GREENWOOD ISD EDUCATION FOUNDATION

EIN: 920236572 501(c)(3) Education

Midland, TX

Total Revenue
$308,642
Total Expenses
$200,395
Total Assets
$108,247
Net Assets
$108,247
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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
TX
Principal Officer
Gloria Cummings
Phone
4322536717
Tax Period
2023-01-01 to 2023-12-31

GREENWOOD ISD EDUCATION FOUNDATION, founded in 2022, is a small nonprofit in the Education sector that reported $309K in total revenue in fiscal year 2023. The organization ran a surplus of $108K, a strong 35% operating margin.

Mission

Generate and distribute resources to GISD students and employees to enrich, maintain, and expand opportunities for pursuing excellence in education.

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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 $308,642
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $308,642

Expense Breakdown

Grants Paid $193,600
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $200,395
Other Expenses $6,795
TOTAL EXPENSES $200,395

Year-over-Year Comparison

2023 2022 Change
Revenue $308,642 N/A N/A
Expenses $200,395 N/A N/A
Net Income $108,247 $0 N/A
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
13
Independent Members
13
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
3
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brent Braden President 0.00
Officer Director
$0 $0 $0
Brandon Audas Vice President 0.00
Officer Director
$0 $0 $0
Gloria Cummings Treasurer 0.00
Officer Director
$0 $0 $0
Heather Brown None 0.00
Director
$0 $0 $0
Justin Belcher None 0.00
Director
$0 $0 $0
Debra Keel None 0.00
Director
$0 $0 $0
Nikki Leatherwood None 0.00
Director
$0 $0 $0
John-Paul Huber None 0.00
Director
$0 $0 $0
Jay Marquez None 0.00
Director
$0 $0 $0
Jeff Wilhelm None 0.00
Director
$0 $0 $0
Chad McClellan None 0.00
Director
$0 $0 $0
Benny Sosa None 0.00
Director
$0 $0 $0
Chelsea Gonzales None 0.00
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 No data No data No data No data
2023 $308,642 $200,395 $108,247 $108,247
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