BRUNSWICK AREA STUDENT AID FUND (EIN 016014861) - 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

1956

Legal Domicile

Principal Officer

MARIE WHITNEY

Phone

2077721981

Tax Period

2024-07-01 to 2025-06-30

BRUNSWICK AREA STUDENT AID FUND, founded in 1956, is a small nonprofit in the Education sector that reported $751K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $146K, a strong 19% operating margin.

Mission

TO AWARD POST-SECONDARY SCHOLARSHIPS TO WORTHY STUDENTS AND TO GIVE SUPPORT TO K-12 STUDENTS WHO MIGHT NEED EYEGLASSES, DENTAL CARE OR CLOTHING TO PARTICIPATE EFFECTIVELY IN SCHOOL.

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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 $498,086

Program Service Revenue $0

Investment Income $252,884

Other Revenue $0

TOTAL REVENUE $750,970

Expense Breakdown

Grants Paid $590,635

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $590,635

Other Expenses $14,593

TOTAL EXPENSES $605,228

Year-over-Year Comparison

	2024	2023	Change
Revenue	$750,970	$798,038	-0.1%
Expenses	$605,228	$532,587	+0.1%
Net Income	$145,742	$265,451	-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

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
MARIE WHITNEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
KAREN TILBOR	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
DAN DOIRON	TREASURER	2.00	Officer Director	$0	$0	$0
JIM MOULTON	SECRETARY	2.00	Officer Director	$0	$0	$0
DIANE COOK	DIRECTOR	1.00	Director	$0	$0	$0
JENN BURNS GRAY	DIRECTOR	1.00	Director	$0	$0	$0
G WILLIAM HIGBEE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN F LOYD JR	DIRECTOR	1.00	Director	$0	$0	$0
DONALD KNISELEY	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTY MCALLASTER	DIRECTOR	1.00	Director	$0	$0	$0
RITA MAINES	DIRECTOR	1.00	Director	$0	$0	$0
LINDA MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN E O'CONNOR	DIRECTOR	1.00	Director	$0	$0	$0
JAMES PALLESCHI	DIRECTOR	1.00	Director	$0	$0	$0
CURTIS PICARD	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA RING	DIRECTOR	1.00	Director	$0	$0	$0
DORY STREETT	DIRECTOR	1.00	Director	$0	$0	$0
J OTEY SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE M WHITNEY	DIRECTOR	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
2025	$750,970	$605,228	$8,369,320	$145,742
2024	No data	No data	No data	No data
2023	$581,509	$540,320	$6,833,667	$41,189
2022	$634,763	$448,538	$6,464,596	$186,225
2021	$495,309	$438,048	$7,200,359	$57,261
2020	$453,466	$426,717	$5,729,909	$26,749
2019	$1,105,642	$411,750	$5,919,835	$693,892

BRUNSWICK AREA STUDENT AID FUND