REX AND MARGARET FORTUNE SCHOOL OF EDUCATION

EIN: 943187528 501(c)(3) Education

SACRAMENTO, CA

Total Revenue
$51,450,691
Total Expenses
$54,408,722
Total Assets
$132,626,191
Net Assets
$8,846,405
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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
1993
Legal Domicile
CA
Principal Officer
MARGARET G FORTUNE
Phone
9169248633
Tax Period
2023-07-01 to 2024-06-30

REX AND MARGARET FORTUNE SCHOOL OF EDUCATION, founded in 1993, is a mid-sized nonprofit in the Education sector that reported $51.5M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

THE PROMOTION OF EDUCATION IN CALIFORNIA AND OTHER AREAS WITHIN THE UNITED STATES.

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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 $49,895,728
Program Service Revenue $1,383,508
Investment Income $104,692
Other Revenue $66,763
TOTAL REVENUE $51,450,691

Expense Breakdown

Grants Paid $0
Salaries & Benefits $24,995,745
Fundraising Expenses $0
Program Expenses $51,844,388
Other Expenses $29,412,977
TOTAL EXPENSES $54,408,722

Year-over-Year Comparison

2023 2022 Change
Revenue $51,450,691 $45,742,933 +0.1%
Expenses $54,408,722 $48,025,792 +0.1%
Net Income $-2,958,031 $-2,282,859 +0.3%
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

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Governance

Voting Members
6
Independent Members
6
Employees
516
Volunteers
6

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
$880,184
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELEANOR BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
BERTHA GORMAN BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT LOEHR BOARD MEMBER 1.00
Director
$0 $0 $0
CAROLYN MULLINS BOARD MEMBER 1.00
Director
$0 $0 $0
JOETTE SPENCER CAMPBELL BOARD MEMBER 1.00
Director
$0 $0 $0
OLLIE WATSON BOARD MEMBER 1.00
Director
$0 $0 $0
MARGARET G FORTUNE PRESIDENT/CEO 50.00
Officer
$307,990 $29,414 $337,404
BONNIE BENSEN CHIEF FINANCIAL OFFICER 50.00
Officer
$261,904 $29,785 $291,689
MICHELLE GRACE SECRETARY 50.00
Officer
$221,488 $29,603 $251,091
JEROLD LIGONS DIRECTOR OF FACILITIES 50.00
Highest
$180,375 $20,961 $201,336
RICK RUBINO HR CONSULTANT 25.00
Highest
$190,040 $0 $190,040
WESLEY PEPPER CHIEF ACADEMIC OFFICER 50.00
Highest
$166,601 $18,581 $185,182
MALLORY AREVALOS DIRECTOR OF FISCAL SERVICES 50.00
Highest
$156,376 $21,903 $178,279
SHONDA MOORE DIRECTOR OF MARKETING (THRU 10/23) 50.00
Highest
$143,749 $18,036 $161,785
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 $51,450,691 $54,408,722 $132,626,191 $-2,958,031
2023 $45,742,933 $48,025,792 $141,551,561 $-2,282,859
2022 $42,193,426 $37,248,060 $30,813,911 $4,945,366
2021 $35,911,409 $30,613,757 $24,584,950 $5,297,652
2020 $26,827,979 $25,948,600 $12,681,418 $879,379
2019 $23,518,342 $24,984,506 $7,819,269 $-1,466,164
2018 $23,279,907 $23,707,119 $7,642,522 $-427,212
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