778600

Tax Period

2023-09-01 to 2024-08-31

New Caney ISD Education Foundation, founded in 2012, is a micro nonprofit in the Education sector that reported $91K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $80K left a modest 11% surplus.

Mission

Enhance the New Caney ISD student experience through educational grants, which may include scholarships to New Caney ISD employees for additional education at accredited institutions.

Program Service Accomplishments

Program 1

Expenses: $71,000

The organization funded New Caney Independent School District 71,000 to provide funds to employees desiring to further enhance their education by taking classes at accredited institutions.

Program 2

Expenses: $1,768

The organization funded teacher appreciation lunches and breakfasts.

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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 $53,839

Program Service Revenue $0

Investment Income $5,063

Other Revenue $31,708

TOTAL REVENUE $90,610

Expense Breakdown

Grants Paid $71,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $72,768

Other Expenses $9,487

TOTAL EXPENSES $80,487

Year-over-Year Comparison

	2023	2022	Change
Revenue	$90,610	$113,450	-0.2%
Expenses	$80,487	$95,890	-0.2%
Net Income	$10,123	$17,560	-0.4%

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
Suann Hereford	President	004.00	Officer Director	$0	$0	$0
Lyle Rudolph	Treasurer	002.00	Officer Director	$0	$0	$0
Kim Loving	Vice-President	002.00	Officer Director	$0	$0	$0
Chris Sarvadi	Secretary	002.00	Officer Director	$0	$0	$0
Matthew Salazar	Board Member	001.00	Director	$0	$0	$0
Ruth Ann Anderson	Board Member	001.00	Director	$0	$0	$0
Claire King	Board Member	001.00	Director	$0	$0	$0
Mark Terry	Board Member	001.00	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
2024	$90,610	$80,487	$328,885	$10,123
2019	$76,522	$8,293	$173,981	$68,229
2018	$161,813	$133,745	$105,758	$28,068