Swans Island Educational Society (EIN 010317540) - 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

1972

Legal Domicile

Principal Officer

Jeanne Hoyle

Phone

2075264330

Tax Period

2023-01-01 to 2023-12-31

Swans Island Educational Society, founded in 1972, is a micro nonprofit that reported $81K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $102K exceeded revenue, resulting in a 26% operating deficit.

Mission

To provide a free-lending library, educational programming, access to high speed internet service and historical collections, and to serve as a space for art shows and as a meeting place for the community of Swan's Island. We are a safe heated location for all island residents in case of emergency.

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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 $79,453

Program Service Revenue $0

Investment Income $1,208

Other Revenue $360

TOTAL REVENUE $81,021

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,281

Fundraising Expenses $3,220

Program Expenses $98,270

Other Expenses $76,072

TOTAL EXPENSES $102,353

Year-over-Year Comparison

	2023	2022	Change
Revenue	$81,021	$86,537	-0.1%
Expenses	$102,353	$101,217	+0.0%
Net Income	$-21,332	$-14,680	+0.5%

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

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

$21,600

Total Directors

$21,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeanne Hoyle	Executive Dir.	25.00	Officer Director	$21,600	$0	$21,600
Siobhan Ryan	Trustee	1.00	Director	$0	$0	$0
Jerry Goto	Trustee	1.00	Director	$0	$0	$0
Karen Hagopian Draper	Secretary	2.00	Officer Director	$0	$0	$0
John Conley	Treasurer	2.00	Officer Director	$0	$0	$0
Wesley Staples	Alt. Secretary	2.00	Officer Director	$0	$0	$0
Lisa Bamford	Trustee	1.00	Director	$0	$0	$0
Jessica Harrington	Trustee	1.00	Director	$0	$0	$0
Laurie Farley	Vice President	2.00	Officer Director	$0	$0	$0
Pamela Macfie	Trustee	1.00	Director	$0	$0	$0
Carol Petraitis	President	5.00	Officer Director	$0	$0	$0
Nancy Davis	Trustee	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
2024	No data	No data	No data	No data
2023	$81,021	$102,353	$902,590	$-21,332
2022	$86,537	$101,217	$924,311	$-14,680
2021	$56,857	$80,462	$938,090	$-23,605
2020	$70,678	$83,312	$961,249	$-12,634
2019	$57,564	$105,782	$973,282	$-48,218
2018	$83,189	$104,180	$1,020,913	$-20,991

Swans Island Educational Society