BOOTHBAY REGION EDUCATION FOUNDATI… - Form 990 Financial Data

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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

2000

Legal Domicile

Principal Officer

BRUCE HARRIS

Phone

2076332874

Tax Period

2024-04-01 to 2025-03-31

BOOTHBAY REGION EDUCATION FOUNDATION, founded in 2000, is a micro nonprofit in the Education sector that reported $55K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $18K, a strong 33% operating margin.

Mission

TO ENRICH THE INTELLECTUAL, ARTISTIC, AND PROFESSIONAL LIVES OF ENROLLED STUDENTS AND PRESENTLY EMPLOYED FACULTY AND ADMINISTRATORS IN THE BOOTHBAY REGION SCHOOL SYSTEM - CSD 3 WHICH INCLUDES THE EDDY SCHOOL IN EDGECOMB AND THE SOUTHPORT ELEMENTARY SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $34,974 Revenue: $54,938

CONTINUED ENRICHMENT OF THE INTELLECTUAL, ARTISTIC, AND PROFESSIONAL LIVES OF ENROLLED STUDENTS AND PRESENTLY EMPLOYED FACULTY AND ADMINISTRATORS IN THE BOOTHBAY REGION SCHOOL SYSTEM THROUGH...

CONTINUED ENRICHMENT OF THE INTELLECTUAL, ARTISTIC, AND PROFESSIONAL LIVES OF ENROLLED STUDENTS AND PRESENTLY EMPLOYED FACULTY AND ADMINISTRATORS IN THE BOOTHBAY REGION SCHOOL SYSTEM THROUGH COLLECTING DONATIONS AND DISBURSING GRANTS.

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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 $54,938

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $54,938

Expense Breakdown

Grants Paid $34,964

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $34,974

Other Expenses $2,005

TOTAL EXPENSES $36,969

Year-over-Year Comparison

	2024	2023	Change
Revenue	$54,938	$72,545	-0.2%
Expenses	$36,969	$84,773	-0.6%
Net Income	$17,969	$-12,228	-2.5%

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

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
CHIP SCHWEHM	TRUSTEE	1.50	Director	$0	$0	$0
ANDY HAMBLETT	TRUSTEE	1.50	Director	$0	$0	$0
JENNIFER WHITNEY	TRUSTEE	1.50	Director	$0	$0	$0
PAUL ROBERTS	TRUSTEE	1.50	Director	$0	$0	$0
KATELIN RICE	TRUSTEE	1.50	Director	$0	$0	$0
BRUCE HARRIS	PRESIDENT	3.00	Officer Director	$0	$0	$0
ROBERT KAHLER	SECRETARY/TREASURER	3.00	Officer 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	$54,938	$36,969	$127,520	$17,969
2024	$72,545	$84,773	$109,551	$-12,228
2023	$27,905	$10,676	$121,780	$17,229
2022	$76,260	$38,557	$104,551	$37,703
2021	$226,362	$216,180	$66,848	$10,182

BOOTHBAY REGION EDUCATION FOUNDATION