BOOTHBAY REGION STUDENT AID FUND IN

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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

1964

Legal Domicile

Principal Officer

TERESA KOSTER

Phone

2073504032

Tax Period

2023-06-01 to 2024-05-31

BOOTHBAY REGION STUDENT AID FUND IN, founded in 1964, is a small nonprofit in the Education sector that reported $778K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $291K, a strong 37% operating margin.

Mission

PROVIDE NEED-BASED FINANCIAL ASSISTANCE TO BOOTHBAY REGION HIGH SCHOOL GRADUATES SEEKING EDUCATION BEYOND THE SECONDARY LEVEL.

Program Service Accomplishments

Program 1

Expenses: $450,450

THE ORGANIZATION PROVIDED FINANCIAL AID FOR POST SECONDARY EDUCATION TO GRADUATES OF THE BOOTHBAY REGION HIGH SCHOOL WHO LACKED ADEQUATE FINANCIAL RESOURCES. 63 GRANTS WERE AWARDED DURING THE YEAR.

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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 $565,680

Program Service Revenue $0

Investment Income $212,295

Other Revenue $0

TOTAL REVENUE $777,975

Expense Breakdown

Grants Paid $450,450

Salaries & Benefits $8,585

Fundraising Expenses $4,894

Program Expenses $450,450

Other Expenses $28,266

TOTAL EXPENSES $487,301

Year-over-Year Comparison

	2023	2022	Change
Revenue	$777,975	$525,697	+0.5%
Expenses	$487,301	$440,476	+0.1%
Net Income	$290,674	$85,221	+2.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH BALDWIN	DIRECTOR	0.50	Director	$0	$0	$0
KIM BYRD	SECRETARY	1.00	Officer Director	$0	$0	$0
BOB CORBIN	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN CORBIN	DIRECTOR	0.50	Director	$0	$0	$0
LOUISE COWAN	DIRECTOR	0.50	Director	$0	$0	$0
ANGELO DIGIULIAN	DIRECTOR	0.50	Director	$0	$0	$0
DAVE DRAPEAU	DIRECTOR	0.50	Director	$0	$0	$0
BILL GOLDENBERG	TREASURER	1.00	Officer Director	$0	$0	$0
TRACEY HALL	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
HILDY JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
NICCI KIMBALL	DIRECTOR	0.50	Director	$0	$0	$0
TERESA KOSTER	PRESIDENT	1.00	Officer Director	$0	$0	$0
LEIGH SHERRILL	DIRECTOR	0.50	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	No data	No data	No data	No data
2024	$777,975	$487,301	$10,547,388	$290,674
2023	$525,697	$440,476	$8,808,088	$85,221
2022	$2,669,575	$420,978	$8,673,590	$2,248,597
2021	$541,646	$394,933	$6,874,584	$146,713
2020	$385,621	$402,747	$5,370,496	$-17,126
2019	$575,876	$384,012	$5,122,788	$191,864