New Hampshire Higher Education Assistance Foundation (EIN 026007687) - 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

1962

Legal Domicile

Principal Officer

Christiana Thornton

Phone

6032256612

Tax Period

2022-10-01 to 2023-07-31

New Hampshire Higher Education Assistance Foundation, founded in 1962, is a small nonprofit that reported $808K in total revenue in fiscal year 2022. Revenue fell 45% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $484K, a strong 60% operating margin.

Mission

Providing scholarships for New Hampshire students of higher education.

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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 (2022)

Revenue Breakdown

Contributions & Grants $20,023

Program Service Revenue $0

Investment Income $787,889

Other Revenue $0

TOTAL REVENUE $807,912

Expense Breakdown

Grants Paid $300,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $304,491

Other Expenses $24,138

TOTAL EXPENSES $324,138

Year-over-Year Comparison

	2022	2021	Change
Revenue	$807,912	$1,466,909	-0.4%
Expenses	$324,138	$322,469	+0.0%
Net Income	$483,774	$1,144,440	-0.6%

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

$756,701

Total Directors

$517,391

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Susan Huard	Trustee	0.20	Director	$0	$0	$0
Linda Normandin	Trustee	0.20	Director	$0	$0	$0
Rick Elwell	Chair	0.20	Officer Director	$0	$0	$0
Dan Dubreuil	Vice Chair/Secretary	0.20	Officer Director	$0	$0	$0
Carol Houle	Treasurer	0.20	Officer Director	$0	$0	$0
Christiana Thornton	President & CEO	4.00	Officer Director	$0	$39,871	$517,391
Scott Rogers	CFO	4.00	Officer	$0	$30,828	$239,310

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
2023	$807,912	$324,138	No data	$483,774
2022	$1,466,909	$322,469	$24,303,150	$1,144,440
2021	$2,397,548	$1,798,130	$29,960,448	$599,418
2020	$2,421,451	$1,927,314	$27,465,523	$494,137
2019	$1,781,252	$1,435,712	$26,317,500	$345,540
2018	$2,199,096	$1,783,052	$25,528,258	$416,044

New Hampshire Higher Education Assistance Foundation